OEG Boosts Global Presence with Acquisition

Published Jun 1, 2016
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OEG - Heiton
OEG Offshore Group Chief Executive, John Heiton (photo: OEG)

Offshore Cargo Carrying and A60 module company OEG Offshore (OEG) is moving into Norway, Congo and Myanmar for the first time, with its acquisition of AOR Containers, a major player in Europe, Africa and Asia.

The move makes OEG Offshore the second-largest provider of offshore cargo carrying units (CCUs) 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’s fleet matches the exacting specifications achieved across OEG Offshore’s operations, with DNV 2.7-1 accreditation in place throughout its modern fleet, which has benefited from investment of more than USD 60 million over the last two years.

AOR CEO Eirik Ellingsen joins OEG 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 roster of 140 employees.

OEG Offshore Group Chief Executive, John Heiton, says, “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 Myanmar 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.”

“Eirik Ellingsen is also a significant capture for OEG – he has extensive global experience at the helm of major suppliers of CCUs including the Ferguson Group in addition to AOR Containers,” adds Heiton.

Tags: AOR Containers, OEG Offshore


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