M&As this week: GATE, Well-Safe Solutions
GATE has completed the acquisition of PDI Solutions for an undisclosed purchase consideration.
PDI Solutions offers operation, maintenance and inspection services to the upstream and midstream segments of the oil and gas industry.
The acquisition allows GATE to expand its services portfolio to diversify into new sectors.
Well-Safe Solutions has completed the acquisition of Intervention Project Management (IPM).
IPM provides independent engineering, project management and consultancy services for the oil and gas industry.
Simmons & Company International was the financial advisor to Well-Safe Solutions for the transaction.
The acquisition allows Well-Safe Solutions to fortify and enhance its service portfolio.