SCHIEDAM, NETHERLANDS--(Marketwire - Nov 29, 2012) - SBM Offshore has completed the
divestment of GustoMSC
SBM Offshore is pleased to announce that the sale of GustoMSC, its non-core
design and engineering subsidiary, became unconditional on 28 November 2012
that the approximate $185 million transaction with Parcom Capital has been
SBM Offshore in The Netherlands now exclusively focused on FPSOs
The sale of GustoMSC is a further step in enabling SBM Offshore to pursue
FPSO-driven strategy, allowing its Dutch execution centre in Schiedam to
exclusively on FPSOs and FPSO-related products.
Over the years this execution centre has developed a world-renowned track
in designing FPSOs for the Brazilian market, notably with the
ground-breaking FPSO Espadarte in 2000.
Over the last decade it has developed into a fully equipped execution
with approximately 550 staff, with capacity to design two FPSO projects
simultaneously. The FPSO projects Paraty and Ilhabela, both for client
Petrobras, are currently being designed out of the SBM Schiedam office.
Bruno Chabas, CEO of SBM Offshore commented: "The sale of GustoMSC closes a
chapter in our history and our past association with shipbuilding.
Significantly, our Schiedam execution center, home to an innovative
skills base within the Company, can now focus fully on what we do best:
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Source: SBM Offshore N.V. via Thomson Reuters ONE