Swiber acquires 38% stake in Deltatek Offshore

DOL, incorporated in Nigeria, is principally engaged in providing offshore engineering, procurement, construction, installation and commissioning services in the sub-Saharan Africa region.

“Based on the audited financial statements of DOL for the period ended 31 December 2014, the net tangible asset value of DOL was approximately $23,397,” Swiber mentioned in a statement.

Swiber said the acquisition will be funded through internal resources and is not expected to have any impact on its financial year ending 31 December 2016.