Odfjell Technology Ltd. (OB:OTL) is looking for acquisitions. Simen Lieungh, Chief Executive Officer said "We opened new operations in offshore Africa, deepwater Africa and Canada, which is a harsh environment. We opened that in Third Quarter and with expected good revenue and good margin levels.

We are actually, as we have communicated many times now, that we are looking at growth. We are looking at type of M&A, bolt-on acquisitions to get hold of technologies that will fit into our portfolio of product lines. And when we kind of map what we see within Well Services going forward, we are, I would say, looking at some solutions that we need to develop in order to play the market well.

So both organic and via M&A, we are looking at growing the company internationally. And we are looking at new markets where we see that the market developments are high".