Sif Holding to acquire KCI the engineers from Royal IHC.

Sif Holding, a firm engaged in the manufacturing of metal structures, agreed to acquire KCI the engineers, a provider of engineering, design and consulting services for the oil and gas, renewables and leisure industries, from Royal IHC, a designer, builder and supplier of integrated vessels, equipment and services in the dredging, offshore, mining and defence industries. Financial terms were not disclosed. "The growth in size and complexity of future Offshore Wind projects has convinced us that a close link between foundation-design and manufacturing know-how can result in a significant optimization of both the design of the foundation and the manufacturing of the same. This effectively results in lower cost of ownership of the foundations for our customers as well as a further optimisation of the manufacturing process," Fred van Beers, Sif CEO.