Ezion will subscribe for 321,429 ordinary shares in ROS at a price of nearly $55.6 per share which will give it a 30% stake in the company.
Ezion's directors believe ROS's exisiting business will create synergies between the two companies as they already offers services which are related, but not in competition with, Ezion's existing business.
ROS specialises in providing engineering solutions for production related activities in the offshore sector, with its current client base consisting of oil majors, FPSO owners and operators, and oilfield service companies.
