New York-listed Nordic American Offshore is expecting an "interesting change in the company" in a matter of "weeks", the chief executive of the PSV player said.
Herbjorn Hansson-led NAO gave broad hints about impending M&A activity during a prospects call on 10 September.
"We need to strengthen this company and the combination with another company, or another entity, will greatly enhance its position and prospects," executive chairman Hansson said during the teleconference.