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Vard buys engineering firm STX Canada Marine for $13m
Published Sun, Jul 6, 2014 · 10:00 PM
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 of increasing its engineering and design capacity and growing its bu…
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