MRC 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.
News For MRC From The Last 14 Days
Check below for free stories on MRC the last two weeks.
Outlook for MRC Global positive into Q2 earnings, says KeyBanc KeyBanc expects MRC Global to report solid Q2 results and raise its guidance modestly. The firm expects the company's organic growth to be boosted by ramping frame agreements. It keeps a $32 price target and Buy rating on the shares.