HMS Group to Provide Engineering Services in Yamal Gas Province

18.11.2011 -

HMS Group announces signing of a contract totalled Rub 1.27 billion (app. $41.6 mn) after winning the competitive tender process. Within the framework of the project the Group will render a broad range of engineering services, including construction, installation and commissioning, as well as overall project management on a major West Siberian gas field.

HMS Group to Acquire Belorussian Pump Manufacturer

10.08.2011 -

HMS Group announced that it has entered into a share subscription agreement. In accordance with the agreement, the company undertakes to subscribe for 100% of newly issued shares equal to 57% of a share capital of Bobruisk Machine Building Plant (the “Plant”), located in Bobruisk, Belar.

HMS Group Acquires Sibneftemash

06.07.2011 -

HMS Group announced that it has completed the acquisition of 98.59% of the share capital of Sibneftemash, an oilfield equipment manufacturer, for a total cash consideration of RUB 1.29 billion. Deal is fully financed with available credit facility.

Changes in Cardo Group Management

21.06.2005 -

Peter Möller is leaving his post as head of the Industrial Door field within Cardo Door. Until a new head of the field takes over, Cardo’s president and CEO Peter Aru will hold the post.