Imenco buys Malm Orstad AS and will further develop the company
8th January 2020
Imenco AS has purchased Malm Orstad AS. The new owner has ambitious development plans for Malm Orstad AS and through the Imenco group’s industrial capacity and expertise, the company provides a solid platform for further growth.
Malm Orstad is located at Voll in Klepp Municipality and today mainly produces advanced mechanical and hydraulic products for the oil and gas industry. In recent years, the company has also worked to position itself in other markets such as the aquaculture industry at sea and the defense industry. The Imenco Group has a business office and workshop facilities near Haugesund. They supply equipment and underwater solutions to, among others, the oil and gas industry nationally and internationally, to the aquaculture industry and to offshore renewable energy.
Owner and CEO of the Imenco Group, Geir Egil Østebøvik, emphasizes that the company has an ambitious industrial development strategy for Malm Orstad AS:
“Malm Orstad will become an integral part of the Imenco Group. The business is optimized and further developed, while at the same time we want to give the company a larger toolbox and broader expertise in various product areas. We also consider other market areas and Voll in Klepp municipality is a favorable location in relation to the oil gas, maritime industry, and the aquaculture industry”, says Geir Egil Østebøvik, owner and CEO of the Imenco group.
Managing Director of Malm Orstad is Lauritz Haringstad Løvø:
“We welcome the new owner and we look forward to a good future with the new owner. Together we will develop the company and create value for the owner, employees and the community”, says CEO Lauritz Haringstad Løvø of Malm Orstad AS.