General
AGR Software is part of ABL Group now
ABL Group ASA (“ABL Group”) has successfully completed the acquisition of 100 percent of the shares in our mother company, AGR AS (“AGR”), from a subsidiary of Akastor ASA (“Akastor”).
The transaction furthers ABL’s strength in drilling and well management, through the consolidation of AGR with Add Energy‘s teams. It also gives AGR a deeper bench of expertise in energy transition services and sets AGR's reservoir. wellsite geology and resourcing business for growth.
For us, the deal means we have a platform to extend our software and well time, cost and risk management engineering offering to a wider client base, with the ability to deliver services now from joint global footprint of offices covering 39 countries, 65+ offices and 300+ locations worldwide.
The full version of the Stock Exchange announcement can be read here.
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