Aberdeen-based cargo and logistics specialist OEG Offshore is moving into new markets in Norway, Congo and Burma with its acquisition of rival AOR Containers.
The move makes OEG Offshore the second-largest provider of offshore cargo carrying units in the world, with the addition of AOR’s international fleet of 6,000 units – taking OEG Offshore’s total fleet to 25,000 units
AOR chief executive Eirik Ellingsen joins OEG Offshore as President as part of the deal, and will head up the combined companies’ regional operations. The Singapore-headquartered AOR’s 20 staff join OEG’s global workforce of 140 employees.
John Heiton, Chief Executive, OEG Offshore, explained: “AOR Containers has grown significantly over the past two years, with a sizable footprint in Norway, Africa, the far east and also the Americas.
“Securing its fleet moves us into the Norwegian, Congolese and Burmese markets for the first time, and pushes OEG further up the league table, becoming one of the two largest manufacturers and suppliers of cargo units for sale and lease worldwide.”