NKT Flexibles was acquired by the Houston, Texas-based company National Oilwell Varco (renamed NOV Inc. in 2021) in 2012 for 3.8 billion kr..[1] The company was formed in 1999 when it was split off from NKT Cables to form a joint venture between NKT (51%) and Subsea 7 S.A.
The company produces dynamic and static risers, static flowlines, subsea and topside jumpers, and expansion joints for use in the offshore oil and gas industry.
The NKT flexible pipe is an unbonded structure consisting of helically wound metallic armour wires or tapes combined with concentric layers of polymers, textiles, fabric strips and lubricants.
The agreement, worth up to 9.7 billion kr., included the establishment of a Brazilian production facility located in the Acu Superport.
[3] This article related to a manufacturing company is a stub.