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Aker scoops Qserv for $197m
By Upstream staff
Aker Solutions has bought Aberdeen-based well services company Qserv for Nkr1 billion ($197.2 million).
Qserv is a privately owned company established in 2001 with around 400 employees.
As well as the North Sea, Qserv has also operations in West Africa, Middle-East and South East Asia.
The company provides a range of well, process and pipeline services. Revenues in 2007 stood at around Nkr500 million.
Aker Solutions will make an initial payment of approximately Nkr1billion and a deferred payment in 2011 for the company.
The two companies already work together within wireline tractor services, logging services and light well intervention vessels
Friday, 04 July, 2008, 08:51 GMT | last updated: Friday, 04 July, 2008, 08:52 GMT
