Global energy services partner Kent has entered into a binding agreement to acquire Exceed Holdings, signalling a strategic expansion into the global decommissioning market.

This move aligns with Kent's objective to offer comprehensive services throughout the energy life cycle, from operations to the decommissioning of assets.

Exceed, based in Aberdeen, UK, operates in more than 40 countries and has a track record in offshore well projects, having drilled more than 70 wells and decommissioned more than 150.

The company's experience is expected to bolster Kent's global platform and enhance its ability to provide end-of-life solutions that are safe, compliant and cost-effective.

The acquisition also opens doors to the energy transition sector with Exceed's experience in repurposing reservoirs for carbon capture and hydrogen storage projects.

Kent CEO John Gilley said: “Exceed’s specialist capabilities in well and reservoir management, coupled with their strong reputation in decommissioning, complement our vision of offering full life cycle services to our clients.

“Together, we will be uniquely positioned to help the industry navigate energy security, net-zero mandates and the safe retirement of offshore assets.”

For Exceed, the deal with Kent means access to a wider client base, global reach and the financial strength to tackle larger projects across new regions.

Kent will benefit from the addition of Exceed's technical expertise, which complements its consulting and low-carbon engineering services, positioning the combined entity to offer sustainable solutions across the asset life cycle.

Exceed managing director Ian Mills said: “We have built Exceed over 20 years with a commitment to technical excellence, innovation and client trust. Joining forces with Kent is the natural next step.

“It gives us the financial backing and global reach to scale our expertise to new markets and opportunities, while preserving the same culture, entrepreneurial spirit and values that define us.”

The transaction is due to be finalised later this year. This marks Kent's second acquisition in recent months after its foray into the data centre sector with the purchase of Sudlows Consulting.

Last year, in December, Kent won a global engineering, procurement and construction management framework contract with bp.