Done deals

AIP, Brock Group, CGI, Affecto, DNV GL, ComputIT, Pacific Drilling, Nabors, Robotic Drilling Systems, Geospatial, Drillinginfo, DataGenic, EMAS Offshore, Emerson, GeoFields, Intel Capital, SAEV, FogHorn, Hexagon, Luciad, Pelican, Gordon, Sword IT Solutions, Venture.

American Industrial Partners has acquired majority ownership of The Brock Group, a provider of services to the refining and petrochemical industries.

CGI has acquired Finland-headquartered Affecto, developer of ‘Battery’, an energy-focused internet of things platform.

DNV GL has acquired ComputIT whose ‘KFX’ computational fluid dynamics software models flares, dispersion and fire.

Following its delisting from the New York Stock Exchange, Pacific Drilling has entered Chapter 11 and is to restructure its $3.0 billion debt.

Nabors has acquired Stavanger-based Robotic Drilling Systems.

Geospatial Corp. has reached an agreement with shareholder David Truitt to restructure $1.4 million debt.

Drillinginfo has acquired London-based DataGenic, provider of data management and business process automation software to oil, gas and other verticals.

Troubled EMAS Offshore has signed with potential investors for a cash injection of $50 million and is working with its auditors to restart financial reporting.

Emerson has acquired GeoFields, a provider of software and implementation services for pipeline integrity data collection, management and risk analysis.

Intel Capital and Saudi Aramco Energy Ventures are backing analytics and machine learning boutique FogHorn Systems with $30 million raised in a series B round to support ‘disruptive innovation’ at the internet’s edge. Total funding is now $47.5 million.

Hexagon (formerly Intergraph) has acquired Luciad, a Belgian-based specialist in the visualization and analysis of real-time geospatial information.

Pelican Energy Partners has invested in measurement-while-drilling specialist Gordon Technologies with $330 million of committed capital.

Sword IT Solutions has acquired UK-based Venture Information Management, provider of data and information management project support and consulting services to oil and gas.

This article originally appeared in Oil IT Journal 2017 Issue # 9.

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