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Announced

Completed

Norsea Group and IKM Group completed the acquisition of Energy Innovation from Aria Asset Management.

Synopsis

Norsea Group, an oil field equipment supplier, and IKM Group, a service provider for the energy industry, completed the acquisition of Energy Innovation, a center of excellence within education, training and certification of wind service technicians, from Aria Asset Management, an asset management firm. Financial terms were not disclosed. "When offshore wind is fully developed on the Norwegian continental shelf, considerable expertise and capacity are needed to ensure value creation in Norway in all phases, from planning and development to long-term operation of the facilities. The future perspective for wind power in Europe involves tens of thousands of jobs for operators and wind technicians and a great demand for professionals in mechanical and electrical fields. We will play a role there," John Stangeland, NorSea CEO and Ståle Kyllingstad, IKM CEO.

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