UK services player OEG Offshore has snapped up compatriot OSCA Environmental Services to expand its operations in the Caspian region.
The deal will see cargo-carrying and engineering cabin specialist OEG acquire bases in Baku in Azerbaijan, Turkmenistan and Aktau, Kazakhstan.
Aberdeen-based OEG will also acquire all of its city neighbour’s 2500-unit stock as well as stocking locations in Sakhalin, Gabon, Congo and Angola.
All 35 full-time personnel at ASCO will move over, with the company to retain its brand and be led by commercial director Donald Guthrie, who steps up to become regional director.
The deal value was not disclosed.
OSCA provides containers, associated equipment and services to the energy sector, including small and large drill cuttings boxes, container tipping frames designed to improve cutting removal efficiency, offshore cargo units, waste transport and haulage.
OEG chief executive John Heiton said: "OSCA is a perfect fit for us, as the largest specialist provider of containers and cuttings cargo storage in the Caspian region as well as to Sakhalin and West Africa, it links seamlessly with our successful North Sea, African, Asia Pacific, Australian and Americas operations.”