Offshore engineering and infrastructure firm Vallianz International has acquired a 75 percent stake in Holmen Heavylift Offshore for a reported US$6.4 million.
The deal will see Singapore-based Holmen become a subsidiary of parent company Vallianz Holdings. Holmen Heavylift Offshore was founded in 2011 and owns, operates, and charters shipping vessels. It is primarily engaged in project cargo and heavy-lift projects in the oil and gas sector with a focus on transport and installation of oilfield jackets.
Vallianz Holdings’s board acquired 75,000 ordinary shares of Holmen Heavylift Offshore which are valued at US$6.4 million based on Holmen’s unaudited financial statements for the year ended Dec. 31, 2015.
Vallianz Holdings provides offshore support vessels and integrated offshore marine solutions to the oil and gas industry. Headquartered in Singapore, Vallianz serves oil majors and national oil companies worldwide, and operates a fleet of 66 offshore support vessels, including joint ventures and associates’ vessels.
