Global maritime industry group Wilhelmsen has increased its stake in offshore logistics firm NorSea Group to 72%.
Wilhelmsen, headquartered in Lysaker, Norway, originally acquired 35.4% of NorSea Group in 2012 and raised its stake to 40% two years later.
NorSea has a UK subsidiary — NorSea Group (UK) — which was set up in 2013.
It has supply bases in Aberdeen, Montrose and Peterhead.
Wilhelmsen controls the world’s biggest maritime network providing products and services to the merchant fleet while also supplying supply crew and technical management to many offshore vessels.
The transaction will be finalised later this month.
Wilhelmsen chief executive Thomas Wilhelmsen said: “We have had an exposure towards the oil and gas industry since we bought a share of NorSea Group in 2012. With an ambition of being a long-term and active player in primarily this industry, but also the offshore wind industry, we look forward to develop NorSea Group further.”
NorSea Group chief executive John Stangeland said: “It is with great pleasure we are announcing that Wilhelmsen now has increased its shareholding in NorSea Group. With our core competence and Wilhelmsen’s global network and 156 years of experience and expertise, we see interesting opportunities ahead to the benefit of customers, suppliers and those of us who make up NorSea Group.”
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