M&A Deal Summary

John Wood Group Acquires Agility Group AS

On January 1, 2014, John Wood Group acquired energy services and equipment company Agility Group AS from HitecVision

Acquisition Highlights
  • This is John Wood Group’s 4th transaction in the Energy Services and Equipment sector.
  • This is John Wood Group’s 1st transaction in Norway.

M&A Deal Summary

Date 2014-01-01
Target Agility Group AS
Sector Energy Services and Equipment
Buyer(s) John Wood Group
Sellers(s) HitecVision
Deal Type Add-on Acquisition

Target

Agility Group AS

Sandefjord, Norway
Agility Group AS is a Norwegian technology and facrication company. The Group is organised in two business areas, Subsea Fabrication, a major subsea fabricator, specialising in subsea manifold modules and integrated template systems. Minox - Process technology company providing compact de-aeration solutions to the global oil and gas market

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Buyer(S) 1

Buyer

John Wood Group

Aberdeen, United Kingdom

Category Company
Founded 1912
Sector Energy Services and Equipment
Employees35,319
Revenue 5.9B USD (2023)
DESCRIPTION

John Wood Group is a provider of engineering, production support, maintenance management, and industrial gas turbine overhaul & repair services to the oil & gas and power generation industries worldwide. Our services are all-encompassing, supporting the full lifecycle of oil & gas and power generation facilities. John Wood Group was founded in 1912 and is based in Aberdeen, Scotland.


DEAL STATS #
Overall 8 of 20
Sector (Energy Services and Equipment) 4 of 4
Type (Add-on Acquisition) 7 of 18
Country (Norway) 1 of 2
Year (2014) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Ethos Energy

Houston, Texas, United States

Ethos Energy is a company that specializes in providing rotating equipment services and solutions. Ethos Energy offerings include facility operations and maintenance, designing and manufacturing engineered components, and repairing and optimizing gas and steam turbines, generators, compressors, and transformers. Ethos Energy was founded in 2014 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-01 Sunstone Projects

Calgary, Alberta, Canada

Sunstone Projects Ltd. is a pipeline consulting company providing engineering, procurement and construction management (EPCM) services to clients in the canadian oil & gas industry.

Buy CA$15M

Seller(S) 1

SELLER

HitecVision

Stavanger, Norway

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HitecVision AS is a private equity firm specializing in buyouts and growth capital investments in the oil and gas industry. The Firm targets investments in middle-market companies throughout North America (primarily US) and Northern Europe (primarily Norway and the UK). HitecVision seeks companies with growth potential and unique technologies. The Firm looks to invest $30 to $150 million in companies valued up to $300 million. Specific areas of interest include drilling/down-hole, exploration/production, field development, mid- and downstream, and subsurface. HitecVision AS was formed in 1985 and is based in Stavanger. The Firm has additional offices in Oslo and Texas.


DEAL STATS #
Overall 21 of 30
Sector (Energy Services and Equipment) 8 of 10
Type (Add-on Acquisition) 10 of 16
Country (Norway) 17 of 22
Year (2014) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Terəsoft

Stavanger, Norway

Terəsoft is a provider of holistic technology based systems for planning, training, optimization and control of drilling operations (decision support and process control). Company core technology consists of mathematical models developed, tested and verified over 20 years in operation and our highly advanced modular engine Solutions for planning, training, optimization, and control of drilling operations. Terəsoft was founded by 2008 and is based in Stavanger, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-17 Aquamarine Subsea

Jorpeland, Norway

Aquamarine Subsea is an international service company providing asset integrity, management, and life cycle service solutions to riser and subsea equipment owners in the drilling, work-over and production markets. Aquamarine Subsea is based in Jorpeland, Norway.

Buy -