Rolls-Royce has announced its intention to purchase a 33 per cent stake in the Norwegian provider of marine handling systems, ODIM ASA, for up to £66m. According to the company, the deal will help strengthen its presence in the offshore oil and gas sector, and allow it to provide customers with a broader product and service offering, including ODIM’s automated handling systems for seismic and subsea applications.
John Paterson, president Rolls-Royce Marine, 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.’