PartnerPlast acquires Exploration Support Services Inc

PartnerPlast AS from Åndalsnes, a supplier of advanced equipment to the international seismic and offshore industry, acquires the consultancy firm Exploration Support Services Inc. (ESS) based in Houston.

─ ESS is a company we have followed for some time and we consider it an exciting growth platform for PartnerPlast, says CEO Tom Samuelsen in PartnerPlast.

ESS provides consultancy services and rental equipment to companies in the marine exploration industry. The company is based in Houston, Texas with its services being offered to customers worldwide.

─ PartnerPlast has a clear ambition to further develop ESS within the core areas of business today, but also use the geographical location as a sales office for the products PartnerPlast offers to the seismic and offshore industry, says Tom Samuelsen.

─ I have known PartnerPlast for many years and strongly believe that with PartnerPlast as an owner, ESS can further develop and grow its services as well as further establish PartnerPlast in North and South America, tells former owner and CEO of ESS from new year Knut Fostad.

Key facts about the companies:

Exploration Support Services had revenues of approximately 8 million NOK in 2013, and has several experienced resources connected to the company. ESS is based in Houston, Texas and was established in 2008.

PartnerPlast AS is localised in Aandalsnes and has 34 employees. Total revenues in 2013 was 114 MNOK. The company is leading within design, construction and rotational moulded polymer and is a very important supplier of offshore, seismic and industry products.

PartnerPlast AS was acquired by Investinor, Salvesen & Thams, Norsk Mineral and Oskar Invest earlier this year: http://partnerplast.no/News/investering-i-partnerplast-as.html

Inquiries

CEO PartnerPlast Tom Samuelsen, phone +47 901 40 845

Aandalsnes / Houston 06.10.2014

Visit Exploration Support Services website here

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