One-Page Deal Sheet
Vard Holding to Acquire STX Canada Marine
Vard Holding Ltd Stx Canada Marine Inc
Announced Date
July 05,2014
Transaction Type
Corporate
Location
Region
Canada
Country
Canada
Transaction Details: Subscribe to see
Vard Holdings Limited, one of the major global designers and shipbuilders of offshore and specialized vessels, is pleased to announce that it has acquired STX Canada Marine Inc., a leading marine engineering and design company with more than 30 years history in North America, for approx. NOK 65 million.
Headquartered in Vancouver, Canada, with branch offices in Ottawa and Houston and a workforce of over 75 employees, the new acquisition will be fully integrated with Vard Marine Inc., and operate under the Vard Marine name. The management directed by President Dave McMillan will continue…
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