Add-on Acquisition • Business Services

Aker Solutions Acquires Thrum Energy

On November 26, 2012, Aker Solutions acquired business services company Thrum Energy

Acquisition Context
  • This is Aker Solutions’ 1st transaction in the Business Services sector.
  • This is Aker Solutions’ 1st transaction in Canada.
  • This is Aker Solutions’ 1st transaction in Newfoundland.

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M&A Deal Summary

Date November 26, 2012
Target Thrum Energy
Sector Business Services
Buyer(s) Aker Solutions
Deal Type Add-on Acquisition

Target Company

Thrum Energy

Saint John's, Newfoundland, Canada
Thrum Energy, Inc. is a asset integrity management company. It provides a diverse portfolio of quality services to both onshore and offshore assets in Canada.
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Buyer Overview 1

Buyer

Aker Solutions

Fornebu, Norway

Category Company
Founded 1841
Sector Energy Services and Equipment
Employees12,000
Revenue 52.4B NOK (2024)
DESCRIPTION
Aker Solutions office in Houston, Texas.
Aker Solutions office in Houston, Texas.

Aker Solutions is a Norwegian oilfield services company. Aker Solutions provides oilfield products, systems and services for customers in the oil and gas industry. Aker Solutions was incorporated in 1841 and is based in Fornebu, Norway.


Deal Context for Buyer #
Overall 6 of 13
Sector: Business Services 1 of 1
Type: Add-on Acquisition 6 of 13
State: Newfoundland 1 of 1
Country: Canada 1 of 1
Year: 2012 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-01 SSH Engineering AS

Stokke, Norway

SSH Engineering AS is a provider of engineering and 3D visualization services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-27 Managed Pressure Operations International

Houston, Texas, United States

Managed Pressure Operations International Ltd. (“MPO”) is an oilfield services company, with locations in Singapore, Texas and Indonesia, that provides technologically advanced and cost effective continuous circulation and managed pressure drilling systems, including equipment and operational personnel, to the global onshore and offshore drilling markets. Beyond drilling capabilities, MPO can also provide front end engineering design as well as project and QHSE management for drilling projects ranging from basic land rig operations to deepwater and HPHT operations on floating drilling installations, including but not limited to FEED, HAZOP, HAZID, well planning and simulation. MPO is committed to the safe and effective engineering, design, and execution of managed pressure drilling operations, providing equipment built to the highest industry international certification standards and highly-trained, experienced personnel with a focus on safety, service quality, and client satisfaction.

Buy -