ABS Group Concludes Acquisition of Safetec Nordic AS

(Press Release)
Thursday, January 12, 2012
ABS Group of Companies, Inc. concluded its acquisition of Safetec Nordic AS, with a signing ceremony attended by senior ABS, ABS Group and Safetec management in Trondheim, Norway, on January 5, 2012. 
ABS and ABS Group Chairman, Robert D. Somerville, ABS Vice President David Weinstein, ABS Group CEO and President Tony Nassif and ABS Consulting President David Walker joined Safetec CEO Jan Morten Ertsaas, Safetec Board Chairman Jon Daniel Nesje and Professor Jan Erik Vinnem to sign the agreement bringing Safetec into the ABS Consulting organization.
The acquisition of Safetec will broaden the range of solutions and services provided to ABS Consulting’s offshore customers as well as strengthen its presence along the Norwegian Continental Shelf, the North Sea, wider European markets and with Norwegian clients operating in the oil and gas industry around the world.
ABS Chairman Robert D. Somerville said the acquisition represented an important step in equipping ABS Consulting to meet the increasingly complex challenges in the offshore sectors. “We are pleased to be closing the Safetec acquisition. This is an agreement which will enable ABS Consulting to enhance the delivery of services and programs that meet our client’s challenges today and tomorrow.”
Safetec CEO Jan Morten Ertsaas said, “The resources of Safetec complement those of ABS Consulting, resulting in an enhanced service offering to clients.”
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