Dynamic New Pipeline Group Is Formed

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IK-Group AS (IK) has acquired Online Electronics Ltd. (OEL), a leading global pipeline communications specialist. 
  OEL, headquartered in Aberdeen, Scotland, is the parent company of Online Pipeline Solutions Inc. (OPS), Houston and additional business units in Dubai, Singapore and Perth W.A., the acquisition further strengthens and widens IK`s position within the pipeline sector of the International oil and gas industry.
  This now takes the number of employees in the IK Group closer to 200. The investment in OEL is expected to create additional jobs in the next twelve months through increased market share driven by research, development and special engineering projects.
  IK-Group will keep the well-established OEL brand and global structure as this has proven to be highly successful. The companies are an excellent fit and fully complement each other in terms of sector, technology and geography.