Tidewater Announces Completion of Swire Pacific Offshore Acquisition
April 22 2022 - 4:30PM
Business Wire
Tidewater Inc. (NYSE: TDW) (the “Company”) today announced the
completion of its acquisition of Swire Pacific Offshore Holdings
Limited (“SPO”), a subsidiary of Swire Pacific Limited (HKSE:
0019.HK and 0087.HK), effective April 22, 2022. The completion of
the SPO acquisition adds 50 vessels to the fleet and creates the
world’s leading OSV operator.
Quintin Kneen, Tidewater’s President and Chief Executive
Officer, commented, “We are pleased to announce the closing of this
acquisition and we are excited to welcome our new employees and
customers to Tidewater. This acquisition marks the completion of
another important milestone in the strengthening of Tidewater’s
leadership position in the OSV industry as we capitalize on the
recovery of the offshore vessel market.”
About Tidewater
Tidewater owns and operates one of the largest fleets of
offshore support vessels in the industry, with more than 65 years
of experience supporting offshore energy exploration, production,
generation and offshore wind activities worldwide.
Forward-Looking Statements
In accordance with the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995, Tidewater notes that
certain statements set forth in this press release contain certain
forward-looking statements which reflect our current view with
respect to future events and future financial performance.
Forward-looking statements are all statements other than statements
of historical fact. All such forward-looking statements are subject
to risks and uncertainties, many of which are beyond the control of
the Company, and our future results of operations could differ
materially from our historical results or current expectations
reflected by such forward-looking statements. Investors should
carefully consider the risk factors described in detail in the
Company’s most recent Form 10-K, most recent Form 10-Q, and in
similar sections of other filings made by the Company with the SEC
from time to time. The Company’s filings can be obtained free of
charge on the SEC’s website at www.sec.gov. Except to the extent
required by law, the Company expressly disclaims any obligations or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained in this press release to
reflect any change in the Company’s expectations or any change in
events, conditions or circumstances on which any statement is
based. Forward-looking statements and written and oral
forward-looking statements attributable to the Company or its
representatives after the date of this release are qualified in
their entirety by the cautionary statements contained in this
paragraph and in other reports filed by the Company with the
SEC.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220422005541/en/
Tidewater Inc. West Gotcher Vice President, Finance and Investor
Relations +1.713.470.5285
Tidewater (NYSE:TDW)
Historical Stock Chart
From Jun 2024 to Jul 2024
Tidewater (NYSE:TDW)
Historical Stock Chart
From Jul 2023 to Jul 2024