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.