Aker Solutions is selling its well-intervention services business area to Swedish private equity fund EQT for NOK 4 billion. The deal includes an earn-out provision whereby Aker receives 25% of any returns over 12%. Aker is selling because of ‘limited synergies’ with its core deepwater and subsea businesses.
Eco-Stim Energy Solutions has closed its ‘reverse merger’ with FracRock International. EcoStim provides field management technologies and well stimulation and completion services to the international shale market.
Fugro is to acquire Advanced Geomechanics of Perth, Australia, a supplier of geotechnical and geophysical engineering and consulting services to oil and gas.
Jacobs Engineering Group has acquired the assets of Costa Mesa, CA-based Marmac Field Services, a pipeline engineering and design service company.
New Source Energy Partners has acquired MCE in a $43 million cash and paper deal. MCE is an oilfield service company specialized in ‘increasing efficiencies and safety’ in drilling and completion.
Detechtion Technologies has received a ‘significant investment’ from private equity unit Element Partners. Detechtion’s flagship ‘Enalysis’ package supports performance optimization and fleet management technology on natural gas compression units.
TekSolv has acquired acquired Crawford Technical Services, developer of the Hydrowatch shale gas Scada system.
Bureau Veritas has acquired Maxxam, a provider of analytical services to the oil gas and environmental verticals in a $CND 650 million deal.
This article originally appeared in Oil IT Journal 2013 Issue # 12.
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