Subsea services group Acteon acquired Bruce Anchor in a move that the company says has improved its capabilities in the provision of temporary and permanent mooring systems.
The acquisition adds to Acteon’s capability in the mooring and installation market. Providing anchor technology to global clients in the oil and gas and renewables sectors, Bruce Anchor will retain its independence within the Acteon portfolio.
“The acquisition strengthens Acteon’s offering to its global client base. While the products are complementary to those already in our group companies, we will ensure that Bruce Anchor retains its independence to allow our moorings businesses to offer the best possible technical solutions for all applications,” said Bernhard Bruggaier, executive vice president of operations, Acteon.
Reporting to Bruggaier, Bruce Anchor’s director of sales, Steve Broadbent, will manage the business. He will be supported by the founder, Peter Bruce, during the transition into Acteon.
“I’m pleased to hand over the reins and look forward to supporting Acteon during the transition and into the next era for the Bruce brand,” said Bruce.
The transaction was completed on 21 December 2016.