ABB ACQUIRES OIL AND GAS ACTIVITIES OF NORWAY'S UMOE.

• Position: Brief Article

The Swiss-Swedish industrial group ABB has issued a statement announcing its acquisition of the oil and natural gas activities of the Norwegian services company Umoe ASA for an undisclosed sum. The acquisition is described by ABB's Managing Director, Goeran Lindahl, as a step forward in the group's strategy of extending its service activities and increasing its presence on...