Mergers & Acquisitions News

 

MacGregor Cleared to Buy TTS Unit

Jul 15, 2019

Marine and offshore equipment and services form MacGregor announced on Monday it has received a clearance decision from the Chinese competition regulator, SAMR, for the company’s acquisition of the marine and offshore businesses of TTS Group ASA. Based on revised estimates, potential cost synergies are estimated to be around EUR 25-30 million on annual level.MacGregor, part of Cargotec, had previously…

Anadarko Shareholders to Vote on Oxy Deal

Jul 12, 2019

Anadarko Petroleum Corp shareholders will vote Aug. 8 on the oil and gas producer's planned $38 billion sale to Occidental Petroleum Corp - the biggest oil and gas deal of the year.Occidental avoided its own shareholder vote on the deal by securing…

Total Sells UK North Sea Assets

Jul 10, 2019

French oil major Total has sold its stakes in 10 UK offshore fields to Petrogas NEO for $635 million, as the majors continue to divest non-core assets to private equity-backed companies looking to expand their upstream footprint in the region…

Murphy Oil Completes Malaysia Asset Sale

Jul 10, 2019

US-based independent Murphy Oil said it has completed the sale of its oil and gas assets in Malaysia to a subsidiary of Thai company PTT Exploration and Production (PTTEP).The transaction was announced in March 2019, with an effective economic valuation date of January 1…

Maersk Firm to Buy Wind Turbine Supplier

Jul 10, 2019

A.P. Moller Holding, which controls Danish shipping giant A.P. Moller-Maersk will acquire Danish wind turbine supplier KK Group, it said on Wednesday, in a first step into the renewable energy industry.The acquisition marks a new direction for the family-owned company…

Allseas Buys Bluerise in Renewables Push

Jul 09, 2019

Offshore contractor Allseas says it has acquired Bluerise, a developer of ocean thermal energy conversion (OTEC) technology, in a push targeting the renewables industry.Based in Delft, the Netherlands, Bluerise, founded by Berend Jan Kleute and Remi Blokker…

Acteon Acquires Proserv’s Field Technology Services

Jul 08, 2019

Subsea services group Acteon announced on Monday it has acquired Proserv’s field technology services (FTS) business unit, including its surveying capability. The exact terms of the transaction were been disclosed.The services and facilities of the FTS business…

Buss Acquires SSC Wind

Jul 08, 2019

Hamburg-based Buss Group has acquired SSC Wind from Wildeshausen with an aim to expand its services in the offshore and onshore wind markets.In future, the company will operate on the market under the company name Buss Wind Services GmbH.With this strategic step…

Imenco Buys Proserv's Nautronix Unit

Jul 05, 2019

Controls technology company Proserv said it has sold its through-water digital acoustic communications and positioning systems business, Nautronix, to Imenco, a Norwegian supplier of subsea electronic and mechanical products.The divested unit will become a division within Imenco…

Energean to Buy Edison's Oil and Gas Unit

Jul 04, 2019

Israel-focused gas driller Energean said on Thursday it will buy Italian energy group Edison's oil and natural gas unit for an initial consideration of $750 million.The acquisition would significantly expand Energean's operations in the growing eastern Mediterranean gas hub…

Expro Acquires Quality Intervention

Jul 02, 2019

Oilfield services company Expro announced it has acquired 100% of the equity of technology company Quality Intervention AS (QI).The Norwegian-based company was founded in 2008 and provides a portfolio of products and services that includes coiled tubing technology (CoilHose)…

Icahn Steps up Fight with Occidental

Jun 26, 2019

Billionaire investor Carl Icahn on Wednesday ratcheted up his fight with Occidental Petroleum over its pending purchase of rival Anadarko Petroleum by calling for a special shareholder meeting where he hopes to win board seats.In a regulatory filing…

Aqualis completes Braemar Acquisition

Jun 21, 2019

Offshore engineering consultant Aqualis has completed the acquisition of the London-based Braemar Shipping Services' offshore, adjusting and marine consultancy business Braemar Technical Services (BTS).The new company, called AqualisBraemar…

TGS Shareholders Approve Spectrum Acquisition

Jun 21, 2019

Seismic survey company TGS-NOPEC Geophysical Company (TGS) said its shareholders have approved a deal to acquire rival Spectrum ASA.Kristian Johansen, Chief Executive Officer of TGS, said, “Spectrum’s portfolio will enhance TGS’ position as…

Acteon Acquires TerraSond

Jun 20, 2019

UK based subsea Services group Acteon announced it has completed its acquisition of marine geosciences survey company TerraSond.US-headquartered TerraSond is a multidisciplinary geospatial and geophysical business with global experience working for clients in industries such as offshore oil and gas…

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