Offshore logo
Cosalt under new ownership
Posted 18.02.2013 10:59:34 av John Bradbury
Vis RSS feed
Send nyhet til en venn
North Sea service provider Cosalt Offshore is being bought out by a private equity firm

Aberdeen-based NBGI was due to finalise a deal today to take over the Aberdeen and Norway operations of Cosalt Offshore, which a spokesman says has been through tough times recently.

“The deal....will stabilise the Cosalt business which has been through a difficult period in recent years, safeguard jobs and provide funding to capitalise on international growth opportunities,” a spokesman for the company said.

NBGI's move will combined both the Aberdeen and Norway operations of Cosalt, which specialises in offshore lifting, inspection, testing and safety services, with ATR Group, which provides a global equipment rental service to the offshore maintenance sector. ATR was the subject of a £20 million  management buyout financed by NGBI in March last year.

“This deal will be welcomed by Cosalt’s staff, customers and suppliers as an end to a period of uncertainty.” declared Keith Moorhouse, chief executive of ATR. “Cosalt has an excellent technical and operational reputation and is an integral part of the supply chain of many of the energy sector’s leading oil service companies and operators,” he said, continuing: “Cosalt and ATR will be pooling their significant resources and technical expertise to deliver a broad, integrated service offering to the oil and gas industry.”

Moorhouse says the deal will open up the Norwegian market to ATR and improve its operational capacity through access to Cosalt’s engineers, technicians and inspectors and with its global rental equipment fleet will “... deliver a broad, integrated service offering to the oil and gas industry.”

Last July ATR, which is also based in Aberdeen, acquired Underwater Engineering Services, to grow its subsea capabilities, which was the company's first acquisition after a management buyout at ATR financed by NBGI Private Equity.
Advertisement
Latest news

Asset integrity expertise bought

British-based engineering expertise has been bought up by Norway's Aker Solutions to boost its integrity analysis for oil and gas assets.

[Les mer ] Company news

Sound signals big Italian gas

London-listed Sound Oil has logged a big new gas find in Italy.

[Les mer ] Exploration

Aker anchors new accommodation unit

A new offshore accommodation unit under construction in China is to be fitted with a mooring system supplied from Norway.

[Les mer ] Contracts

Big gas at Bianchi 1

Austria's OMV has reported a major new gas find while drilling offshore Australia following on from its earlier Zola discovery.

[Les mer ] Exploration

New drilling near Johan Castberg

Swedish explorer Lundin Petroleum has kicked off a new exploration well in the Norwegian sector of the Barents Sea.

[Les mer ] Exploration

Irish data acquisition underway

Seismic data acquisition has kicked off on a newly allocated Irish Frontier Exploration Licence.

[Les mer ] Exploration

Profilerte stillingerAlle stillinger »
Profilerte selskapFra OffshoreX.no
Pon Power Scandinavia Logo

Pon Power Scandinavia

Pon Power is the distributor of Cat and MaK engines and generators in Scandinavia. Product spectrum, ranging from 6.4 to 16,200 kW, which are mainly used as propulsion and auxiliary engines, primary power or emergency power, firefighting pumps and cranes for offshore installations. We offer worldwide 24-hour service and rapid delivery of spare parts. ISO 9001, ISO14001 and Achilles certified.

Se profil | offshorex.no
AKER SOLUTIONS AS Logo

AKER SOLUTIONS AS

Aker Solutions ASA is a leading global oil services company that provides engineering and construction services, technologies, product solutions and field-life solutions for the oil and gas industry.

Se profil | offshorex.no
BSAFE SYSTEMS AS Logo

BSAFE SYSTEMS AS

Norges eneste premium forhandler av Lighthouse skilt og etikettsystemer samt distributør av Master Lock safety series - sikkerhetsutstyr til bruk under service og vedlikehold av maskiner og utstyr.

Se profil | offshorex.no
MTC & Partnere AS Logo

MTC & Partnere AS

MTC & Partnere A/S beskæftiger sig mandskabs udlejning indenfor overflatebehandling, isolasjon og vedlikehold. MTC & P har gennem mere end 10 år beskæftiget sig både on og offshore med overfladetehandling og isolasjon og har derfor en stor medarbejder stab der besidder mange års erfaring og udd. inden for disse områder. For MTC & P er værdi grundlaget Kvalitet/Sikkerhet/Tillid/Fleksibillitet..

Se profil | offshorex.no
BD Oil & Gas Logo

BD Oil & Gas

BD Oil & Gas, a division of Brødrene Dahl, is a Norwegian stockist specializing in the supply of Piping and Valve products to the Oil & Gas industry.BD Oil & Gas provides products via our global network of manufacturers and supplier.We offer quality products, technical solutions, efficient customer services and a state of the art logistics and distribution system through our 54 locations in Norway

Se profil | offshorex.no
NORISOL NORGE AS Logo

NORISOL NORGE AS

Norisol er en av Norges ledende bedrifter innen ISO fagene Isolering, Stillas og Overflatebehandling. Norisol er et Nordisk konsern og har kontorer i Danmark og Sverige i tillegg til Aberdeen. I Norge har vi kontorer i Stavanger, Porsgrunn, Drammen, Fredrikstad, Kristiandsand, Bergen og Stord.

Se profil | offshorex.no
Tips oss
Kontakt oss
Offshore.no AS
Annonsere
Ansvarlige
Sjefsredaktør: Erlend Keilen
OPPHAVSRETT
Alt innhold er opphavsrettslig beskyttet.
Copyright Offshore.no AS