WorleyParsons Completes Bergen Group Rosenberg Transaction (Norway)

  • Business & Finance

WorleyParsons Completes Bergen Group Rosenberg Transaction

WorleyParsons announces the successful completion of the acquisition of 100% of the shares of Bergen Group Rosenberg AS on 28 February 2013 for a cash consideration of NOK 1,088 million (including more than NOK 200million of acquired cash).

Rosenberg is a wholly-owned subsidiary of Bergen Group ASA, a listed Norwegian company. Completion of the acquisition is expected by the end of February 2013.

Rosenberg currently employs approximately 650 people. Operating in a fully-integrated engineering, fabrication and construction environment, Rosenberg has a strong track record in the offshore oil and gas front end engineering and design, reimbursable EPC, long-term maintenance, modifications and operations, subsea fabrication, installation and hook-up markets.

March 1, 2013

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