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Bekaert Acquires the Majority Shares of Flintstone Technology Ltd to Further Strengthen its Offering in Offshore Mooring Solutions - Bekaert acquires the majority shares of Flintstone Technology Ltd. to further strengthen its offering in offshore mooring solutions - Flint-Tech.com / Bekaert.com
Bekaert Acquires the Majority Shares of Flintstone Technology Ltd to Further Strengthen its Offering in Offshore Mooring Solutions

 

PRZOOM - /newswire/ - Zurich, Switzerland, 2023/12/01 - Bekaert acquires the majority shares of Flintstone Technology Ltd. to further strengthen its offering in offshore mooring solutions - Flint-Tech.com / Bekaert.com. Euronext: BEKB

   
 
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Bekaert (bekaert.com) today announces the acquisition of 75% of shares in Flintstone Technology Ltd Flintstone (flint-tech.com), based in Dundee Scotland, provides mooring technology solutions, systems design and testing capabilities for the global offshore energy markets. It offers a range of products and services including connectors and tensioners for permanent mooring.

Bekaert’s ambition is to be the leading partner for shaping the way we live and move and to do this in a way that is safe, smart, and sustainable. The energy transition is key to our growth, and in particular the emerging floating offshore wind industry where the move towards deeper waters requires rope solutions to permanently moor turbines to the seabed.

Floating offshore wind turbines are expected to create a substantial demand for Flintstone’s products including tensioning and connection.systems which simplify and reduce hook up time and enable efficient and fast disconnection.

The combination with Flintstone will increase Bekaert’s offering in permanent mooring systems. Bekaert’s MoorLine synthetic ropes have been specifically designed for floating offshore wind applications where customers demand reliable ropes that ensure floaters stay put in the most challenging conditions. By combining Flintstone’s connector and tensioner products with Bekaert’s established MoorLine synthetic ropes, customers can now access a single synthetic mooring line solution from anchor to floater.

Christof Dewijngaert, General Manager Synthetic Ropes of Bekaert commented: ‘We are delighted to welcome the Flintstone team into the Bekaert family. They bring a wealth of experience and expertise in system design and component supply on board. With Flintstone, and our existing partners TFI Marine and Applied Fiber we are ready to support offshore operators with a reliable and effective total synthetic mooring solution.”

Andrew Clayson, Managing Director of Flintstone Technology Ltd commented: ”We very much look forward to joining Bekaert and being part of the integrated mooring solutions offering from the group.”

Disclaimer
This press release may contain forward-looking statements. Such statements reflect the current views of management regarding future events, nd involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Bekaert is providing the information in this press release as of this date and does not undertake any obligation to update any forward-looking statements contained in this press release in light of new information, future events or otherwise. Bekaert disclaims any liability for statements made or published by third parties and does not undertake any obligation to correct inaccurate data, information, conclusions or opinions published by third parties in relation to this or any other press release issued by Bekaert.

About Bekaert

Bekaert’s ambition is to be the leading partner for shaping the way we live and move, and to always do this in a way that is safe, smart, and sustainable. As a global market and technology leader in material science of steel wire transformation and coating technologies, Bekaert (bekaert.com) also applies its expertise beyond steel to create new solutions with innovative materials and services for markets including new mobility, low-carbon construction, and green energy. Founded in 1880, with its headquarters in Belgium, Bekaert is a global company whose 27 000 employees worldwide together generated almost € 7 billion in combined revenue in 2022.

Bekaert - Investor Relations: Guy Marks
T +32 56 76 74 73 - E: guy.marks[.]bekaert.com.

 
 
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Bekaert Acquires the Majority Shares of Flintstone Technology Ltd to Further Strengthen its Offering in Offshore Mooring Solutions

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Flintstone Technology Ltd | Bekaert
Contact: Katelijn Bohez - Bekaert.com 
+32 56 76 66 10 katelijn.bohez[.]bekaert.com
 
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