KONGSBERG OIL & GAS TECHNOLOGIES ACQUIRES SEAGEAR AS
Stavanger based design and engineering firm to integrate with Seaflex business unitKongsberg Oil & Gas Technologies AS (KOGT), a wholly owned company of KONGSBERG, has acquired 100% of the shares in the Stavanger, Norway based Seagear AS. The acquisition, which completed today (30th June 2011), will see the entire Seagear team join forces with KOGT’s Seaflex Riser Technologies Business Unit. Seagear was founded in 2008 and currently has nine employees. It is a technology focused company specialising in subsea umbilicals, risers and flowlines (SURF projects), and offers engineering,