Intentional deal: for Aqualis' takeover of Tristein
Aqualis Offshore buy sealed
08 November 2013 03:44 GMT
27 February 2014 12:47 GMT
Aqualis said on Thursday it had signed a memorandum of understanding to acquire
Tristein for an undisclosed sum, stating it was a “good match” with its consultancy
which earned revenue of Nkr44 million last year, has a 36-strong staff and
provides marine operations & logistics, engineering & survey and
renewable energy services.
Offshore chief executive David Wells said the acquisition “will significantly
increase our capabilities and capacity on the Norwegian continental shelf”.
intends to settle the majority of the purchase sum in shares with a definite
deal yet to be signed.
transaction, which is still subject to due
diligence and board approval, is expected to close at the end of the first
quarter or early in the second quarter.
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