Done deals

Aveva/Schneider, Ansys/Computational Engineering, CB&I, LMKR, Jacobs/CH2M, Intl. Matex/Epic Midstream, Master Rig/IEC, Peloton, Premier Oilfield Labs, Probe, Simmons Edco, Cordax.

The 2015 aborted alliance between Aveva and Schneider/Invensys is back on the table with the £3 billion ‘reverse takeover’ of Aveva by Schneider.

Ansys has acquired Computational Engineering International.

CB&I intends to sell its technology business and hopes to negotiate a long-term strategic alliance with a buyer that will benefit both parties.

LMKR (Geographix) has bought out its minority shareholder Actis. Atif and Shabana Khan now hold 100% of the company’s preferred and common stock.

Jacobs is acquiring CH2M in a $2.85 billion cash and paper transaction.

International-Matex is to buy Epic Midstream from White Deer Energy and Blue Water Energy. The transaction values Epic at $171.5 million.

Master Rig International has purchased IEC Systems’ intellectual property.

Peloton has received a strategic investment from Silver Lake, TriWest Capital Partners and HarbourVest Partners.

Premier Oilfield Laboratories has acquired NSI Technologies.

Probe Technologies has received a cash injection from Turnbridge Capital.

Simmons Edco has taken a stake in Cordax. The companies are to ‘join forces.’

This article originally appeared in Oil IT Journal 2017 Issue # 7.

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