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.
For more information or to comment on this topic email here.