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KNOT Offshore acquires Hedda Knutsen for $113M

PUBLIC · KNOPAug 26, 2026about 4 hours ago

Acquiring Company

KNOT Offshore Partners

Acquired Company

Knutsen NYK Offshore Tankers AS

AlbaniaOtherOil And GasTransportationLogistics

Description

KNOT Offshore Partners LP announced the acquisition of Knutsen Canadian Chartering AS, which owns the shuttle tanker Hedda Knutsen. The deal is valued at $113 million, after accounting for outstanding debts. This acquisition will enhance KNOT Offshore's fleet capabilities.

Company Information

Company

KNOT Offshore Partners

About

KNOT Offshore Partners LP owns, operates and acquires shuttle tankers primarily under long-term charters in the offshore oil production regions of the North Sea and Brazil. KNOT Offshore Partners LP is structured as a publicly traded master limited partnership but is classified as a corporation for U.S. federal income tax purposes, and thus issues a Form 1099 to its unitholders, rather than a Form K-1. KNOT Offshore Partners LP’s common units trade on the New York Stock Exchange under the symbol “KNOP”.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Frequently asked

Who acquired Knutsen NYK Offshore Tankers AS?

Knutsen NYK Offshore Tankers AS was acquired by KNOT Offshore Partners. The deal was reported on August 26, 2026. KNOT Offshore Partners LP owns, operates and acquires shuttle tankers primarily under long-term charters in the offshore oil production regions of the North Sea and Brazil. KNOT Offshore Partners is publicly traded (KNOP) and operates in Other.

When did KNOT Offshore Partners acquire Knutsen NYK Offshore Tankers AS?

KNOT Offshore Partners's acquisition of Knutsen NYK Offshore Tankers AS was reported on August 26, 2026. KNOT Offshore Partners LP announced the acquisition of Knutsen Canadian Chartering AS, which owns the shuttle tanker Hedda Knutsen. The deal is valued at $113 million, after accounting for outstanding debts. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Knutsen NYK Offshore Tankers AS do?

Knutsen NYK Offshore Tankers AS specializes in offshore shipping, particularly in the oil and gas sector. The company operates a fleet of shuttle tankers and is known for its focus on safety and efficiency. It is privately held, operating in Oil And Gas, and is based in Albania.

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