M&A Deal Summary

Enerpac Tool Group Acquires Mirage Machines

On August 16, 2017, Enerpac Tool Group acquired machinery company Mirage Machines from Acteon for 16M USD

Acquisition Highlights
  • This is Enerpac Tool Group’s 9th transaction in the Machinery sector.
  • This is Enerpac Tool Group’s 17th largest (disclosed) transaction.
  • This is Enerpac Tool Group’s 6th transaction in the United Kingdom.

M&A Deal Summary

Date 2017-08-16
Target Mirage Machines
Sector Machinery
Buyer(s) Enerpac Tool Group
Sellers(s) Acteon
Deal Type Divestiture
Deal Value 16M USD

Target

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.

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Buyer(S) 1

Buyer

Enerpac Tool Group

Menomonee Falls, Wisconsin, United States

Category Company
Founded 1910
Sector Machinery
Employees2,100
Revenue 598M USD (2023)
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 27 of 29
Sector (Machinery) 9 of 10
Type (Divestiture) 3 of 3
Country (United Kingdom) 6 of 7
Year (2017) 1 of 1
Size (of disclosed) 17 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-16 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.

Sell $12M
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 -

Seller(S) 1

SELLER

Acteon

Norwich, United Kingdom

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 1 of 1
Sector (Machinery) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-16 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.

Buy $12M
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 -