PG Marine Group and Ulstein Marine Technologies focus on core businesses
| October, 2010 | |
 | PG Marine Group takes 100 % ownership of PG Hydraulics AS. It acquires 45 % of shares from Ulstein Marine Technologies and becomes the only one owner with control of 100 %. PG Marine Group prepares the company for further growth as markets are picking up. Both owning parties will focus on their own core businesses, and PG Hydraulics strong link to PG Marine Group for products and systems make it logical to migrate into a 100 % subsidiary of PG Marine Group. |