M&As this week: Hunter Group, Paragon Industries, China Offshore Oil Engineering

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Hunter Group ASA has agreed to acquire a 100% stake in Dwellop AS for a purchase consideration of $21.79m, which will be funded through a combination of cash and equity.

Scheduled for completion by the end of this month, the transaction will allow Hunter Group to strengthen its service portfolio.

Paragon Industries Inc has merged with the US business of OEG Offshore Limited in order to expand its services in the Gulf of Mexico.

Paragon Industries offers baskets, containers, pallet and gang boxes, gas cylinder racks and cargo transporters for the oil and gas industry.

“The combined business will offer offshore containers for customers in the Gulf of Mexico.”

OEG Offshore provides similar products, in addition to cuttings and waste skips, workshops, offshore tanks and engineering cabins.

The combined business will offer offshore containers for customers in the Gulf of Mexico.

China Offshore Oil Engineering Co Ltd (COOEC) revealed plans to acquire Aker Subsea AS from Aker Solutions ASA, according to sources.

The transaction will allow COOEC to expand its subsea operations.

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