MMA makes bold move to acquire Neptune

MMA Offshore today notified the market it had entered into a binding agreement to acquire fellow service provider Neptune Marine Services for a consideration of around A$18.5 million in a move to expand its subsea service offerings.

MMA makes bold move to acquire Neptune MMA makes bold move to acquire Neptune MMA makes bold move to acquire Neptune MMA makes bold move to acquire Neptune MMA makes bold move to acquire Neptune

The purchase consideration will comprise of $5 million cash with the balance of the consideration to be issued in MMA shares on completion.