CIMC acquires foreign offshore assets

Beijing: China International Marine Container (CIMC) has successfully acquired a 90% stake in Swedish company Bassoe Technology to further strengthen its position in the international offshore market.
CIMC has vast experience building deepwater offshore equipment such as semi-submersible rigs and jack-up rigs through its Yantai-based arm CIMC Raffles.
The purchase of Bassoe Technology will improve the company’s offshore engineering design ability, diversify its current product range and further expand the European market, the company said in a statement. [16/12/13]

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