M&A Deal Summary

OneSubsea Acquires Framo Engineering AS

On November 27, 2012, OneSubsea acquired energy services and equipment company Framo Engineering AS

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

M&A Deal Summary

Date 2012-11-27
Target Framo Engineering AS
Sector Energy Services and Equipment
Buyer(s) OneSubsea
Deal Type Add-on Acquisition

Target

Framo Engineering AS

Bergen, Norway
Framo Engineering AS is a developer and supplier of system solutions to the oil industry.

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Buyer(S) 1

Buyer

OneSubsea

Houston, Texas, United States

Category Company
Founded 2013
Sector Oil/Gas Exploration
Employees6,000
DESCRIPTION

OneSubsea delivers integrated solutions, products, systems and services for the subsea oil and gas market. Our company offers a step change in reservoir recovery for the subsea oil and gas industry through integration and optimization of the entire production system over the life of the field.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Norway M&A 1 of 1
Year: 2012 M&A 1 of 1