MONACO – SBM Offshore (AMS:SBMO) has agreed to sell offshore engineering design specialists GustoMSC to Parcom Capital, a private equity group, for $185 million.
SBM says the transaction is a first step in its $400-million divestment program of “non-core” assets, announced in August.
Bruno Chabas, CEO of SBM Offshore said: “This transaction allows SBM Offshore to release substantial capital and focus exclusively on FPSOs, and associated products and services.”
Nils van Nood, managing director of GustoMSC, said: “We are fully confident that we can continue to further develop our market position as reputable and independent designer of mobile offshore units. This new ownership enables us, our clients, and other business partners to continue our business as usual.”
GustoMSC, based in Schiedam, the Netherlands, provides a range of proprietary design for offshore exploration, construction, and production. These include jackups, semisubmersibles, and monohull vessels.