Beskrivning
| Land | Norge |
|---|---|
| Sektor | Industri |
| Industri | Handel & distribution |
2023-01-06 08:00:00
Frøya, 6 January 2023
Frøy ASA («Frøy» or the "Company») has entered into an agreement to acquire 100%
of the shares of Marinus Aquaservice AS ("Marinus"). The transaction values
Marinus at a total enterprise value of NOK 101 million, subject to certain
closing conditions. The acquisition is conditional upon certain customary
conditions and closing is expected to take place in the first quarter of 2023.
Strategic rationale
The acquisition of Marinus strengthens FrøyŽs position in the southwest of
Norway, a region where Frøy has limited foothold today. Marinus operates three
modern and well-maintained vessels and has a particular strong position within
ROV services, a fast-growing subsegment of the aqua service industry.
CEO of Frøy, Tonje Foss comments