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Tidewater Announces Agreement to Acquire Troms Offshore Supply AS

May 14, 2013 - Business Wire
Mergers and Acquisitions

Tidewater Inc. (NYSE: TDW), through a wholly-owned subsidiary, has entered into an agreement with HitecVision to purchase Troms Offshore Supply AS ("Troms Offshore") for approximately $395 million. The acquisition of Troms Offshore, headquartered in Tromsø, Norway, will expand Tidewater's global footprint into the Norwegian sector of the North Sea and supplement Tidewater's experience and vessel fleet operating in harsh environments, including cold climates. The Troms Offshore-owned fleet is ex...