American NOV Buys GustoMSC
Houston rig and equipment builder National Oilwell Varco (NOV) has bought GustoMSC, a Dutch rig design and engineering firm.
According to the Houston Chronicle, NOV, a rig equipment company, hopes to 'expand and further vertically integrate its offshore rig business' through the acquisition now that oil prices are on the rise again.
GustoMSC is an independent design & engineering company of mobile offshore units and equipment and has offices in Schiedam, the Netherlands, and Houston, Texas. In 2012, the company was sold for approximately $ 185 million to Dutch private equity firm Parcom Capital.
NOV has not revealed the acquisition price.
Picture: The wind turbine installation jack-up Sea Installer is one of GustoMSC's Milestone Units (by GustoMSC/from SWZ|Maritime February 2017).