Oceanteam Becomes 100 Pct Strategic Owner of KCI

Oceanteam announced that it has exercised its option to buy the remaining 30% shares of KCI design engineers. KCI is a multi-discipline engineering company, employing over 150 engineers and has offices in Schiedam, The Netherlands and Hamburg, Germany.

As a result of this transaction, Oceanteam is now the 100% strategic owner of KCI design engineers. The shares were bought from the previous management team at confidential terms.

Through this strategic purchase, Oceanteam can speed up the already initiated investment program and support the company with its growth plans going forward expanding its unique and true multi-discipline design engineering services.

For over 25 years KCI has been providing quality engineering services to a well-established base of international customers in various industries ranging from Oil & Gas and Shipping to Offshore Renewables. Since Oceanteam became a strategic shareholder in 2008, KCI’s activities have shown a steady and healthy growth which has supplied a good workload to the team of over 150 highly qualified engineers.

KCI is a financially sound company and has a solid order-book. Projects have grown from single engineering discipline services to multi-disciplinary full scope engineering services for renowned and returning customers that seek the company’s professional engineering assistance.

The board and management of KCI are confident that, due to this buyout, their team of skilled and professional engineers will get new impulses as a result. The company will continue to focus on costumers’ requirements by delivering relevant, top quality and innovative engineering solutions through its growing team.

Press Release, February 21, 2014