Norway-based oil service investment company Akastor has agreed to merge its Frontica Advantage business with UK-headquartered manpower specialist NES Global Talent.
The two have signed a definitive agreement that will see Akastor become a shareholder in the combined company - "a global leader in staffing services to the oil and gas industry".
Akastor will initially receive a 15.2% ownership interest in the combined entity with potential to increase its stake depending on the growth of Advantage over the next three years.
