Ezra Holdings inks US$520m consolidation deal with Oslo-listed EOC

Ezra's offshore services platform will be worth over US$1 billion.

Singapore Ezra Holdings today announced that it has entered a business consolidation agreement with its associate company, Oslo-listed EOC Limited.

Ezra will transfer its offshore support services division, EMAS Marine, to EOC for a total sum of US$520m.

Once the transaction is completed, Ezra is set to become one of the largest offshore support operators in Asia Pacific by asset value, managing an offshore services platform comprising over US$1 billion in offshore support assets.

“By bringing together EMAS Marine and EOC, Ezra has created an offshore solutions provider in the region that is ahead of its peers in terms of fleet capabilities,” said Lionel Lee, Ezra’s Group CEO and Managing Director.