Norway’s Aibel Technology & Products manufactures electrostatic coalescers for the enhanced separation of oil and water during the oil production process, hydrocarbon blanketing systems, flare gas ignition systems and flare gas recovery systems. The business had revenues of £13 million in 2008.
“This acquisition represents continued progress on implementing our strategy of expanding the Group’s presence in the offshore oil & gas market. It will bring leading, patent protected, technologies into the Hamworthy Group and provide exciting opportunities for long term growth,” said Joe Oatley, chief executive of Hamworthy.
