M&A Deal Summary

Forum Energy Technologies Acquires Dynacon

On December 3, 2012, Forum Energy Technologies acquired machinery company Dynacon

Acquisition Highlights
  • This is Forum Energy Technologies’ 2nd transaction in the Machinery sector.
  • This is Forum Energy Technologies’ 1st transaction in Canada.
  • This is Forum Energy Technologies’ 1st transaction in Ontario.

M&A Deal Summary

Date 2012-12-03
Target Dynacon
Sector Machinery
Buyer(s) Forum Energy Technologies
Deal Type Add-on Acquisition

Target

Dynacon

Mississauga, Ontario, Canada
Dynacon, Inc. is a provider of launch and recovery systems ("LARS") used for deployment of remotely operated vehicles ("ROVs") and also manufactures high quality, specialized cable and umbilical handling equipment for all segments of the marine industry.

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Buyer(S) 1

Buyer

Forum Energy Technologies

Houston, Texas, United States

Category Company
Founded 2005
Sector Energy Services and Equipment
Employees1,800
Revenue 816M USD (2024)
DESCRIPTION

Forum Energy Technologies is a provider of manufactured technologies and applied products to the energy industry, serving the subsea, drilling, completion, production, and flow control segments. Forum Energy Technologies was founded in 2005 and is based in Houston, Texas.


DEAL STATS #
Overall 10 of 22
Sector: Machinery M&A 2 of 4
Type: Add-on Acquisition M&A Deals 10 of 19
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 3
Year: 2012 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-25 Wireline Solutions

Sanger, Texas, United States

Wireline Solutions LLC is a manufacturer of high quality downhole completion tools, including composite plugs used for plug, perforate and fracture applications and wireline flow control products used in the oil and gas industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-05 Merrimac Manufacturing

Plantersville, Texas, United States

Merrimac Manufacturing, Inc. is a manufactures premium consumable parts for drilling, well servicing and pressure pumping applications, including mud pump parts, power swivel parts and valves and seats for hydraulic fracturing pumps.

Buy -