Steinsvik Group confirmed it acquired Norwegian equipment supplier Ocea. At the same time, Kverva has secured a 50 percent of Steinsvik's shares through a rights issue and share purchase in the group.
"Steinsvik Group today [Monday] acquired 100 percent of shares in Ocea Gruppen AS, including its subsidiaries," the company said in a press release.
"This is a milestone for us," Bjorn M. Apeland, CEO of Steinsvik said.
"We want to build a global company and have great ambitions for the future. Both companies have leading products in the sector and the acquisition enables us to build on common synergies.
"This
