Norway: TTS Group Sells Drilling Equipment Business to Cameron

Norway TTS Group Sells Drilling Equipment Business to Cameron

TTS Group ASA announced it has finalized its sale of the drilling equipment business to Cameron in an all cash transaction.

CEO & President of TTS Group, Johannes D. Neteland said: ” This divestment is an active step by TTS to participate in the on-going further developments of the drilling equipment industry, and is industrially right for both the group as whole and for its drilling equipment business unit”.

TTS is one of the top three largest suppliers in its specialized market segments that designs, develops and supplies equipment for the marine and oil and gas industries.

Subsea World News Staff , June 06, 2012;  Image: TTS Group