Tidewater Inc. has enters into agreement with HitecVision to purchase Troms Offshore Supply AS

Tidewater Inc. has entered into an agreement with HitecVision to purchase Troms Offshore Supply AS for about $395 million. The acquisition 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. “This transaction is recognition of the strategy, focus and competence provided by our staff at all levels across the fleet and onshore,” says Troms Offshore’s CEO Mårten Lunde.