Aker Completes Reinertsen Purchase, Will 'Help Secure Jobs'
Aker Solutions has completed the acquisition of oil-services provider Reinertsen, which will help secure jobs in central Norway in the long term, according to Reinertsen Deputy CEO Thomas Reinertsen.
"We're glad to have found a new home for our oil and gas business after a very difficult time for our company," said Reinertsen March 30, when the deal was first announced.
"Short term we still face some challenges, but in the longer term this move will secure jobs in central Norway and enable us to continue our strong tradition of delivering high-quality services,” he added.
Combining the capabilities of the two companies will help to safeguard core competencies at key locations, Luis Araujo, Aker Solutions CEO, said in a company statement.
"We welcome the Reinertsen employees to Aker Solutions and expect the integration of our two businesses to further strengthen our leading project execution," said Araujo.
Reinertsen is the third-largest maintenance and modifications supplier offshore Norway with around 700 employees.
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