ODIM to acquire Ulsteinvik-based DIMO

ODIM has announced plans to acquire Ulsteinvik-based DIMO for NOK 36 million to strengthen after sales and service capacity within the organization.

The rapid growth of ODIM solutions on the global fleet of vessels over the past few years along with a strong order backlog support the strategic initiative of building a strong international network that can satisfy service requirements.

ODIM is committed to providing service to customers 24 hours a day, 7 days a week for 365 days a year, because immediate service is particularly critical for clients within the oil service sector.

DIMO is situated in modern office and production facilities located in Ulsteinvik, Norway, and is well positioned to expand operations to support the incremental opportunities within the ODIM group. The agreement is subject to due diligence and board approval.