Bjorge Acquires Aker Kvaerner's Topside Pumps Activities

Bjorge ASA has signed an agreement with Aker Kværner Subsea AS to acquire its activities within topside pumps. Bjorge takes over the technology and assets required in order to be able to manufacture and market the topside pumps developed by Aker Kværner (Eureka pumps). The agreement further enables Bjorge to service all topside pumps supplied by Aker Kværner within the onshore and offshore oil & gas segment in Norway and abroad.

Bjorge will now start further development and marketing of topside pumps to the oil and gas industry with a basis on the pump technology developed by Aker Kværner since the early 1970s. The agreement entails a strengthening of Bjorge's existing pump activity in that it allows it to offer Eureka pumps to the market, in addition to its existing pump portfolio. Bjorge has during the last year built up a separate pump operation that is now expected to see considerable growth as a result of the installed pump base of Aker Kværner.

The agreement that has now been signed with Aker Kværner, in combination with Bjorge's co-operation with Flowserve, gives Bjorge the opportunity to emerge as a leading and complete supplier of pumps / pump systems with associated service to the oil and gas industry.

The agreement will strengthen Bjorge in its development as a high-tech and high-competence company.

The agreement is subject to the approval of the Norwegian Competition Authority.

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