Bergen Group Rosenberg has today signed a contract for acquisition of the majority shareholding (60%) in the engineering company Origo Process AS in Stavanger.
Origo Process AS is a well-established supplier of process expertise to the oil and gas industry, and the acquisition will strengthen both the engineering capacity and the process competence for the offshore division in Bergen Group.
The acquisition is based on a LOI established in early February this year.
Origo Process AS supplies process expertise to the oil and gas industry, and their vision is to be a leading supplier of such expertise in Norway. Currently Origo Process AS consists mainly of process engineers, supported by mechanical/piping/layout engineers. With their unique background the employees in Origo Process have experience that ranges from early phase, static and dynamic simulations, engineering and operations. Their customer list consists of various oil companies, such as Statoil, BP, Marathon Oil, Talisman and ConocoPhillips.
The plan is to develop Origo Process as an independent company and a process house – with good operational bonds to Bergen Group’s strong engineering department.
“For a long time Bergen Group Rosenberg has worked on developing and increasing the engineering capacity of the company. The purchase of the majority shareholding in Origo Process AS is one of the actions that help strengthen our current growth” , says Kristin Færøvik, CEO in Bergen Group Rosenberg and EVP for Bergen Group Offshore.
Bergen Group Rosenberg is a fully owned subsidiary company of Bergen Group ASA, and constitutes an important part of the corporation’s offshore division. Bergen Group Rosenberg has currently around 600 employees, including an engineering environment of about 200 people.
[mappress] Source: Bergen Group, March 23, 2012