Aker Solutions to Acquire Norwegian Oil-Services Provider Reinertsen
March 30, 2017 - Aker Solutions agreed to buy oil-services provider Reinertsen to build on its position as a leading maintenance and modifications supplier offshore Norway. The asset deal is set to be concluded in the second quarter, giving Aker Solutions ownership of Reinertsen's Norwegian oil and gas services business. The agreement excludes Reinertsen's liabilities as of December 19, 2016, when the company went into debt negotiation proceedings. The purchase price is NOK 212.5 million. Reinertsen, the third-largest maintenance and modifications supplier offshore Norway with about