Roll-Royce Marine AS has picked up an additional 64.3 percent stake in ODIM ASA which has a marine equipment manufacturing facility in Vietnam.

The subsidiary of the UK-based Rolls-Royce Group now owns 97.3 percent of the Norwegian firm whose US$15 million assembly and testing facility is situated in Dong Xuyen Industrial Park in Ba Ria-Vung Tau Province in southern Vietnam. It paid $229 million for the additional stake.

The plant, which makes ropes, cranes, winches, and others, opened in October 2009.

Rolls-Royce provides integrated shipping equipment for offshore service vessels and ship design services.

ODIM’s other offerings include high-tech integrated equipment and operation solutions for the automated loading industry, including specialist marine handling systems for the offshore oil and gas industry, offshore service vessels, subsea and deepwater installation, and naval power operations.

Rolls-Royce had bought 33 percent of ODIM in June last year.

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