WorleyParsons Completes Rosenberg Acquisition, Norway

WorleyParsons announces the successful completion of the acquisition of 100% of the shares of Bergen Group Rosenberg AS on 28 February 2013.

WorleyParsons acquired 100% of the shares of Rosenberg for a cash consideration of NOK 1,088m (including more than NOK 200m of acquired cash). Rosenberg is a wholly-owned subsidiary of Bergen Group ASA, a listed Norwegian company.

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.

The company has provided more than 100 years of continuous service to the maritime and offshore oil and gas industries, supplying high quality solutions engineered and fabricated at its facilities in Norway’s oil capital, Stavanger.

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Press Release , March 01 , 2013