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US group Rignet snaps up Nessco in £31m deal

OIL and gas telecoms specialist Nessco Group Holdings has been bought in a deal which could be worth more than £31 million.

US-based Rignet, which is listed on the NASDAQ stock exchange, is paying an initial £29.5m with a further £1.6m dependent on certain criteria being met.

The transaction includes the purchase of Nessco's 30,000 square feet headquarters facility in Aberdeen.

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