ASCO on acquisition hunt downunder

The Scottish services group bought a 60 per cent stake in onshore oil and gas logistics firm Bonnie Rock Transport for $28m, its third Australian acquisition in recent years.

Scottish oil and gas services company ASCO has acquired a 60 per cent stake in Perth-based onshore oil and gas logistics and services company Bonnie Rock Transport for $28 million.

It is the Aberdeen-based company’s third Australian acquisition since it began operating in the country four years ago and the company is looking for more acquisitions, says  ASCO Australasia chief executive Matt Thomas.

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