M&A Deal Summary

RigNet Acquires Nessco Group Holdings

On July 5, 2012, RigNet acquired communications company Nessco Group Holdings for 30M GBP

Acquisition Highlights
  • This is RigNet’s 2nd transaction in the Communications sector.
  • This is RigNet’s 0th largest (disclosed) transaction.
  • This is RigNet’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2012-07-05
Target Nessco Group Holdings
Sector Communications
Buyer(s) RigNet
Deal Type Add-on Acquisition
Deal Value 30M GBP
Advisor(s) Simmons & Company (Financial)

Target

Nessco Group Holdings

Aberdeen, United Kingdom
Nessco designs, builds, installs and commissions client telecommunications systems encompassing the full spectrum of technologies including fiber optic, digital radio, voice and data networks, closed circuit television, marine communications and satellite networks. With more than 120 employees and dedicated contractors, Nessco operates worldwide and has been engaged in major projects in the United Kingdom, Continental Europe, North and South America, Africa, Middle East and Asia Pacific.

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Buyer(S) 1

Buyer

RigNet

Houston, Texas, United States
Category Company
Founded 2000
Sector Communications
Revenue 243M USD (2019)
DESCRIPTION

RigNet, Inc. is a provider of managed communications, networks and collaborative applications dedicated to the oil and gas industry. RigNet provides solutions ranging from fully-managed voice and data networks to more advanced applications that include video conferencing and real-time data services to remote sites in over 30 countries on six continents, effectively spanning the drilling and production industry. RigNet was founded in 2000 and is based in Houston, Texas.

DEAL STATS #
Overall 2 of 10
Sector (Communications) 2 of 6
Type (Add-on Acquisition) 2 of 8
Country (United Kingdom) 1 of 2
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-21 OilCamp AS

Stavanger, Norway

OilCamp AS is an independent Norwegian provider of communications services to the oil industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-01 Energy Broadband Business - Inmarsat

London, United Kingdom

Buy $25M
Mergr

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