In a stock exchange announcement on 15 April 2026, AF Gruppen disclosed that it
had entered into an agreement to acquire all the shares in Claxton Engineering
Services. AF Gruppen has today completed the acquisition of these shares.
The enterprise value is GBP 63.5 million, corresponding to approximately NOK 800
million. The consideration is paid in cash and is financed from AF Gruppen's
liquidity reserves.
The transaction comprises the operating companies Claxton Engineering Service
Ltd. (UK), Probe Manufacturing and Fabrication Ltd. (UK), Claxton Engineering
Services Pte. Ltd. (Singapore), Claxton Services Pty. Ltd. (Australia), Claxton
Engineering Services LLC SPC (Abu Dhabi), Claxton Engineering Services AS
(Norway) and Claxton Services Inc. (USA).
Claxton will be organised as a new business unit within the Offshore business
area of AF Gruppen.
For further information:
Chief Executive Officer, AF Gruppen, Amund Tøftum, tel. +47 920 26 712
EVP Offshore, AF Gruppen, Lars Myhre Hjelmeset, tel. +47 970 39 084
e Hjelmeset\, tel. +47 970 39 084\