Ezra Finalizes AMC Acquisition

The deepwater subsea services arm (EMAS AMC) of Ezra announced the completion of Ezra's acquisition of Aker Marine Contractors AS (AMC) of Houston.

Ezra, which operates in the offshore market under the EMAS brand name, successfully completed the acquisition of AMC from Aker Solutions AS (a subsidiary of Oslo B?rs-listed Aker Solutions ASA) on March 1, 2011. With the established SURF (subsea umbilicals, risers & flowlines) and floater installation company AMC under its fold, Ezra's EMAS AMC now has a comprehensive offering that includes the installation of subsea/SURF products and equipment, and the provision of EPIC (Engineering, Procurement, Installation & Construction) solutions globally.

The Group's Managing Director, Mr. Lionel Lee (???), said, "Our ability to provide comprehensive and innovative SURF and EPIC solutions at all water depths is now widely recognized by the industry."

"EMAS AMC is now a clear contender for such projects globally, backed by AMC's sterling reputation in this area and Ezra's entrenched EMAS brand. We are confident of building a solid order backlog that will optimize utilization of our fleet and other assets."

Looking ahead, Mr. Lee commented, "Given the bright outlook for the offshore O&G sector, we expect subsea activities to intensify. We also expect to provide an expanded range of services as clients move to boost operating efficiency as well as keep pace with new industry standards for crew safety and environmental protection."

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