AGR Group has completed its acquisition of Australian headquartered Upstream Petroleum, through a final payout to the 5 original owners.
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Avalon has filed an S-1 form for the floatation of its Oiltek unit on the OTC Bulletin Board. Last year Avalon licensed technologies for production enhancement, intelligent drilling and completion, real-time reservoir monitoring and leak detection for hazardous gas pipelines to Oiltek in return for 80% of Oiltek’s capital.
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Emerson has acquired The Automation Group (TAG) of Houston. Terms of the deal were not announced. TAG provides process automation/control system engineering, instrument and electrical design, project management services to the refining and petrochemical industries.
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FMC Technologies has upped its stake in CDS Engineering BV from 91 to 100%. CDS sells gas and liquids separation technology and equipment for onshore and offshore.
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Australia-based Intellection merged with with X-Ray Mineral Services (XMS) of Wales and embarked on an expansion of its UK operation with the backing of a £240,000 Regional Selective Assistance grant from the Welsh Assembly Government. Intellection’s flagship solution is QEMSCAN for advanced automated analysis of minerals.
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Nokia has acquired Trolltech for $150 approx million cash. Nokia is committed to honoring Trolltech’s open source engagements including the KDE Free Qt agreement. Nokia has applied to become a Patron of KDE.
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National Oilwell Varco entered into a merger agreement with Grant Prideco in a cash and paper transaction that puts a $32 billion value on the merged companies. Grant Prideco is a high tech drill pipe manufacturer—including notably the Intellipipe drill string telemetry system.
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RPS Group has acquired JDC, an environmental consultancy, for an $11 million cash consideration. JDC provides consultancy services to the petroleum refining industry and other verticals.
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SARS Corp. has closed financing rounds of $13.3 million. The monies will go to boost SARS’ sales and marketing efforts and accelerate commercialization of its global asset tracking technology.
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SensorTran has raised $8,000,000 in a round of venture capital financing co-led by Advantage Capital Partners and Expansion Capital Partners. The cash is to help Sensornet expand its distributed temperature monitoring product line, and to boost sales reach and the global service network.
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