Tidewater TDW Solstad Offshore PSV Acquisition 2023

Tidewater Inc. announces a $577 million all-cash acquisition of 37 high-specification platform supply vessels (PSVs) from Solstad Offshore ASA, expected to close in Q2 2023. The transaction strengthens TDW's position as the largest high-specification offshore support vessel operator and enhances cash flow generation capabilities as the offshore market recovery progresses.