Singapore’s Vallianz Holdings has acquired a 45% share in Holmen Heavy Lift Offshore for $2.85 million.
Holmen, a company incorporated in Singapore in 2011, is an investment-holding company.
Holmen owns three submersible launch barges which are primarily used for the transportation and installation of jackets during the field development phase of the oilfield life cycle.
Explaining the motives behind the transaction Vallianz has said that in order to achieve its goal of becoming a leading global player in the dynamic and rapidly growing offshore marine industry, the Company has been actively executing initiatives to expand its asset base, strengthen its operational capabilities and broaden its geographical coverage.
Vallianz has added that the acquisition of interest in Holmen will diversify its product offering to include construction support vessels.