Norwegian oil services provider Aker Solutions has entered into a deal to acquire Thrum Energy, a Canadian Asset Integrity Management (AiM) company, for an undisclosed amount.

"It is expected that the takeover will help the company to increase its AIM portfolio and expand its presence."

It is expected that the takeover will help the company to increase its AIM portfolio and expand its presence in the Atlantic Canada market.

Thrum Energy, which is based in the Newfoundland region of Canada, helps clients ensure that their project is being executed in line with all contractual specifications, codes and standards alongside meeting regulatory requirements.

Aker Solutions Maintenance Modifications and Operations head Tore Sjursen said the acquisition will be a key complement to the company’s AIM business.

"With the acquisition of Thrum Energy we will increase our own competence as well as expand our offering to customers geographically," Sjursen added.

The transaction is anticipated to be completed in the fourth quarter of 2012.

The company’s asset integrity management consists of maintenance engineering, integrity management and advanced inspection and monitoring solutions, from early design throughout the lifetime of an asset.

Aker Solutions provides oilfield products, systems and services for the oil and gas industry throughout the world, and supplies engineering and technological solutions for oil and gas drilling, field development and production.

Aker claims that its services will help oil companies reduce risk and improve availability of their offshore and onshore assets.