AqualisBraemar buys LOC for $20m
Oslo-listed AqualisBraemar spends $20m through debt and equity to acquire LOC Group to create a ‘leading global independent offshore energy and marine consultancy’
Braemar holds a 27% stake in AqualisBraemar and upon completion of the LOC transaction, which is subject to approvals, is expected to own 21% of the combined group