Mergers & Acquisitions News

 

Yinson Buys Ezion

Apr 02, 2019

Singapore's ailing offshore and marine firm Ezion Holdings (EHL) has found a saviour in Malaysian-listed Yinson Holdings, the world's sixth largest floating, production, storage and offloading (FPSO) operator.Yinson Eden Pte Ltd (YEPL) made…

Fred. Olsen Ocean Buys Stake in UWL

Mar 28, 2019

Fred. Olsen Ocean (FOO) has entered into an agreement to acquire a 50% ownership in United Wind Logistics GmbH (UWL) through the contribution of new equity in the amount of EUR 12 million.The ownership split in UWL will be FOO 50.0 %, United Shipping Group GmbH 37…

Seacrest in Talks to Sell Azinor

Mar 27, 2019

Private equity fund Seacrest Capital is in talks to sell part or all of its British North Sea-focused oil exploration firm Azinor Catalyst, which could fetch between $60-$100 million, having received unsolicited offers for it, banking and industry sources said…

Aleron Acquires IMPAQ

Mar 27, 2019

Aberdeenshire-based subsea firm Aleron Group said it has acquired electrical drive engineering specialist IMPAQ as part of a plan to expand beyond offshore oil and gas into new markets including military, defense and nuclear industries.“This…

C-Automation Buys Proserv Drilling Services

Mar 27, 2019

Aberdeen-headquartered controls technology company Proserv has agreed to sell its drilling services business (TIC) to pressure control systems specialist C-Automation.The divested business will now trade as C-Automation Services, said a press release…

EOM Offshore Acquires Ocean Tech Services

Mar 26, 2019

Oceanographic technology and marine services provider EOM Offshore announced Tuesday it has acquired the assets and operations of the New Jersey-based marine services provider Ocean Tech Services.Ocean Tech Services has a decade of experience…

Ophir Agrees to be Bought by Medco

Mar 21, 2019

London-listed Ophir Energy Plc said on Wednesday it agreed to be bought by Indonesian oil and gas group Medco for a sweetened cash bid of 408.4 million pounds ($539 million) after previously agreeing to a lower offer.Under the terms, Ophir shareholders will receive 57…

MeeMaken Buys Into Blue Offshore

Mar 21, 2019

Venture capital company MeeMaken BV has acquired a majority stake in Dutch carousel and tensioner manufacturer Blue Offshore Group. Blue Offshore’s management team will maintain ownership of a minority of the company’s shares.Blue Offshore, headquartered in The Hague…

Global Energy Takes Over Apollo Offshore

Mar 21, 2019

Global Energy Group, the provider of contract services to the oil and gas industry, has bought a majority stake in Aberdeen-based Apollo Offshore Engineering, forming a new contractor firm.The new company will be named Global Engineering and Construction (E&C)…

4Subsea Acquires Astori

Mar 20, 2019

Engineering firm 4Subsea said it has acquired Astori, a Norwegian provider of subsea control systems for well intervention operations.Astori delivers subsea control systems for simplified XT installations that can operate all types of XTs from all main vendors…

Aker Solutions Buys Stake in Airborne

Mar 15, 2019

Airborne Oil & Gas announced Friday that Aker Solutions has joined its shareholder base to further strengthen, integrate and diversify its range of thermoplastic composite pipe (TCP) solutions for the international subsea sector.The global engineering…

EC Probes E.ON-Innogy Merger

Mar 11, 2019

The European Commission has opened an in-depth investigation into German utility E.on's  takeover of certain assets from domestic Innogy, saying the transaction may lead to higher prices for consumers.The deal, which is worth a reported €43 billion ($48 billion at today's conversion rate)…

Boskalis Buys UAE's Horizon Group

Feb 22, 2019

Dutch marine contractor Royal Boskalis Westminster has acquired a 62.5% majority stake in the UAE's Horizon Group to expand its surveying capabilities.According to press statement, the remaining 37.5% of the shares will be held by the incumbent management…

Ensco, Rowan Merger Approved

Feb 22, 2019

Offshore drilling contractors Ensco plc and Rowan Companies plc Rowan Companies plc have received the final approval for their merger, which was announced four months ago.In a joint announcement, shareholders for both companies voted to approve…

Verus Petroleum Up For Sale

Feb 21, 2019

Private equity firm HitecVision is seeking to sell its British North Sea oil and gas production unit Verus Petroleum, which last year completed a string of large acquisitions ramping up its output, industry and banking sources said.The sale…

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