Aqualis ASA enters the offshore market through the acquisition of Aqualis Offshore
(Thomson Reuters ONE) -
Oslo, Norway, 8 November 2013
Aqualis ASA (OSE: AQUA) has today successfully completed the acquisition of
100% of the shares in Aqualis Offshore Ltd., a specialized offshore marine and
engineering consultancy group, for NOK 70 million. The acquisition has been
settled though the issue of 43.75 million shares, at an issue price of NOK 1.60
per share.
"The acquisition of Aqualis Offshore represents an exciting change in strategic
direction for us. We will now consist of a new major business area of specialist
marine and engineering consultancy services to the offshore oil and gas
industry, in addition to our existing healthcare activities," says Gunnar Manum,
acting CEO of Aqualis ASA.
Aqualis Offshore is a specialised offshore marine and engineering consultancy
firm, focusing on the shallow and deep-water offshore segments of the oil and
gas industry. Its core services includes concept, FEED and basic design
engineering for upgrades and conversion of jack-ups, FPSOs and rigs, marine
warranty services, transportation and installation, rig moving, dynamic
positioning, construction supervision and due diligence services.
Aqualis Offshore was established in December 2012 and has since its inception
rapidly developed a significant customer base including several major oil
companies, rig owners and operators, vessel owners, offshore contractors,
underwriters and financial institutions. The company is present in all major oil
regions with offices in London, UK (headquarter); Oslo and Sandefjord, Norway;
Houston, USA; Rio De Janeiro, Brazil; Singapore; Dubai, UAE; and Dammam, Saudi
Arabia.
Aqualis Offshore's strategy is to operate through a growing international
network of offices, primarily focusing on developing economies and emerging
markets. The company has a highly experienced management team with industry
leading credentials and long standing client relations.
"Aqualis Offshore consists of offshore-experienced mariners and engineers who
provide an integrated service. It means that the company can work directly for
our clients on engineering or offshore projects, or operate as an independent
third party on, for example, marine warranty, DP or due diligence jobs," says
David Wells, CEO of Aqualis Offshore.
Aqualis Offshore currently employs around 60 people, and in addition
approximately 10 people have signed contracts to join the company. A significant
increase in the number of employees is expected going forward.
The existing healthcare activities of Aqualis will remain as a separate business
area within the Company (Aqualis Healthcare). The Company has a large portfolio
of patents relating to its LVT-technology, as well as licensing agreements for
the potential development of selected drug compounds. Aqualis will try to
maximize the value of these pharmaceutical assets through further out-licensing
or sale of existing patents and patent applications, as well as investigating
new investment opportunities within the healthcare sector.
Following the acquisition of Aqualis Offshore the executive management team of
Aqualis consists of the following persons: Gunnar Manum, Acting CEO of Aqualis
ASA; Christian Opsahl, CFO; David Wells, CEO Aqualis Offshore; and Ole Henrik
Eriksen, CBO Healthcare.
****
Contact:
Gunnar Manum
Acting CEO
+47 24 11 09 71 / +47 95 17 91 90
gunnar.manum(at)aqualis.no
Christian Opsahl
CFO
+47 901 101 53
christian.opsahl(at)aqualisoffshore.com
David Wells
CEO, Aqualis Offshore
+44 7717 636783
david.wells(at)aqualisoffshore.com
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Aqualis ASA via Thomson Reuters ONE
[HUG#1741871]
Unternehmensinformation / Kurzprofil:
Datum: 08.11.2013 - 14:01 Uhr
Sprache: Deutsch
News-ID 314481
Anzahl Zeichen: 4766
contact information:
Town:
Oslo
Kategorie:
Business News
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"Aqualis ASA enters the offshore market through the acquisition of Aqualis Offshore"
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