M&A Deal Summary

Enerpac Tool Group Acquires Viking SeaTech

On August 2, 2013, Enerpac Tool Group acquired energy services and equipment company Viking SeaTech for 225M USD

Acquisition Highlights
  • This is Enerpac Tool Group’s 1st transaction in the Energy Services and Equipment sector.
  • This is Enerpac Tool Group’s 3rd largest (disclosed) transaction.
  • This is Enerpac Tool Group’s 5th transaction in the United Kingdom.
Investment Fate
  • Viking SeaTech was divested to a consortium of strategic buyers in 2017 for 12M USD.

M&A Deal Summary

Date 2013-08-02
Target Viking SeaTech
Sector Energy Services and Equipment
Buyer(s) Enerpac Tool Group
Deal Type Add-on Acquisition
Deal Value 225M USD

Target

Viking SeaTech

Aberdeen, United Kingdom
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

Enerpac Tool Group

Menomonee Falls, Wisconsin, United States

Category Company
Founded 1910
Sector Machinery
Employees2,000
Revenue 590M USD (2024)
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 24 of 29
Sector: Energy Services and Equipment M&A 1 of 2
Type: Add-on Acquisition M&A Deals 23 of 26
Country: United Kingdom M&A 5 of 7
Year: 2013 M&A 1 of 1
Size (of disclosed) 3 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-20 CrossControl AB

Alfta, Sweden

CrossControl is a provider of advanced electronic solutions for user-machine interaction, vehicle control, and mobile connectivity in critical environments.

Buy $40M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-13 ECM Industries

New Berlin, Wisconsin, United States

ECM Industries is a manufacturer and supplier of electrical products for construction, maintenance, lighting, irrigation, landscape supply, and gas utility markets. ECM Industries is based in New Berlin, Wisconsin.

Sell $258M