Forum Energy Technologies, Inc. (FET) announced today the acquisition of Specialist ROV Tooling Services, Ltd of Insch, Scotland, U.K. Specialist is a leading provider of intervention tooling and custom engineered product solutions for the subsea intervention market. The acquisition of Specialist and its reputation for responsive, innovative subsea solutions further demonstrates Forum's commitment to strengthen its broad range of subsea products and services. Terms of the transaction were not disclosed.
Stork Technical Services extends global footprint with acquisition of the RBG Group in partnership with Arle
Stork Technical Services and Arle today announced the acquisition of RBG Limited, the UK based supplier of inspect, assess and repair services to the global energy industry. RBG Limited, which in 2010 had revenues of c.£300m, has been acquired as a strategic addition to Stork Technical Services Holding B.V., a leading knowledge-based asset integrity management company with 2010 revenues of c.€1,000m. The acquisition was made through London Acquisition Luxco Sarl, the ultimate parent of Stork Technical Services. The cost of the acquisition and funding structures are not being disclosed.
Unique Maritime Group, a leading global provider of specialised engineering solutions to the subsea and offshore oil and gas industries, has recently completed the acquisition of Seaflex Ltd, a specialist in marine buoyancy products and water filled test weights . This development is the latest in a series of recent acquisitions which have enhanced Unique Maritime Group's product and services portfolio as part of its ongoing growth plans.
Fugro has reached agreement with JDR Cable Systems (Netherlands) Ltd to acquire JDR Cable Systems Holdings Netherlands BV and its marine cable subsidiary JDR Cable Systems BV, together comprising JDR's Marine Cables division.
Trimble enters into definitive agreement to acquire Ashtech to expand its Spectra Precision GNSS portfolio of survey solutions
Trimble announced today it has entered into a definitive agreement to acquire privately-held Ashtech S.A.S., headquartered in Carquefou, France, and its affiliates. The acquisition is expected to expand Trimble's Spectra Precision portfolio of survey solutions and allow the company to better address emerging markets worldwide. Closing of the transaction, anticipated in the second quarter, is subject to certain closing conditions. Financial terms were not disclosed.
HITT NV, supplier of traffic management, hydrographic and navigation systems for aviation and shipping signed today the Share Purchase Agreement with the owners of IVS 3D.
Rutland Partners, the turnaround and restructuring specialist, is pleased to announce the €31 million acquisition of GEMS International NV ("GEMS") which engages in subsea technical analysis and surveying. Rutland has invested €16 million for a majority shareholding in GEMS. Rutland was introduced to GEMS in late January, went exclusive in early February and completed the acquisition in three weeks.
Sonavision Ltd., world leaders in the fields of seabed mapping, imaging sonar and acoustic communications, has been acquired by Nortek AS based in Rud, Norway. Nortek is a well established company involved in the development and manufacture of Acoustic Doppler Current Profilers (ADCP) and current meters for use in the ocean, rivers, lakes and laboratories.