Aker Solutions completed the acquisition of 70% of Brazilian C.S.E. Mecânica e Instrumentação Ltda.
Aker Solutions in October announced the agreement to buy the majority stake in C.S.E. The agreement includes an option for Aker Solutions to purchase the remaining 30% of the company three years from now.
The acquisition gives Aker Solutions access to Brazil's growing market for servicing existing oil and gas fields, building on a strategy to expand the company's services business in key international markets. C.S.E., which had revenue of BRL 322 million in 2015, provides maintenance, assembly, commissioning and crane operation services at offshore and onshore facilities.
For more information, please visit: http://akersolutions.com/
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/08122016/aker-solutions-completes-acquisition-of-majority-stake-in-brazils-cse/