Africa Oilfield Logistics has announced that the company's board has agreed to acquire the total issued share capital of Ardan Logistics Kenya Limited
The general meeting will be held next month, giving an opportunity to change the company’s name to “Atlas Development & Support Services Limited”, said Africa Oilfield Logistics.
"Ardan’s unaudited revenues for the six month period ending 30 June 2014 increased significantly to US$20.6mn compared with the previous full year result to 31 December 2013 of US$22.5mn," stated Carl Esprey, chief executive Officer of Africa Oilfield.
According to the company, this demonstrated what can be achieved through the professionalised and rationalised business structure.
“The acquisition of the entirety of Ardan’s operations is the next step in the company’s objective of becoming the leading professional, efficient and profitable turn-key development and support services group in sub-Saharan Africa. Under the new branding of “Atlas Development & Support Services,” we intend to take a joined-up approach to the expansion and delivery of our industry-leading services,” added Esprey.