Neptune Pursues Strategic Acquisitions for Growth in the North Sea

As part of its strategy for growth, Neptune is actively pursuing suitable acquisitions to give the company a substantial presence in the North Sea as well as other major oil and gas fields in which its clients operate.

Neptune is in advanced negotiations with a subsea service provider in the North Sea region. Those negotiations are confidential and incomplete. Any acquisition would be comparative to the scale of the acquisitions completed by the Company to date.

Neptune will inform the market in the event any definitive arrangement is entered into.

Listed on the Australian Stock Exchange (ASX: NMS), Neptune Marine Services provides engineering services and solutions to the offshore oil & gas industry.