Horizon Maritime, a marine and offshore services provider located in St. John's, Newfoundland and Labrador, has been acquired by Chouest Group, which is based in Louisiana. This acquisition marks a significant move for the Chouest Group as it seeks to expand its operations into the Canadian maritime sector. Horizon Maritime has established itself within the industry by providing various marine services, which are crucial to support offshore energy activities. While the specific financial terms of the deal have not been disclosed, this transaction could affect regional employment and service offerings in the marine industry. The acquisition may also signify increased interest from international firms in the Canadian offshore services market as it continues to evolve and grow due to rising demands and energy exploration activities.
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