ALS Ltd moved to acquire Reservoir Group for US$533 million from SCF Partners. Reservoir’s existing senior management team has committed to continue in the business and is rolling over approximately 50% of their equity in Reservoir into ALS shares. Additionally, ALS moved to acquire Earth Data Pty Ltd for about $16.5 million. Earth Data provides gas sampling and analysis services to Australia’s oil and gas industries, and safety monitoring sampling and analysis for fugitive emissions to Australian coal mines.
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