Kurt Waldeland
CEO & Director
Welcome, everyone, and thank you for joining this joint presentation by Energy Holdings and Ventura Offshore following today’s announcement of our proposed combination. My name is Kurt Waldeland, and I’m the CEO of Energy Holdings. I am joined today by Guilherme Coelho, CEO of Ventura Offshore; and Gunnar Eliassen, Chairman of Ventura Offshore. We are very excited about the proposed combination and the opportunities it creates for both companies and our shareholders. I will now hand it over to Gunnar for some opening remarks.
Gunnar W. Eliassen
Thank you very much, Kurt, and thank you, everyone, for joining this call. We are equally excited about bringing these 2 companies together, and we think it creates a lot of opportunities for the joint shareholders. Regarding the strategic rationale, we try to remove all the buzzwords, try to remove the typical McKinsey phrases and try to boil it down to simple language. Why are we pursuing this transaction? And it comes down to scale.
Point 1, the combined entity, I believe, can pursue growth transactions that Energy Holdings and Ventura Offshore couldn’t do on a stand-alone basis. That goes for growth transactions both within existing verticals and also adjacent new verticals. From a Ventura perspective, I view this as a forward-leaning transaction where we’re not looking at stepping back, but quite the opposite. We are pursuing this transaction to become part of a larger platform because we think the larger platform enables us to jointly unlock opportunities, again, that we cannot pursue on our own.
We’ve seen that with our own eyes on the Ventura side the