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Stock impact report

Civeo acquires Action Industrial Catering, a strategic entry point into Western Australia’s catering and managed services industry

Civeo Corporation (Canada) Common Shares (CVEO) 
Last civeo corporation (canada) common shares earnings: 10/25 06:30 am Check Earnings Report
US:NYSE Investor Relations: ir.civeo.com
Company Research Source: GlobeNewswire
HOUSTON and SYDNEY, Australia, July 01, 2019 (GLOBE NEWSWIRE) -- Civeo Corporation (NYSE:CVEO) today announced that it has acquired Action Industrial Catering (“Action”), a provider of catering and managed services (“integrated services”) to the remote mining industry in Western Australia. The acquisition significantly enhances Civeo Australia’s service offering and geographic footprint by providing an entry point into the growing integrated services opportunities in the Western Australian remote mining market. The terms of this cash transaction are not being disclosed by the parties. Established in 1995, Action is based in Perth, Australia and currently operates approximately 900,000 room nights per year for leading iron ore, gold, nickel and battery mineral producers. This acquisition brings contract visibility and strong relationships with top tier customers in Western Australia who are poised to benefit significantly from market trends, including expansionary projects in W Show less Read more
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