30.09.2016

MacGregor acquires in Dundee

The MacGregor division of Cargotec has acquired a 51 percent stake in UK based Flintstone Technology, a small company specialising in advanced technology and products within the mooring and fluid handling industries.

Flintstone was established as FTL Subsea, a product design consultancy in Dundee, Scotland in 2012 by Andrew Clayson and Richard Taylor. After having completed s number of projects, the two began to develop their own products and solutions in 2013. In 2015 BW Offshore invested in the business acquiring a 26 percent stake. Today the company has 10 employees.

Flinstone’s Clayson said: "We are very happy to join MacGregor. We are a small team with competent and innovative engineers. We see a lot of potential we can bring along and add value for the customers. We like to challenge existing solutions and look for ways to improve, just what MacGregor is known for doing. Becoming part of a bigger company brings also many benefits, both for customers and our employees."

Nordine Benbernou of BW Offshore and a Flinstone director, added: "BW Offshore retains a minority stake in Flintstone. We are happy to welcome
MacGregor and with combined expertise, the company is able to help to bring innovative technology and solve the challenges our projects normally involve. Furthermore these solutions can be offered to a wider customer base."

Hiab vice president advanced offshore solutions, Høye Høyesen, said: "Offshore operators and field owners are looking for cost and weight optimised technologies in order to be more efficient. Flintstone has developed several products that reduce offshore installation time, bring weight savings onboard the floaters, and in some cases even contribute to more safe operations. Our ownership stake in Flintstone is a good fit for providing these solutions together. Flintstone's offering complements MacGregor's portfolio in the offshore segment and also expands our existing product portfolio into new market areas."