NORWAY - HitecVision creates new oil services company
HitecVision has merged the former Technor companies Bennex AS, Poseidon Group AS and Altra Eneregy Ltd to form Subsea Technology Group AS (STG). The newly formed group has also acquired Ross Offshore AS and Ross Drilling AS. The combined group will have 465 employees, and revenues for 2008 are expected to exceed NOK 850m.
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