NES Global Talent (NES) is pleased to announce it has entered into a definitive agreement with Akastor ASA, a leading oil service investment company, to add their Frontica Advantage (Advantage) business to its portfolio.
NES provides a range of contract and permanent talent solutions to the Oil & Gas, Power, Construction & Infrastructure, Life Sciences, Manufacturing and IT sectors worldwide. Advantage, a subsidiary of Frontica Group, is also a well-respected global human capital solutions provider to the oil & gas market, providing contract and permanent recruitment, managed services, global mobility, and outplacement for over 12 years.
Akastor will become a shareholder in the combined company. The combination creates a global leader in staffing services to the oil and gas industry.
Tig Gilliam, CEO, NES Global Talent comments:
“We are delighted to welcome the Advantage team to the NES Global Talent family. With this acquisition, we look forward to bringing the full resources of NES to Advantage clients on a global basis. In this most challenging market for Energy clients, geographic scope and breadth of capability is essential to deliver operational excellence and efficiency to our contractors and clients. Adding Advantage to the NES proposition further strengthens our leading position in the human capital solutions market for top engineering talent”.
Kristian Røkke, CEO of Akastor, adds:
“NES and Advantage are complementary businesses and form a powerful combination that will benefit our customers going forward with NES’s global operating platform,” says Kristian Røkke, CEO of Akastor. “This transaction will create a larger, more diversified business that will be better positioned for a stronger future than could be achieved on a stand-alone basis.”
Due to the strong business and brand reputation Advantage hold, NES Global Talent advised that there are no immediate changes to their operations and both businesses will continue to operate without disruption to customers or contractors.