Novena Holdings Renamed Viking Offshore and Marine Limited
Novena Holdings Limited has been renamed Viking Offshore and Marine Limited, announcing their foray into the O&M industry.
Following the acquisition of Viking Airtech Pte Ltd, an Enterprise 50 award winning company, Novena Holdings Limited announced on 12 February 2010 a namechange as Viking Offshore and Marine (VOM) a name reflective of its core business.
Novena Holdings had spent $44 million – $20 million in cash and the rest in shares – to buy all of Viking Airtech. Viking Airtech, incorporated in 1994, is already a leading provider of heating, ventilating, air-conditioning and refrigeration systems (HVAC&R) for the major shipyards in Singapore, including those of Keppel Offshore & Marine, SembMarine, Drydocks World and Otto Marine. According to VOM chairman Andy Lim, the successful acquisition of Viking Airtech in January 2010 and namechange in the following month, are merely the first steps to building an integrated M&E offshore player.