On Dec. 7, Aker Solutions said it completed the acquisition of a 70% majority stake in Brazil’s C.S.E. Mecanica e Instrumentacao Ltda., which provides maintenance, assembly, commissioning and crane operations to onshore and offshore oil and gas facilities.
Aker Solutions will access Brazil’s growing market for service in existing oil and gas fields, and plans to expand to key international markets.
The agreement to acquire the stake was announced in October, and included an option for Aker Solutions to purchase the remaining 30% of the company three years from now.
In 2015, C.S.E.’s revenue in Brazilian reais was 322 million.
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