where expertise comes together - since 1996 -

The Largest Open Access Portal of Nondestructive Testing (NDT)

Conference Proceedings, Articles, News, Exhibition, Forum, Network and more

where expertise comes together
- since 1996 -
NDT.net Issue - 2012-01 - NEWS
NDT.net Issue: 2012-01
Publication: e-Journal of Nondestructive Testing (NDT) ISSN 1435-4934 (NDT.net Journal)

AGR Field Operations venturing into new frontier with Oceaneering

Technology Design Ltd44, Winsford, United Kingdom

AGR Group announced today that it has signed an agreement with Oceaneering International inc. whereby Oceaneering acquires 100% of the shares in AGR Field Operations, contingent on regulatory approval.

The price is set to 1 365 MNOK on an enterprise value basis. Closing is set to take place mid December 2011.

AGR Field Operations has performed very well over the last few years, and had now grown to a size where another parent than AGR had more to offer. Oceaneering seems to be a good fit for FO and will be an excellent home for the division’s further growth and development.

For the rest of AGR this transaction enables a further increased focus on AGR’s products and services. A process has already been established in order to disintegrate Field Operations from AGR wrt offices, IT etc. AGR and Field Operations can of course keep cooperating based on the business needs of each division.

Visit: Technology Design Ltd

Feedback: ()

More from "Technology Design Ltd" (5 of 43)
2017-05Technology Design TD-Scan Release 19.13
2014-10Nova Instruments acquires Technology Design Limited NEWS
2014-08Technology Design Ltd. at the Feira da Mecânica 2014 Brazil, Kubika NEWS
2014-02Technology Design at the ASNT Fall Conference NEWS
... All 43 Details >
We use technical and analytics cookies to ensure that we will give you the best experience of our website - More Info
this is debug window