M&A Deal Summary

MR Group Acquires ModuSpec

On March 4, 2024, MR Group acquired business services company ModuSpec from Vysus Group

Acquisition Highlights
  • This is MR Group’s 1st transaction in the Business Services sector.
  • This is MR Group’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2024-03-04
Target ModuSpec
Sector Business Services
Buyer(s) MR Group
Sellers(s) Vysus Group
Deal Type Divestiture

Target

ModuSpec

London, United Kingdom
ModuSpec provides a combination of in-depth rig-technology inspection services coupled with operator-minded services to put the rig in the context of well operations. ModuSpec is based in London, United Kingdom.

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Buyer(S) 1

Buyer

MR Group

Singapore, Singapore

Category Company
Sector Business Services
DESCRIPTION

MR Group is an independent rig inspection, rig new-builds and upgrade projects, training, blow-out preventer (BOP) compliance, and real-time equipment monitoring (RTM) services. MR Group is based in Singapore City.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2024 M&A 1 of 1

Seller(S) 1

SELLER

Vysus Group

London, United Kingdom

Category Company
Founded 2020
Sector Business Services
DESCRIPTION

Vysus Group is an engineering and technical consultancy offering specialist asset performance, risk management, and project management expertise across complex industrial assets, energy assets (oil and gas, nuclear, renewables), the energy transition, rail and road. Vysus Group was founded in 2020 and is based in London, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2024 M&A 1 of 1