Hampidjan to acquire a 75.1% stake in Kohinoor ropes.

Hampidjan, a provider of a range of products and services for the offshore industry, agreed to acquire a 75.1% stake in Kohinoor Ropes, a rope manufacturer, exporter, and supplier. Financial terms were not disclosed. "The acquisition of the majority stake in Kohinoor will increase Hampidjan’s competitiveness and increase our chances of being one step ahead of our competitors in the coming years with the optimization that can be achieved in a short time. We look forward to work with our valued partner, Kohinoor, in the years to come," Hjörtur Erlendsson, Hampidjan CEO.