Acteon adds Proserv’s field technology services and survey units
- Business & Finance
Subsea services group Acteon has added subsea cutting expertise to its Claxton brand with the acquisition of Proserv’s international Field Technology Services and Survey business units.
Acteon said on Monday that the Field Technology Services business offered cutting, friction stud welding, and pipeline maintenance services from bases in Norway, USA, Singapore, and the UK.
The additional services and facilities will be integrated into Acteon’s Claxton brand enabling globalization of the company’s well decommissioning, riser and conductor and surface pressure control offerings.
The Survey business unit will join Acteon’s existing UTEC Survey business – an independent global surveying company.
Richard Higham, Acteon’s chief executive, said: “This a fantastic opportunity to join two complementary businesses together, firstly by adding capabilities and capacity to our UTEC Survey offering and secondly by rapid globalization of our Claxton product and service range, particularly in Norway and the Far East.
“The subsea cutting expertise of Proserv’s Field Technology Services, with its recognized position in the decommissioning of subsea structures and pipelines, fits really well with Claxton’s existing position in the well plugging and abandonment market.”
According to the company, the transaction is expected to be completed at the end of July 2019.
Also, president of the Proserv businesses Sam Hanton will join Acteon with his complete management team.
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