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Vard buys engineering firm STX Canada Marine for $13m

Monday, July 7, 2014 - 06:00

VARD Holdings, which designs and builds offshore and specialised vessels, said late on Friday it had acquired a North American marine engineering and design company STX Canada Marine for 65.4 million Norwegian krone (S$13.16 million).The all-cash acquisition is "in line with the group's strategy

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