Explore All 111 Divestiture Engineering Deals - Search the Database Free
M&A Deal Summary |
|
|---|---|
| Date | November 30, 2003 |
| Target | Drill support ROV business |
| Sector | Engineering |
| Buyer(s) | Oceaneering |
| Sellers(s) | Subsea 7 |
| Deal Type | Divestiture |
| Deal Value | 108M USD |
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| Category | Company |
|---|---|
| Founded | 1964 |
| Sector | Energy Services and Equipment |
| Employees | 10,100 |
| Revenue | 2.7B USD (2024) |
Oceaneering provides engineered services and products primarily to the offshore oil and gas industry, with a focus on deepwater applications. Through the use of its applied technology expertise, the company also serves the defense, entertainment, and aerospace industries. Oceaneering International was formed in 1964 and is based in Houston, Texas.
| Deal Context for Buyer | # |
|---|---|
| Overall | 5 of 17 |
| Sector: Engineering | 1 of 3 |
| Type: Divestiture | 2 of 4 |
| Country: United Kingdom | 2 of 4 |
| Year: 2003 | 5 of 7 |
| Size (of disclosed) | 3 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2003-09-02 |
Rotator AS
Nodeland, Norway Rotator AS is a designer and manufacturer of subsea control valves, topside control valves, subsea chemical injection valves, and specialty control panels. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2003-12-02 |
Stolt ROV Business Operations
Netherlands Stolt ROV Business Operations including 34 work class ROVs, ancillary equipment, and related contracts and employees. |
Buy | $50M |
| Category | Company |
|---|---|
| Founded | 1993 |
| Sector | Construction |
| Employees | 8,349 |
| Revenue | 6.8B USD (2024) |
Subsea 7 is a provider of seabed-to-surface engineering, construction, and services contractor to the offshore energy industry. Subsea 7 was founded in 1993 and is headquartered in Luxembourg City, Luxembourg.
| Deal Context for Seller | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Engineering | 1 of 1 |
| Type: Divestiture | 1 of 1 |
| Country: United Kingdom | 1 of 1 |
| Year: 2003 | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-10-03 |
4Subsea
Asker, Norway 4Subsea is a provider of technology and services that help operators maintain production from subsea oil and gas fields and offshore wind farms. By combining expert engineering competence, operational experience, and digitalized decision support, The company ensures the integrity of subsea assets all the way from the reservoir to deck. 4Subsea was formed in 2007 and is based in Asker, Norway. |
Buy | - |
