Technip Buys Ingenium

French oilfield services firm Technip announced Wednesday that it has bought Norwegian offshore engineering company Ingenium.

Ingenium designs and develops mechanical and electro-hydraulic tools and equipment for the offshore oil and gas sector, as well as providing engineering services for marine operations, such as the installation of pipes and cables.

With more than 20 engineers employed within its subsea business, Ingenium last year completed the umbilical lay spread on the North Sea Giant for the Goliat project.

Technip Norway Managing Director Odd Strømsnes commented in a company statement:

"Ingenium brings a team with solid experience and engineering capabilities that reinforces Technip's presence in one of the group's key markets. Technip has a long history of working on projects with Ingenium, we are thrilled that they will be joining the group and complementing our competencies to accompany us in taking it further."

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