Paratus Energy Services to sell Jack-up business, Fontis Energy, to Borr Drilling Limited, simplifying the company and sharpening strategic focus.

Borr Drilling Limited (BORR) announces the sale of its Jack-up business, Fontis Energy, marking a transformative milestone for the company. After the transaction, Paratus will be the world's only pure-play PLSV company of scale, operating in a resilient and infrastructure-linked segment of the offshore market. The deal simplifies the company and sharpens its strategic focus.