Viafin and M7 have signed a Letter of Intent for Co-Operation

Viafin and M7 have signed a Letter of Intent for Co-Operation

17th May 2011: The Finnish Viafin Group (Viafin West Welding Oy) as a major player in manufacturing of Pressure Vessels & Heat Exchangers and M7 Offshore AS as a solution provider within Offshore Engineering and Project Management have signed a letter of intent for cooperation on the Norwegian market. A special purpose company registered in Norway will be formed to market, sell and manage projects for pressure vessels and heat exchangers. 

Marko Sipola, CEO in Viafin Group (including Viafin West Welding) says: “We have for a while been searching for a Norwegian partner for our now increased focus on the Norwegian market. We have a major market position in many product segments and geographical areas, but in Norway we have not been able to achieve the leading position yet. We believe a partner with strong knowledge of process engineering will add value to our business and together we are able to give better service to our customers in Norway”.

Nils-Erik Hannisdal, CEO in M7 Offshore AS ads: “We are pleased to be the partner to such a strong player in this industry. With our personnel’s long history within research and engineering within vessels and process systems it made sense for us to expand our business in this direction”

More about companies:
Viafin Group (including Viafin West Welding) is a leading pressure vessel and pressurized equipment supplier in the Nordic countries with a turnover of 30 M Euro and over 150 persons. The customer base comprises major domestic and foreign industrial companies from oil, energy, process and chemical industries, which demands high quality products and on time deliveries with world class manufacturing efficiency.

The company production unit Viafin West Welding is located very close to the harbor on the West coast of Finland and the maximum weight of the single vessel can be over 250 tons. Viafin West Welding can manage various steel qualities, their characteristics and handlings. Viafin has over 40 years experience in pressure vessel manufacturing and it has manufactured over thousand pressure vessels during the history. 

M7 Offshore AS (“M7”) provides high class project management and engineering services to the oil & gas industry, with focus on process plants (Topsides), modules and skids for Floating Production Storage & Offloading units (FPSO’s). M7 is a solution provider within the Process and Multidiscipline Engineering. Key customer segments are ship-owners, oil companies, engineering companies and equipment suppliers. Both companies are working according to the strict quality systems and are both AAA-rated by Dun&Bradstreet.

For more information:

Marko Sipola                                                                                         Nils-Erik Hannisdal
CEO                                                                                                            CEO
Viafin Oy                                                                                                 M7 Offshore AS
Tel. +358 50 371 4663                                                                      Tel. +47 91 78 95 96