July 28, 2016 10:56 PM ET

Construction and Engineering

Company Overview of PREZIOSO Linjebygg SAS

Company Overview

PREZIOSO Linjebygg SAS provides multidisciplinary technical and engineering services primarily for oil and gas, and power generation sectors, as well as naval, infrastructure, and other industries internationally. It designs and implements inspection programmes; and performs planned/unplanned maintenance, repairs, shutdown services, minor and major modification projects, and decommissioning support services. PREZIOSO Linjebygg SAS was formerly known as Prezioso-Technilor SAS and changed its name to PREZIOSO Linjebygg SAS in January 2015. The company was founded in 1957 and is based in Vienne, France with locations in Molde, Norway; Zeebrugge, Belgium; Madrid, Spain; Abu Dhabi, United Arab Em...

Bâtiment Louisiane, Espace St Germain

30, avenue Général Leclerc

CS 20389

Cedex

Vienne,  38217

France

Founded in 1957

Phone:

33 4 74 56 42 28

Fax:

33 4 74 56 34 06

Key Executives for PREZIOSO Linjebygg SAS

Chief Executive Officer and President
Executive Vice-President of Finance, IT & Procurement
Senior Vice-President of Technology & Expertise
Senior Vice-President of Legal
Senior Vice-President of Human Resources & HSE
Compensation as of Fiscal Year 2016.

PREZIOSO Linjebygg SAS Key Developments

Cinven In Exclusive Negotiations To Sell Prezioso To Altrad

Cinven Limited announced that it has entered into exclusive negotiations to sell Prezioso-Technilor SAS to Altrad SA for an undisclosed consideration. Pierre Estrade, Senior Principal at Cinven, said, "We believe that Altrad has a clear and ambitious vision for Prezioso which will provide the Group with new addressable market opportunities and further significant growth prospects. We wish the Prezioso and Altrad management teams every success going forward." Olivier Dufour, Chief Executive of Prezioso, said, "We are delighted that Cinven has entered into negotiations with Altrad, the European leader in its chosen markets and a Company that shares our values and our vision for the future development of our combined group. We consider that Altrad is the ideal partner for the future, which is excellent news for all of our stakeholders." Mohed Altrad, President of the Altrad Group, commented, "Prezioso will be another huge step in the implementation of our strategy towards recurring services businesses. Advisors to Cinven and Prezioso on the transaction were: Rothschild Inc., Clifford Chance LLP and Deloitte as commercial advisor. Advisors to Altrad were Latham & Watkins LLP as legal and Ernst & Young as commercial, tax and legal advisor.

Prezioso Linjebygg AS Secures Contract for ISO Maintenance Services at Sture and Kollnes

Statoil has awarded the contract for ISO (insulation, scaffolding and surface treatment) maintenance services at Sture and Kollnes to Prezioso Linjebygg AS. At Kollsnes the contract has been awarded on behalf of the operator Gassco. The contract has a value of NOK 1.1 billion over the 10-year contract period. Maintenance contracts for all of the company's facilities are being reviewed and included in the ongoing ISO re-negotiation process. Prezioso Linjebygg AS recently established a Bergen office in connection with another contract. Running for 10 years, the new contract will take effect immediately after signing. The contract value is estimated at a total of NOK 1.1 billion. The contract will apply to the ISO disciplines, as well as rope access technique, rigging and other related tasks.

Beerenberg Corp and Prezioso Linjebygg Wins Two New Long-Term Contracts from Statoil

Statoil ASA has awarded two new, long-term contracts with an estimated value of NOK 11 billion for insulation, scaffolding and surface treatment services to Beerenberg Corp. AS and Prezioso Linjebygg AS. They will provide services to twenty of the company's twenty nine installations on the Norwegian continental shelf when the contracts take effect. Carried out on all installations on the Norwegian continental shelf, as well as all onshore plants in Norway, these services have ripple effects in many parts of the country. Taking effect in the first quarter of 2016, the contracts have an estimated total value of NOK 11 billion over the 15-year contract period. The two new contracts will replace the company's existing contracts with these two suppliers regarding NCS services.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 17, 2016
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