OCEANTEAM acquires Marine Cable Installation Assets

Oceanteam Power & Umbilical ASA announced today that it has agreed main terms with the curator of Bohlen & Doyen for the purchase of the Marine Cable Installation assets of Submarine Cable & Pipe GmbH & Co.
Submarine Cable & Pipe Gmbh is a subsidiary of the insolvent Bohlen & Doyen Group from Wiesmoor, Germany. The agreement is only subject to conclusion of final agreements and OPU board approval.