Aker Solutions closes Reinertsen buy

Norway’s Aker Solutions has completed the acquisition of its compatriot, oilfield services provider, Reinertsen. 

The acquisition was announced in late March as part of Aker Solutions’ efforts to build on its position in the maintenance and modifications sector in Norway.

The deal, which gives Aker Solutions ownership of Reinertsen’s Norwegian oil and gas services business, cost it about NOK 212.5 million.

Aker Solution said on Friday that the agreement to buy Reinertsen’s Norwegian oil and gas services business has also been cleared by Norway’s competition authority.

Reinertsen, the third-largest maintenance and modifications supplier offshore Norway with about 700 employees, has its main offices in Trondheim and Bergen.

As part of synergies to be generated from the acquisition, employees from those offices will be moved to local Aker Solutions offices.

In 2016, Reinertsen had revenue of about NOK 800 million.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< May 2019 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

08th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

OWI WA 2019

West Africa’s only dedicated Offshore Well Intervention Conference is returning for its second year…

read more >

OIL & GAS PHILIPPINES 2019

Oil & Gas Philippines event display products like Oil & gas, fire protection systems and materials…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply