Grant Thornton advises on the sale of Kongsberg Maritime’s camera business to Imenco

Grant Thornton UK’s corporate finance team in Aberdeen has advised Kongsberg Maritime, a subsidiary of Norway-based Kongsberg Gruppen, on the sale of its business within subsea camera and harsh environment CCTV systems to Imenco.

The divestment of is part of the Group’s ongoing strategy to adjust and focus its business portfolios.

Imenco is a leading technology company within design, development and manufacture of helicopter fuel systems, diving systems, lifting and handling products and subsea cameras.

The company was established in 1979 and is headquartered in Haugesund, Norway. Imenco has delivered subsea cameras for more than 25 years to the offshore-, research- and subsea markets.

The transaction was completed and signed yesterday, with the new business operating as Imenco UK Ltd.

Ian Knott, director of corporate finance for Grant Thornton UK in Aberdeen, said: “Grant Thornton UK’s Aberdeen team is very pleased to have worked on this transaction. It highlights the increasing activity and movement we’re currently witnessing in the energy market and the region’s wider economy. But, it also recognises our firm’s growing reputation in the north east of Scotland, providing support to dynamic, ambitious and globally focused businesses.”