AQS AS signed a letter of intent to acquire KB Dykk AS from NTS ASA (OB:NTS), Kåre Bjørn Krystad and Ola Krystad on April 16, 2018. AQS AS entered into an agreement to acquire KB Dykk AS from NTS ASA (OB:NTS), Kåre Bjørn Krystad and Ola Krystad on July 12, 2018. The exchange rate in the merger is agreed at 54% for AQS and 46% for KB Dykk. On completion, NTS will take stake in AQS of approximately 23%. KB Dykk had turnover of €11.6 million in 2017. The transaction is expected to complete during first half of 2018. As on July 13, 2018, the transaction is expected to close on September 3, 2018. AQS AS cancelled the acquisition of KB Dykk AS from NTS ASA (OB:NTS), Kåre Bjørn Krystad and Ola Krystad on January 13, 2019.