NOV buys NKT Flexibles

Offshore staff

LUXEMBOURG – NKT Holding A/S and Subsea 7 S.A. have agreed to sell NKT Flexibles to National Oilwell Varco for DKK 3.8 billion ($669 million). Subject to customary closing conditions, the transaction is expected to close during the first half of 2012.

Since 1999, NKT Flexibles has operated as a joint venture between NKT Holding A/S (51%) and Subsea 7 S.A. (49%).

2/3/2012

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...