Royal IHC acquired a majority stake in Brazilian-based Brastec Technologies.
Brastec Technologies designs and builds custom production lines for the production of umbilicals and flexible pipes. The company said the agreement allows them to enter the Brazilian market and also gain Dutch-based SAS Offshore, which was fully owned by Brastec Technologies.
“These investments are a good fit for our strategy of internationalization, and strengthening our position in the offshore market,” says IHC’s CEO Bram Roelse. “With a foothold in Brazil, we are able to meet the demand for local content and service our customers with better regional facilities."