Subsea services group Acteon has acquired the international field technology services and survey business units of Proserv.
The field technology services business provides cutting, friction stud welding and pipeline maintenance services from bases in Stavanger (Norway), Houma (US), Singapore and Aberdeen (UK). The deal adds subsea cutting expertise to Acteon’s Claxton brand with the integration of additional services and facilities.
Acteon said the integration will allow rapid globalisation of Claxton’s complementary well decommissioning, riser and conductor and surface pressure control offerings.
The Survey business unit will join subsea services group’s existing UTEC Survey business, an independent global surveying firm. As part of the transaction, which is anticipated to be completed at the end of July 2019, Proserv businesses president Sam Hanton will join Acteon with his complete management team.
Acteon chief executive Richard Higham said: “This is a fantastic opportunity to join two complementary businesses together, firstly by adding capabilities and capacity to our UTEC Survey offering and secondly by rapid globalisation of our Claxton product and service range, particularly in Norway and the Far East.
“The subsea cutting expertise of Proserv’s Field Technology Services, with its recognised position in the decommissioning of subsea structures and pipelines, fits really well with Claxton’s existing position in the well plugging and abandonment market.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
Earlier in 2019, Acteon agreed to acquire US-based offshore marine geotechnical and geophysical survey company Benthic. Benthic adds deepwater and ultra-deepwater surveying capabilities to Acteon via its portable remotely operated drill technology.