Aibel

Infobox Company
company_name = Aibel Group Ltd
company_
company_type = Private
foundation = 2007
location = flagicon|UK UK
key_people = Gary M. Wilson (CEO)
area_served = Upstream Oil & Gas Industry
industry = Private Company
products = Advanced separation, gas and drilling technology solutions
revenue = profit NOK
operating_income =
net_income =
num_employees = 7,000 (2007)
parent = Herkules Capital and Ferd Capital
subsid = Aibel UK Ltd, Aibel AS, Drilling Controls Inc, Aibel Holding Ltd,
homepage = [http://www.aibel.com www.aibel.com]
footnotes =

Aibel's Group of companies are headquartered in London, with bases in Australia, Brazil, Canada, Denmark, Egypt, Kazakhstan, Libya, Norway, Singapore, Thailand, UK and USA, and fabrication facilities and laboratories in Norway.

The main core of the business is the provision of production facilities, process systems, technology and products to oil companies, shipowners and field operations customers, by maintaining, operating and modifying on- and off-shore facilities.

Aibel has over 100 years of experience in its industry and more than 7,000 employees around the world.

In June 2007, Aibel was acquired by Herkules Capital (formerly known as Ferd Private Equity) for $900 million in the largest leveraged buyout by a Norwegian-based private equity fund. [ [http://www.ferd.no/ferd/show.do?page=12&articleid=1574 Press release: Investor group led by Ferd Private Equity Fund II acquires Aibel] ]

References