Rolls makes £66m offshore investment
Rolls-Royce today (29 June) announced that it is to purchase a one third share of the Norweigan firm ODIM, a provider of specialist marine handling systems to the offshore oil and gas industry. The stake will cost Rolls around £66 million.
Rolls-Royce said it had a strong and growing presence in the offshore oil and gas
Sector and the new investment created the opportunity for the two companies to work more closely together to provide customers with a broader product and service offering, including ODIM's automated handling systems for seismic and subsea applications.
Rolls-Royce Marine president John Paterson said: "ODIM has a strong market position and a good product and service portfolio with significant long-term prospects. The offshore sector is core to our marine strategy and our investment in ODIM will facilitate further cooperation between our two companies."
