Joint venture for offshore handling systems established
01. July 2011
| Editorial staff Ship&Offshore
The new company will be registered in Norway. STX OSV will hold 51% of the shares, and ICD the remaining 49%.
The combined efforts by the two joint venture partners are expected to create new opportunities in several stages of the offshore value chain, exploiting synergies with STX OSV Electro and STX OSV’s capabilities in Romania.
The establishment of the joint venture is part of STX OSV’s strategy to stay at the forefront of the industry by expanding its R&D capabilities. Through focused investments in research and development, STX OSV aims to strengthen its ability to develop and introduce vessels equipped with cutting-edge innovation and technology.
