Rome Buys Kongsberg Evotec
- Business & Finance
Kongsberg has entered into an agreement with family-owned investment company Rome AS to divest Kongsberg Evotec.
As a result of the acquisition of Rolls-Royce Commercial Marine, Kongsberg had to meet regulatory requirements regarding competition in the market for seismic vessel deck equipment.
Specifically, Evotec is divested to ensure regulatory approval of the acquisition of Rolls-Royce Commercial Marine which has a unit that covers Evotec’s market area.
The parties have agreed not to disclose the price of the transaction. Closing date will be January 21, 2019.
Ulsteinvik-based Kongsberg Evotec was established in April 2006.The company is providing seismic handling systems and offshore supply & subsea.