Aker Solutions closes Reinertsen buy

first_imgNorway’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 Stafflast_img read more

Tipp minors aiming for place in Munster final

first_imgTipperary take on Clare this evening in the Munster Minor Football Championship.Following their opening round defeat to Kerry the Premier County have seen off the challenges Limerick and Waterford in the play-offs to earn a place in the provincial semi-finals.Throw-in is at 7 o’clock this evening in Semple Stadium – the game will be live here on Tipp FM with commentary from Paul Jenkins and Shane Stapleton. Cork and Kerry meet in this evenings other semi-final in Tralee.last_img