05.03.2015
Muehlhan AG DE000A0KD0F7
DGAP-News: Muehlhan AG: Muehlhan Group expands service in the Oil & Gas Industry
DGAP-News: Muehlhan AG / Key word(s): Acquisition
Muehlhan AG: Muehlhan Group expands service in the Oil & Gas Industry
05.03.2015 / 10:54
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PRESS RELEASE
Muehlhan AG: Muehlhan Group expands service in the Oil & Gas Industry
Hamburg, 5 March 2015 - Muehlhan AG (Entry Standard; ISIN DE000A0KD0F7) has
acquired 60% of the shares of Norwegian 'Marine Service International AS'
("MSI") with the option to acquire in a second step all remaining shares in
2017. MSI operates world-wide a mobile shipyard service carrying out
planned maintenance and repairs on offshore units like FPSO ("Floating
Production Storage and Offloading") and large oceangoing vessels. By
carrying out essential maintenance and repair either on station or on
voyage, MSI's oil & gas clients can maintain their units on station without
disruptive and costly shipyard visits while shipping clients can keep their
5 year dockings to a minimum. MSI provides steel repairs, blasting &
coating, interior upgrades, pipe-fitting and other related services using a
multi-skilled and flexible workforce from offices in Norway, Singapore, Rio
de Janeiro, Lagos/Port Harcourt and Gdynia. MSI is DNV certified according
to ISO 9001 and approved by all major oil companies. MSI was founded in
1995 by Tormod Kristiansen, who retired from his operational duties and
became member of the supervisory board in order to share his knowledge,
experience and to ensure future growth. The management responsibility has
been taken over by Roy Nedal, who already was in charge of operations since
2010 and has successfully expanded the company's business since then.
_____________
About Muehlhan: Worldwide, the Muehlhan Group is a reliable partner in
industrial services and high-quality surface protection. As one of the few
full-service providers, we offer our customers a broad range of services
designed to meet the exacting quality standards expected in professional
industrial services. Our customers benefit from our exceptional
organizational skills, on-time delivery, the technical expertise that
differentiates us from our competitors and our more than 130 years of
experience.
Our operations are divided into five business segments: Ship Newbuilding,
Ship Repair, Energy, Industry and Other Services. With our workforce of
more than 2,300 employees at over 30 locations worldwide, we generated
sales revenues of EUR 208 million in 2013. We intend to use this stable
foundation to further expand our business in the coming years and to
continue moving our Group forward through proximity to our customers in the
global market.
For more information, visit www.muehlhan.com.
Press contact: Muehlhan AG; Tel: +49 40 75271-150; E-mail:
[email protected]
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Language: English
Company: Muehlhan AG
Schlinckstrasse 3
21107 Hamburg
Germany
Phone: +49 40 75271 0
Fax: +49 40 75271 130
E-mail: [email protected]
Internet: www.muehlhan.com
ISIN: DE000A0KD0F7
WKN: A0KD0F
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Munich, Stuttgart; Open Market (Entry Standard)
in Frankfurt
End of News DGAP News-Service
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330315 05.03.2015
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