The French Petroleum Institute (IFP) reports that in 2008, its wholly-owned RSI affiliate, specialized in oil and gas process simulation, acquired the assets of the Autodynamics division of Trident Corp. The deal adds an international dimension to RSI’s activity and raises its technical and marketing game.
Norwegian AGR Group ASA reports the outcome of discussions with its lenders following its earlier ‘technical’ breach of covenants. The outcome is an amended loan agreement with reset covenants. AGR is now back in compliance and is to issue 175 MNOK worth of new shares in September 2009. The company also reported the sale of its NETool software to Halliburton.
Oil country B2B solution provider Amalto Technologies has closed an ‘A’ share sale to Succès Europe. Amalto was advised on the deal by Aelios Finance.
AspenTech reports the closure of the US Federal Trade Commission’s investigation its sale of process simulation products to Honeywell. AspenTech and Honeywell have also agreed to settle related litigation. The outcome of the FTC investigation is that, inter alia, AspenTech will continue to provide HySys case data in a standard, portable format.
Computer Science Corp. (CSC) has acquired BearingPoint’s Brazilian operation (BPB). Financial terms were not disclosed. Many of BPB’s 550 employees have SAP and oil & gas specialization.
Fusion Petroleum Technologies and Vanguard Engineering and Oilfield Services of Oman have teamed on the provision of geophysical and geological technology, services and software in The Sultanate of Oman.
Geoservices has acquired Petrospec Technologies, specialists in seismic and real-time pore pressure and rock property analysis. The deal follows on the heels of recent Geoservice acquisition including Production Wireline Services and Wireline Services and Manufacturing.
Ventyx has acquired nMarket’s software business from The Structure Group.
Troubled Satyam Computer Services has rebranded as ‘Mahindra Satyam’ reflecting its new anchor stakeholder Mahindra Group.
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