ODIM Gets Okay for JMC Acquisition

As announced on July 4, ODIM has entered into a Share Purchase Agreement (SPA) to acquire Stavanger-based JMC. The agreement was subject to due diligence and board approval. The due diligence is now completed and the board of ODIM has approved the acquisition.

In accordance with the SPA the final transfer of JMC shares and payment of cash and issuing of ODIM shares will take place after the mergers between JMC AS, JMC Progress AS and JMC Subsea AS have been completed. ODIM expect this will be completed during December 2007.

The acquisition of JMC gives ODIM first class expertise and valuable engineering capacity that will be important in realizing the substantial potential for ODIM within the subsea and deepwater segments.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Director, Business Development
Expertise: Business Development
Location: Hanover, MD
Senior Attorney - Royalties Job
Expertise: Legal
Location: Houston, TX
Senior Attorney - Supply Chain Legal Advisor Job
Expertise: Legal
Location: Houston, TX
search for more jobs

Brent Crude Oil : $50.8/BBL 0.13%
Light Crude Oil : $47.55/BBL 0.08%
Natural Gas : $2.94/MMBtu 0.67%
Updated in last 24 hours