ABL Group ASA (“ABL Group”) has successfully completed the acquisition of 100 percent of the shares in AGR AS (“AGR”) from a subsidiary of Akastor ASA (“Akastor”).
This is an important moment for both companies. The transaction furthers ABL’s strength in drilling and well management, through the consolidation of AGR with Add Energy‘s teams.
It also gives AGR a deeper bench of expertise in energy transition services, as well as a platform to extend our AGR Software and resourcing offering through AGR Consultancy Solutions to a wider client base, with the ability to deliver services now from our global footprint of offices covering 39 countries and +300 locations worldwide.
Hear from ABL’s CEO, Reuben Segal, on the acquisition’s closing
“I am delighted to welcome everyone at AGR into our ABL Group family! AGR brings additional strength to our well & reservoir services, expanding our energy transition technologies, software solutions and resourcing capabilities. The energy transition is changing the world and we need to keep up with those changes if we are to remain at the forefront of our industries. We’re excited to continue this journey with AGR onboard, to join forces and continue to grow, together.”
AGR’s CEO, Svein Sollund, adds, “I am very excited that we become one family today. As part of the ABL Group, AGR is positioned to provide our clients with a comprehensive service and product offering across oil and gas, energy transition, renewables and maritime.”
The full version of the Stock Exchange announcement can be read here.