Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/agr-acquired-by-silverfleet-capital.shtmlAGR acquired by Silverfleet Capital
Norway-headquartered AGR Holdings AS (AGR) has been acquired by the independent European private equity firm Silverfleet Capital.
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Norway-headquartered AGR Holdings AS (AGR) has been acquired by the independent European private equity firm Silverfleet Capital. The deal, worth NOK 1,640 million (€195m) is expected to be completed on or around end of August 2014.
AGR Holdings AS is the petroleum services division of Oslo-listed AGR Group. It is the world’s largest independent well management group.
Åge Landro, CEO of AGR, commented: “AGR has enjoyed a strong market position and experienced great growth over the last few years whilst operating across all the main oil and gas hubs. We have grown by 13% annually over the last five years and have established ourselves as a truly global business.
