Adnoc L&S Expands Material Handling Services With Major Equipment Acquisition
ADNOC Logistics & Services (ADNOC L&S) the shipping and maritime logistics arm of Abu Dhabi National Oil Company (ADNOC) announced the acquisition of the UAE-based assets of Speedy Hire PLC (Speedy) the UK’s leading provider of tools and equipment hire for the oil & gas construction and industrial sectors. Under the terms of the acquisition ADNOC L&S will take ownership of Speedy’s equipment stock and other fixed assets relating to...