Acteon acquires J2
Acteon has completed the acquisition of J2 Engineering Services Ltd, based in Aberdeen, UK.
J2 Engineering is involved in the rental, maintenance and repair of ROV manipulator arms and associated tooling and equipment.
J2 Engineering’s service offering runs along very similar lines to that of well-established Acteon company Seatronics, a provider of subsea electronic equipment to the offshore and ocean industries. Indeed, J2 Engineering and Seatronics have already collaborated successfully on a number of projects. Bringing these two companies together will benefit Acteon and enhance their combined ability to add value to customers’ operations.
The J2 Engineering team will continue to operate from its premises in Torry, Aberdeen, and will take advantage of Seatronics’ established distribution and service network covering Europe, North America, Brazil, South East Asia and the Middle East.
Acteon’s legal advisor for the J2 Engineering Services acquisition was Burness Paull & Williamsons.
Adapted from a press release by David Bizley
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/12072013/acteon_acquires_j2/
You might also like
Weatherford awarded Managed Pressure Drilling contract for Woodside Energy’s Trion deepwater development
The multi-year contract includes MPD services for an initial 8 wells with the potential to expand to 24 wells. The award reinforces Weatherford’s market leadership in high-performance MPD and expands its presence in Mexico’s offshore energy sector.