ASCO acquires safety training and lifting specialistCompany News // July 3, 2012
ASCO, the oil and gas logistics company, has acquired North Sea Lifting Limited (NSL), an international safety training and lifting specialist.
Headquarted in Aberdeen, UK, NSL also has bases in Texas and Louisiana in the US. It has around 50 personnel worldwide.
Derek Smith, ASCO's Chief Operating Officer, said: "NSL is a highly regarded business in the oil and gas safety training market and I am delighted that we can welcome its team to ASCO.
"This acquisition supports our growth strategy allowing us to seize the exciting opportunities that lie ahead for ASCO, notably by providing a wider scope of oil and gas services in addition to our logistics, waste management and freight services. It offers exciting opportunities for all involved.
“Our priority is now to quickly and smoothly integrate the teams from NSL so that our combined teams can focus on delivering even more value to our international client base.”
All of NSL’s staff will remain with the business. The value of the acquisition was not disclosed.