geoLOGIC Systems of Calgary has received a ‘major investment’ from BV Investment Partners, a middle-market private equity firm. BV has acquired the shares of founders Joe and Denise Harris. GeoLogic president and CEO, David Hood, keeps his entire ownership interest in the Company. The deal is the fifth transaction in BV’s Fund VIII vehicle.
Intergraph is to acquire enterprise project controls software specialist EcoSys. The deal broadens Intergraph Process, Power & Marine’s portfolio with the addition of EcoSys’ Enterprise Planning & Controls suite that is available for on-premise use or as a hosted solution. EcoSysy was founded in 2000 by the original developers of what is now Oracle Primavera.
Divestco has received a $3.2 million secured loan from Invico Diversified Income, repayable in 2017. Proceeds of the loan were used to repay $0.6 million in shareholder loans and as working capital.
Weatherford has elected not to pursue its previously announced public share offerings. The company was unwilling to sell securities at prices ‘that do not reflect the value we have created.’
Technical Toolboxes has ‘merged’ with Energy Industry Consulting & Engineers, adding engineering and software expertise and a scalable outsourcing capability to its SkyBox ‘next generation’ computing platform.
Wood Group has acquired Automated Technology Group, a UK-based supplier of control and power solutions for industrial automation. The deal expands Wood Group’s Mustang business unit into the manufacturing automation market.
Emerson has acquired Spectrex, a manufacturer of flame and open path gas detectors. Spectrex will join Emerson’s Rosemount portfolio.
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