SAS was sold to Brastec Technologies
SAS Holding B.V. was sold to Brastec Technologies S.A.. The newly created Brazilian-Dutch multinational has a global reach and is well positioned for the supply of both onshore and offshore systems.
SAS specialises in the design and manufacturing of reliable, tailor-made deck equipment for the offshore oil and gas industry. SAS provides both system modules and turn-key systems. SAS generated revenues of approximately EUR 55 million in 2011 with 95 employees.
Brastec Technologies designs, manufacturers and installs medium and large sized systems used in the production and treatment of flexible pipes and power cables. Brastec’s clients are mainly international manufacturers that deliver flexible pipes and power cables to oil companies including Petrobras.
PhiDelphi Corporate Finance acted as adviser to the sellers.