SeaOwl has announced the acquisition of Ogas Solutions, an oil and gas services group with headquarters located in Bangkok. This acquisition will allow SeaOwl Group to pursue its growth and contribute to the consolidation of the industry on an international level with an integrated services offer.
Ogas Solutions employs more than 1000 people across the world. Ogas Solutions has a strong footprint in Asia since the company achieves 50% of its turnover mainly in Indonesia, Malaysia, Singapore and Thailand.
This acquisition will allow SeaOwl to cover the key growing geographic areas across the world and to extend its activities. The new group formed will operate on every Oil & Gas segment and will keep on developing its activity by offering integrated services to its clients.
Bernard Pailler, CEO of Ogas Solutions, commented: “The operational center of Ogas Solutions will remain in Asia and our team will maintain a close relationship with our clients, which has always been one of our strengths. Thanks to the merger with SeaOwl, our clients will benefit from an integrated offer, extended teams and in-depth expertise, as well as a unique geographic coverage in the industry.”
Arnoult Gauthier, President of SeaOwl, concluded: “This new acquisition allows SeaOwl to pursue its strategy of consolidation in the field of technical assistance to companies. With this acquisition, our revenue will exceed €100 million in 2016, making us a now a global leader in our industry. I would like to thank our clients, teams and shareholders, who have been supporting this strategy and making our international growth possible.”
Edited from press release by Angharad Lock
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/30082016/seaowl-acquires-ogas-solutions-28419/