M&A Deal Summary

C-Automation Acquires Proserv Group - Drilling Services Business

On March 26, 2019, C-Automation acquired energy services and equipment company Proserv Group - Drilling Services Business from Proserv

Acquisition Highlights
  • This is C-Automation’s 1st transaction in the Energy Services and Equipment sector.
  • This is C-Automation’s 1st transaction in Norway.

M&A Deal Summary

Date 2019-03-26
Target Proserv Group - Drilling Services Business
Sector Energy Services and Equipment
Buyer(s) C-Automation
Sellers(s) Proserv
Deal Type Divestiture

Target

Proserv Group - Drilling Services Business

Aberdeenshire, Norway
Proserv Group, Inc. - Drilling Services Business provides welding, electrical, piping, flushing, and tubing services.

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Buyer(S) 1

Buyer

C-Automation

Houston, Texas, United States

Category Company
Sector Energy Services and Equipment
DESCRIPTION

C-Automation, Inc. is a global full-service provider of API 16D BOP Control Systems and field service offerings for clients in a variety of industries including oil and gas, steel and paper. Specializing in a range of capabilities including instrument tubing, piping, welding, electrical, flushing and testing services. C-Automation provides exceptional customer service and custom solutions to solve its clients’ complex challenges.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Norway M&A 1 of 1
Year: 2019 M&A 1 of 1

Seller(S) 1

SELLER

Proserv

Aberdeen, United Kingdom

Category Company
Sector Energy Services and Equipment
DESCRIPTION

Proserv is a controls technology company incorporating two divisions, Proserv Controls, which encompasses our innovative subsea controls solutions, alongside our topside, IWOCS, sampling, and measurement offerings to the oil & gas and renewables markets, and Gilmore, a Proserv Company, known for its globally renowned control valves. Proserv is based in Aberdeen, United Kingdom.


DEAL STATS #
Overall 2 of 2
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
Country: Norway M&A 1 of 1
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-15 KRG Specialist Engineering Services

Coatbridge, United Kingdom

KRG Specialist Engineering Services is a provider of precision machining services to companies operating in the Oil & Gas, Aerospace & Defence, Rail and Food sectors. KRG Specialist Engineering Services is based in Coatbridge, Scotland.

Sell -