M&A Deal Summary

Technip Group SA Acquires Inocean AS

On June 25, 2014, Technip Group SA acquired energy services and equipment company Inocean AS

Acquisition Highlights
  • This is Technip Group SA’s 3rd transaction in the Energy Services and Equipment sector.
  • This is Technip Group SA’s 2nd transaction in Norway.

M&A Deal Summary

Date 2014-06-25
Target Inocean AS
Sector Energy Services and Equipment
Buyer(s) Technip Group SA
Deal Type Add-on Acquisition

Target

Inocean AS

Oslo, Norway
Inocean AS provides qualified naval architects and engineers in all phases of a project cycle, from concept development, basic design and FEED to fabrication, installation and during operation.

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Buyer(S) 1

Buyer

Technip Group SA

Paris, France

Category Company
Founded 1958
Sector Engineering
Employees31,747
Revenue 10.3B EUR (2015)
DESCRIPTION

Technip is a a French provider of project management, engineering and construction services for the energy industry. Technip was formed in 1958 and is based in Paris.


DEAL STATS #
Overall 6 of 7
Sector: Energy Services and Equipment M&A 3 of 3
Type: Add-on Acquisition M&A Deals 5 of 5
Country: Norway M&A 2 of 2
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-13 Ingenium AS

Oslo, Norway

Ingenium AS designs and develops mechanical and electro-hydraulic tools and equipment, for the offshore oil and gas industry, and provides engineering services for marine operations, such as the installation of pipes and cables.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-16 North American diving assets - Technip

United States

North American diving assets includes dynamically positioned multi-service support vessels as well as a multi-year preferred sub-contractor.

Sell -