Done deals

Emerson, Yggdrasil, Hannon-Westwood, Novas, Hercules, KPMG, Bank Ewing, Neos, ION, Transzap, ADP, Panduit, Network Vision, Recon Technology, QHDT, Seagull, ExTek, Tieto, Wood Group.

Emerson has acquired Norwegian flow assurance and production optimization software house Yggdrasil whose Mette solution will integrate the Roxar reservoir management software portfolio.

Hannon Westwood has acquired upstream project, due diligence and appraisal and valuation specialist Novas Consulting. The deal follows Energy Ventures’ participation in Hannon Westwood earlier this year.

Hercules Offshore has filed a pre-packaged plan of reorganization under Chapter 11 of the U.S. Bankruptcy Code to continue its financial restructuring.

KPMG Corporate Finance has acquired Bank Ewing Bemiss’ energy practice along with its ‘established and meaningful’ presence in energy mergers and acquisitions.

Neos GeoSolutions has acquired ION’s Denver land seismic data processing operation in a cash and paper transaction.

Transzap’s Oildex unit has acquired Automatic Data Processing’s procure-to-pay business, adding ADP’s OpenInvoice automation solution to Oildex’ accounts payable and business-to-business segment.

Panduit has acquired Network Vision’s Intravue visualization and diagnostics for industrial Ethernet control networks.

Recon Technology has acquired Qinghai Huayou Downhole Technologies in a cas hand paper transaction.

Seagull Oil & Gas has acquired ExTek AS, provider of safety training and certification to Norway’s oil and gas industry.

Tieto has acquired enterprise content management developer Software Innovation for NOK 610 million cash.

Wood Group has acquired Beta Machinery Analysis, a Calgary-based specialist in vibration analysis, for $14.3 million.

Click here to comment on this article

Click here to view this article in context on a desktop

© Oil IT Journal - all rights reserved.