NOV Finalizes Acquisition of NKT Flexibles

Further to the announcement dated February 3, 2012, the Boards of NKT Holding A/S and Subsea 7 S.A. entered into a conditional agreement concerning the sale of NKT Flexibles.

Closing has been completed and NKT Flexibles has therefore been transferred to National Oilwell Varco (NOV) on the terms previously notified.

NKT Flexibles has supplied commercial flexible pipe systems since 1968. Today, the company offers a full range of tailored solutions based upon unbonded flexible pipe applications including all required ancillaries, such as mid-water and buoyancy structures, stiffeners, restrictors, etc., engineered to convey fluids safely under even the most extreme conditions.

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Offshore Nieuws Staff, April 05, 2012; Image : NKT