Addtech acquires Control Cutter AS
Addtech Industrial Solutions, a business area in the Addtech Group, has today signed an agreement to acquire 89 % of the shares outstanding in Control Cutter AS (”Control Cutter”). Control Cutter provides leading technical solutions to the global offshore market for the decommissioning of oil and gas wells. Through its patented solutions the company offers efficient, safe and reliable conductor recovery and subsea cutting. Control Cutter has 18 employees and a turnover of approximately NOK 160 million with headquarters in Tananger, Norway. “Control Cutter’s leading technical solutions