Aker Solutions has bolstered its presence in Norway with the takeover of oil services provider Reinertsen.
The Kjell Inge Rokke-led company is paying NOK 212.5m ($24.9m), while the agreement between the two parties excludes Reinertsen’s liabilities.
Luis Araujo, chief executive at Aker Solutions, said: “Combining our capabilities will boost our presence in the Norwegian maintenance and modifications market, helping to safeguard core competencies at key locations and positioning us for a market recovery.”
Aker
