Royal IHC, a Dutch supplier of equipment, vessels and services for the offshore, dredging and wet mining markets, acquires engineering and consultancy company KCI The Engineers from Oceanteam.
IHC plans to maintain KCI The Engineers as an independent brand and operating company w[ds_preview]hich will continue to serve external clients whilst also working on IHC projects. Oceanteam will continue to have access to all intellectual property built up over the years in relation to Oceanteam‘s vessels, carousels and other assets.
Furthermore, Oceanteam continues to have access to KCI‘s engineering capabilities through a long term Service Level Agreement (SLA) between IHC and Oceanteam. This will provide Oceanteam with all necessary engineering support to pursue further growth of its Solutions and Shipping divisions. Oceanteam will continue to comprise of two operating segments, Shipping and Solutions.
Oceanteam will use the proceeds of the sale to improve the Company‘s liquidity and to reduce outstanding debts. The transaction is not subject to regulatory approval.
