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Stock Market & Financial Investment News

News Breaks
May 27, 2014
08:33 EDTMRCMRC Global to acquire Hypteck in Norway
MRC Global announced that it has entered into a definitive agreement to acquire privately held Metron Holding AS, the parent holding company of Hypteck AS. Hypteck is a Norwegian provider of instrumentation and process control products to the offshore, marine and onshore industries with a focus on the Norwegian Continental Shelf. The company also provides instrumentation and process control system solutions to capital offshore projects around the world. Hypteck's 2013 revenues were $38M. After closing, the company will operate as MRC HypTeck.
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