01st February, 2016
The Competentia Group is pleased to announce that it has acquired the entire shareholding of Link Oil & Gas Professionals, Inc. ("Link") from Link Oil & Gas Professionals Limited (UK) as of 28 January 2016.
Link joins the Competentia Group with immediate effect, significantly boosting Competentia’s presence in North America. The Group doubles its consultant headcount as a result of the acquisition. Now employing more than 600 highly skilled oil and gas professionals worldwide, the Competentia Group becomes the largest independent Norwegian provider of technical professionals to the oil and gas industry worldwide.
Competentia will boast an expanded global reach with an increased ability to offer recruitment for contract staff, permanent hires, global mobility services and managed solutions to clients throughout the entire asset lifecycle of oil & gas projects worldwide; from exploration to production, storage, refining and distribution.
The acquisition of Link will both complement and add to Competentia’s suite of upstream oil and gas deliverables by significantly strengthening the Group’s presence in the midstream and downstream markets in the USA. Link brings with it an impressive portfolio of longstanding client relationships in the midstream and downstream sectors.
Geir Egil Olsen, CEO Competentia Group, says; “We are extremely pleased with this acquisition which gives us immediate stronghold in the mid, -and downstream market in North America. Link Management and operations team has significant and extensive relevant experience, and together with the other companies in the Competentia Group this means we should be well positioned for rapid growth both with new and existing clients, as well as in additional geographic locations in the region.”
Odd-Arne Kleveland, Chairman Competentia Group, adds; “We believe that the geographical and operational fit between the two companies is optimal and that the company, following this acquisition, will be very well positioned to accommodate the needs of our clients with a high degree of quality and service on a global basis.”
Link joins the Competentia Group’s other Houston-based subsidiary, deepwater drilling and completions specialists and training provider Argonauta Energy Services, as part of a continued strategic expansion in a market with exciting growth potential.