Siem acquires FSG

摘要

German shipyard Flensburger Schiff-bau-Gesellschaft (FSG) has a new owner: Norwegian-controlled, Cayman Islands-registered Siem Industries, Inc. The take-over is expected to strengthen FSG's position in the offshore market. "Siem Industries is a successful, globally expanding and financially strong family-owned enterprise. It allows us-the Flensburger Shipyard-to continue our successful developments in the global offshore-market," says Peter Sierk and Frank Bywater, Managing Directors at the shipyard. The Siem Group of companies operates 145 vessels and has a controlling interest in Siem Offshore and oil service company SubSea 7.