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Aqualis Announces Acquisition Of Braemar Technical Services

Gasoil News - Published on Tue, 25 Jun 2019

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Reference is made to the stock exchange notice dated 13 May 2019 where Aqualis ASA and Braemar Shipping Services plc announced an agreement whereby the Company would acquire three business lines from Braemar representing the majority of the Braemar Technical Services division. The Company announces that all conditions for completion of the Transaction have been fulfilled, and that the Transaction has been completed. As resolved by the annual general meeting of the Company held on 11 June 2019, the Company’s name is AqualisBraemar ASA with effect from today.

Through this transaction, clients of AqualisBraemar will benefit from access to new capabilities, broader suite of services, bigger workforce and increased geographical footprint to enable even quicker operational support at or in close proximity to their offices and assets.

Mr David Wells, CEO of AqualisBraemar, said that “I have looked forward to this day. Combining our companies gives us greater critical mass within the marine and energy markets and means we will be much better positioned going forward. With our larger scale, more resources and our talented people, we will improve our ability to meet our clients’ needs globally. Our ambition is to meet the increasing expectations of our industry globally and to be recognized as the ‘go to’ consultant of the shipping and energy markets. The work for ensuring a successful integration begins now.”

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Posted By : Mohan Sharma on Tue, 25 Jun 2019
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