Yesterday’s announcement by my favourite oil and gas equipment and services group, Hunting (LON:HTG), concerned the £50m cash acquisition of the Northumberland-based Flexible Engineered Solutions.
From what I can see, this purchase makes an excellent fit into the group’s growing offshore and subsea services portfolio.
The FES deal provides Hunting with access to proprietary subsea fluid transfer technologies and system solutions for the offshore oil and gas and renewable energy industries, which are well-aligned to its current customer base.
It increases its product coverage ...
