Ulstein grows its Dutch business

The MOU is expected to result in an Ulstein operational business in the Netherlands by July 2011, to be known as ‘Ulstein IDEA Equipment Solutions’. It will combine Ulstein’s offshore vessel design, marine equipment packages and construction capabilities with mission equipment design and construction fromf IDEA Heavy Equipment and provide the interfaces.

Ulstein says this is its second venture in The Netherlands after the purchase of the majority share in Ulstein Sea of Solutions in 2008.

“The successful cooperation with Ulstein Sea of Solutions has made us very confident that the cooperation with IDEA should also further enhance Ulstein’s foothold in the heavy offshore segment of the market”, says Tore Ulstein, COO of design & solutions in Ulstein. “Therefore we have appointed managing director at Ulstein Sea of Solutions, Bob Rietveldt, as managing director of the new company to work in close cooperation with both Arjan Boezeman and Gilbert Rezette, the owners of IDEA Heavy Equipment.”