MacGregor Buys Majority Stake in Flintstone Technology
MacGregor, part of Cargotec, has acquired 51% of shares of the privately owned company Flintstone Technology Ltd.
Flintstone specializes in technology and products within the mooring and fluid handling business.
“Offshore operators and field owners are looking for cost and weight optimized technologies in order to be more efficient. Flintstone has developed several products that reduce offshore installation time, bring weight savings onboard the floaters, and in some cases even contribute to more safe operations,” says Høye Høyesen, vice president, MacGregor Advanced Offshore Solutions. “Our ownership stake in Flintstone is a good fit for providing these solutions together. Flintstone’s offering complements MacGregor’s portfolio in the offshore segment and also expands our existing product portfolio into new market areas.”
“We are very happy to join MacGregor. We see a lot of potential we can bring along and add value for the customers. Becoming part of a bigger company brings also many benefits, both for customers and our employees,” said Andrew Clayson, managing director, Flintstone Technology.
BW Offshore retains a minority stake in Flintstone.
