2012.MasterPresentation_final [Compatibility Mode] - TTS Group ASA
2012.MasterPresentation_final [Compatibility Mode] - TTS Group ASA
2012.MasterPresentation_final [Compatibility Mode] - TTS Group ASA
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<strong>TTS</strong> Investment in Sigma Drilling<br />
Entering a new crane segment and increasing earn-out potential<br />
• 5 MUSD investment (approx. 28 MNOK) in Sigma<br />
Drilling AS in connection with entity partly owned<br />
by Sigma<br />
• <strong>TTS</strong> to deliver the offshore cranes to the vessel<br />
and Cameron International Corp. delivers the<br />
drilling equipment<br />
• With the sale of its drilling equipment unit earlier<br />
this year, <strong>TTS</strong> established an earn-out agreement<br />
with Cameron based on revenue of drilling<br />
equipment to early June 2015<br />
• Investment brings <strong>TTS</strong> into a new growing market<br />
segment<br />
• Increased earn-out potential of the sale of the<br />
drilling equipment unit<br />
Sigma Drilling AS