Known by the Pusnes brand name, it provides mooring equipment, loading and offloading systems as well as deck machinery for the offshore and shipping markets.

MacGregor described the company as “highly complementary” with its existing offshore offering, including recently acquired deck machinery company Hatlapa.

Oslo-listed Aker Solutions expects to book a gain of about NOK 1bn ($170m) from the sale.

“The proceeds will be used to develop our main business in the deepwater and subsea oil-services segments,” said executive chairman Oyvind Eriksen.

“While