We initiate coverage of Dietswell (Buy): the company is an engineering contractor to the oil, gas and energy sectors. It is an asset-light company with technical knowledge that provides solutions to its clients along the complete drilling value chain. As part of its diversification strategy, Dietswell is using its competencies gained in offshore oil and gas activities to design and develop an offshore floater for wind turbines. This is not the first time an oil and gas contractor has moved to
