Norway, Feb. 25 -- Odfjell Technology Ltd has entered into agreements to acquire a 70% ownership stake in Kaseum Holdings Limited and Razor Oiltools Limited, two complementary businesses supporting lightweight intervention and Plug and Abandonment (P&A). The transaction will strengthen Odfjell Technology's position in high-margin, technology-led services and support the Group's long-term strategic direction. Strategic rationale The acquisition addresses a clear trend in the energy market, with increasing activity in P&A and intervention driven by ageing fields and a shift toward wireline-deployed, lightweight solutions. Kaseum and Razor together provide proprietary technology, proven service capability, and immediate scale within this segme...