Habau, KHE Group Announce Sale Of Pipeline Contractor Nacap

June 2011 Vol. 238 No. 6

KHE Group B.V. (Koop Group) from the Netherlands and Habau GmbH (Habau) from Austria reached agreement on a sale of 100% of the shares in the Nacap group of companies as all the activities of Nacap will be combined within the Habau Group.

The existing business plans of Nacap will serve as the basis to further expand the pipeline business in the Habau Group, and the combination will create a world-leading pipeline business, according to a news release.

The activities of Nacap, which has 3,000 employees, will be continued under the Nacap name operating out of the head office in Eelde, the Netherlands. Pipeline activities of Habau in Europe (PPS) and South America (Conduto) will, together with Nacap, be integrated in one energy cluster to create a global leader in pipeline contracting. In particular, the horizontal directional drilling expertise of Nacap will become part of the Habau Group’s portfolio. The combined company will employ over 6,500 people.