Extract from our Nordic M&A Newsletter

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AQS’ majority owner acquires minority owners’ shares
May 24, 2019

Fanøyskjæret, the majority owner of AQS, a Norwegian-based maritime service company, has acquired the shares of two minority owners. AQS was based on a merger between KB Dykk and AQS last summer. Fanøyskjæret now owns 77 pct of the company and NTS, the remaining shareholder, owns 23 pct. AQS reported a turnover of NOK 169m and EBITDA of NOK 32.7m in 2017. The deal value is undisclosed.

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