On 20 March 2023, Akastor ASA («Akastor») has entered into a share purchase agreement with ABL Group ASA (“ABL”) to sell 100% of the shares in AGR AS (“AGR”). The combination of AGR and ABL Group creates a company with a large global client base and a more suitable financial platform for growth. We look forward to participating in the next phase of AGR’s growth, now as shareholders in ABL Group,” says Karl Erik Kjelstad, CEO of Akastor ASA.
Alpha Corporate Finance has acted as financial advisor to Akastor in the transaction.
About AGR AS
AGR is a multi-disciplinary engineering consultancy and software provider to the energy sector. The company offers consultancy, asset evaluation, peer study, software and integrated well engineering services. In 2022, AGR delivered revenue of NOK 790 million and an adjusted EBITDA of NOK 60 million.
About ABL Group ASA
ABL Group (OSE: ABL Group ASA – ticker code “ABL”) offers independent energy and marine consultancy to the global renewables, maritime and oil and gas sectors. The group has offices in 38 countries worldwide. ABL Group operates under six brands: ABL, OWC, Innosea, Longitude, Add Energy and ABL Yachts.