Acteon Adds Benthic
Subsea services group Acteon has agreed to acquire offshore marine geotechnical and geophysical survey company Benthic.
Houston-based Benthic adds deepwater and ultra-deepwater surveying capabilities to Acteon through its proprietary portable remotely operated drill (PROD) technology.
Benthic has undertaken geotechnical site investigations and geophysical surveys for oil and gas clients, and there are plans to expand services to include offshore wind and scientific research.
“Our commitment to a continuous programme of innovation stretches back 15 years,” said Steve Pywell, chief executive officer of Benthic. “I am excited by the opportunities offered by becoming part of Acteon, which will enable us to work collaboratively with the other companies in the group and allow us to offer a broad range of integrated solutions.”
“Having Benthic in our portfolio greatly enhances Acteon’s existing survey businesses and further strengthens the group’s global offer; we plan to continue its existing programme of capital expenditure to ensure it can service growing worldwide customer demand,” said Richard Higham, Acteon chief executive.
The transaction is expected to complete in May 2019. Pywell will continue to lead the Benthic team and will help Acteon to provide its clients with geosciences service