Aker Solutions Completes Acquisition of Brazilian C.S.E.

Aker Solutions informed that it has completed the acquisition of 70 percent 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 percent 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,” the company said.

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.

The company, whose headquarter is in Pinhais in the Parana state, has 2,300 employees located at sites including five service facilities covering the country’s different oil and gas basins.

Share this article

Follow Subsea World News

Events>

<< Dec 2018 >>
MTWTFSS
26 27 28 29 30 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31 1 2 3 4 5 6

All-Energy 2019

All-Energy is the UK’s leading renewable energy and low carbon innovation event, showcasing the latest technologies and services…

read more >

ACENS 2019

Submission shall pass the double blind paper review first in order to be presented in the conference…

read more >

Deepwater Operations Advisory Board

This event allows for the free and open exchange of ideas, as proceedings will not…

read more >

Subsea Tieback Forum & Exhibition

The content addresses new operational issues, challenges, and solutions associated with global deepwater subsea operations…

read more >