Brazilian Based Brastec Acquires Dutch SAS

Brazilian Based Brastec Acquires Dutch SAS

Brastec Technologies S.A, a Brazilian-based engineering and equipment producer for flexible pipe and cable manufacturing, is acquiring 100% of the Dutch company SAS, a leading provider of high quality equipment for the offshore market.

The acquisition is complementary in product scope, services, engineering, and brings a deep “know-how” of offshore projects required for the high level of local content desired for future projects in Brazil.

Currently the Brazilian based Brastec supplies equipment for onshore manufacturing facilities for flexible pipes and umbilical cables as well as logistics bases. The European based SAS manufactures flexible and rigid pipe handling and launching equipment, tensioners, and large (Offshore) winches.

The acquisition will lead to a fourfold increase in Brastec’s size. The revenues, already projected to double this year, are expected quadruple with the acquisition, exceeding USD 180 million in 2012. The company will become a Brazilian multinational with global reach, well positioned to meet the world´s demand for both onshore and offshore equipment.

The operation will permit the Brazilian fabrication of a wide range of equipment currently not being produced in Brazil thereby satisfying the local content requirements. For example: Pipelay systems for PLSV´s and heavy duty Winches of up to 750 tons for the deployment of flexible pipes in ultra-deep water. In addition Brastec will gain a base of operations located in Europe – which will facilitate the access and service providing to European and Asian clients both with onshore products (Brastec) and offshore products (SAS). SAS´s main executives Raymond Kerkvliet and Erik Kros will remain at the head of the SAS operations. Both executives are committed to the integration and long term growth plans of SAS and Brastec and are excited about the new prospects that this transaction brings for both companies.

“The pre salt discovery is creating a revolution, impacting Brazil and worldwide markets. With this operation, we take a big step to quadruplicate our size in 2012. In this context, the admission of the O&G FIP – a private equity fund managed by Modal – as our minority shareholder initiated a new phase of growth. It allowed us to strengthen our capital structure and provided support to achieve this acquisition”, affirms Fabio Romano, CEO of Brastec.

“We are following the same path the Norway followed in the past. The pre salt discovery will enable the development of Brazilian multinational companies. The company resulting from the acquisition aims to become a world reference for quality and know-how”, said John Michael Streithorst, Head of Private Equity at Banco Modal.

The flexible pipes and umbilical cables are essential to execution of activities related to offshore exploration of oil and gas. Information provided by ONIP (National Organization of the Petroleum Industry) indicates that the demand for this kind of equipment will reach 17.000 km for the next few years. Currently, the installed capacity in Brazil is 750 km/year. As producer of equipment for manufacturing and handling of flexible pipes, Brastec will benefit directly from investments in this market.

Subsea World News Staff , May 03, 2012;  Image: Brastec

Share this article

Follow Subsea World News

Events>

<< Feb 2016 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 1 2 3 4 5 6

FPSO Europe Congress

 

Pursuing Cost-Optimization & Project Excellence across Europe’s FPSO Value Chain!

Launched to great success in 2015, the FPSO Europe Congress is set to return on 24-25 February 2016 in London for yet another exciting gathering of Europe’s leading oil operators, FPSO contractors, EPCs, shipyards and solution providers to discuss the most topical and critical FPSO developments in the North Sea, Latin America, Brazil and West Africa market.

 

Why Attend the 2nd Annual FPSO Europe Congress?

  • Discover how FPSO leaders are embracing the new realities of a low oil price environment – what are the strategies to adopt in pursuit of viable economical FPSO projects?
  • Brainstorm with industry experts on innovative FPSO engineering, construction and technology breakthroughs leading to significant CAPEX and OPEX savings
  • Review, refine and optimize your existing FPSO operations – how can we enhance oil recovery and extend FPSO asset lifetime?
  • Learn from FPSO experts on the ins-and-outs of delivering successful FSPO projects in North Sea, West Africa, Latin America and Brazil – how can we comply with local content and form effective native partnerships?
  • Engage and form sustainable partnerships with European-based oil companies and FPSO contractors that are leading offshore E&P and FPSO projects in the region

 

2016 FPSO Distinguished Speakers Include:

  • Curtis Lohr, Stones Project Manager, Shell
  • David Hartell, Senior Development Manager, Premier Oil
  • Terry Hughes, Project Director, Tullow Oil
  • Sid Sircar, Facilities Delivery Manager – Catcher Development, Premier Oil
  • Michael Wyllie, Group Technology Director, SBM Offshore
  • Chris Brett, President, Teekay Offshore
  • Puneet Sharma, Vice President, MODEC
  • Eirik Barclay, CEO, Yinson Production

 

The FPSO Europe Congress 2016 is proud to bring you an updated program offering fresh perspectives, creative solutions and critical market intelligence fundamental to FPSO business sustainability as we discuss just HOW and WHAT you can do in pursuit of a viable, efficient and safe FPSO strategy.

For more information please visit the website at http://goo.gl/uvYsrk or email rani.kuppusamy@fpsonetwork.com

 

read more >

Topsides Platforms & Hulls

Topsides, Platforms & Hulls Conference & Exhibition is the offshore industry’s only event dedicated to the topsides, platforms and hulls…

read more >

The 16th North Sea Decommissioning Conference

The 2016-programme has been composed to shed light on the effect of the current low oil-price environment on the decommissioning market…

read more >

Substructures for UK Offshore Wind

Design, construction and installation

Optimising offshore substructures is one of the key challenges for reducing LCOE. Foundation designers have produced a variety of different solutions: monopiles, GBS, jackets, suction buckets and floating foundations. Looking at U.K. projects – different soils, water depths,fabrication timelines and installation challengescreate many questions for the industry to solve. We’re entering uncharted territory; projects arelarger, farther and more complex than ever completed.

Now is the time to have a close look at lessons learnt and define the room for improvement for the U.K. wind industry.

More Info

read more >