M&A Deal Summary

Acteon Acquires Viking SeaTech

On August 16, 2017, Acteon acquired energy services and equipment company Viking SeaTech from Enerpac Tool Group for 12M USD

Acquisition Highlights
  • This is Acteon’s 3rd transaction in the Energy Services and Equipment sector.
  • This is Acteon’s largest (disclosed) transaction.
  • This is Acteon’s 4th transaction in the United Kingdom.

M&A Deal Summary

Date 2017-08-16
Target Viking SeaTech
Sector Energy Services and Equipment
Buyer(s) Acteon
Sellers(s) Enerpac Tool Group
Deal Type Divestiture
Deal Value 12M USD

Target

Viking SeaTech

Aberdeen, United Kingdom
website
Viking SeaTech Ltd. is an offshore support specialist providing a comprehensive range of equipment and services to the offshore oil and gas industry. Viking serves customers globally with its primary markets in the North Sea (U.K. and Norway) and Australia.

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Buyer(S) 1

Buyer

Acteon

Norwich, United Kingdom

website


Category Company
Founded 1989
Sector Energy Services and Equipment
Employees2,000
DESCRIPTION

Acteon is a global oilfield services provider focusing on the provision of subsea services and products. Acteon was founded in 1989 and is based in Norwich, United Kingdom.


DEAL STATS #
Overall 6 of 7
Sector (Energy Services and Equipment) 3 of 4
Type (Divestiture) 1 of 1
Country (United Kingdom) 4 of 5
Year (2017) 2 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-16 Mirage Machines

Derby, United Kingdom

Mirage Machines Ltd. is a designer and manufacturer of portable machine tools. Mirage Machines was founded in 1993 and is based in Derby, United Kingdom.

Sell $16M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-04 Viking Moorings

Aberdeen, United Kingdom

Viking Moorings is a provider of mooring solutions to the oil and gas sector for key assets such as semi-submersible drilling rigs, drillships and floating accommodation platforms. The services which Viking provides include initial design and engineering assessments, computer modelling and simulation, procurement of equipment, mobilisation, equipment rental and demobilisation through to spooling and equipment testing. Viking Moorings was founded in 1985 and is based in Aberdeen, United Kingdom.

Buy -

Seller(S) 1

SELLER

Enerpac Tool Group

Menomonee Falls, Wisconsin, United States

website


Category Company
Founded 1910
Sector Machinery
Employees2,200
Revenue 571M USD (2022)
DESCRIPTION
Entrance to Actuant's corporate headquarters in Menomonee Falls, Wisconsin.
Entrance to Actuant's corporate headquarters in Menomonee Falls, Wisconsin.

Enerpac Tool Group is a premier industrial tools and services company serving a broad and diverse set of customers in more than 90 countries. Enerpac Tool Group businesses are in high-pressure hydraulic tools, controlled force products and solutions for precise positioning of heavy loads that help customers safely and reliably tackle some of the most challenging jobs around the world. Enerpac Tool Group was founded in 1910 and is based in Menomonee Falls, Wisconsin.


DEAL STATS #
Overall 6 of 8
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 6 of 8
Country (United Kingdom) 1 of 2
Year (2017) 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-16 Mirage Machines

Derby, United Kingdom

Mirage Machines Ltd. is a designer and manufacturer of portable machine tools. Mirage Machines was founded in 1993 and is based in Derby, United Kingdom.

Buy $16M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Fibron

Hoddesdon, United Kingdom

Fibron specializes in umbilical cables and other subsea specialty cables manufacturing primarily utilized by offshore oil and gas, renewables, ROV, defense, and diving sectors. The company has considerable in-house design expertise and manufacturing facilities capable of producing a broad range of products. Its track record ensures the provision of cable or umbilical solutions for most situations, and expertise and experience in this field of operation. Fibron was founded in 1987 and is based out of Hoddesdon, North of London, UK.

Sell -