Acteon Buys Bruce Anchor
- Business & Finance
Subsea services group Acteon has acquired Bruce Anchor to enhance its capabilities in the provision of temporary and permanent mooring systems.
Bruce Anchor will retain its independence within the Acteon portfolio.
Bruce Anchor’s director of Sales, Steve Broadbent, will manage the business, reporting to Bernhard Bruggaier, Acteon’s executive vice president of Operations.
He will be supported by the founder, Peter Bruce, during the transition into Acteon.
Peter Bruce said: “I’m pleased to hand over the reins and look forward to supporting Acteon during the transition and into the next era for the Bruce brand. I’d also like to thank our clients for their support over the years.”
Bernhard Bruggaier added: “The acquisition strengthens Acteon’s offering to its global client base. Whilst the products are complementary to those already in our group companies, we will ensure that Bruce Anchor retains its independence to allow our moorings businesses to offer the best possible technical solutions for all applications. We very much look forward to working with Steve and the team.”
The transaction was completed on December 21, 2016.