IHS has acquired OPIS, the Oil price information service for $650 million. OPIS provides ‘rack price’ discovery for wholesalers and maintains a web-based ‘TimeSeries’ database of US oil prices.
AspenTech is to acquire KBC Advanced Technologies in an approx. £158 million deal. KBC provides strategic consulting and software to the oil and gas industry including refinery and production simulation software that is said to complement AspenTech’s solutions.
GeoCenter, Seismic Ventures, ProSeis (SEI’s internal 2D processing entity), Wave Imaging Technology (a division of GeoCenter) and the processing staff of Summit Geophysical have ‘joined together’ to create Seimax Technologies.
TRC has completed its acquisition of Willbros Professional Services. The $130 million all-cash transaction sees Willbros PS integrate TRC as a new Pipeline Services operating segment.
PrismTech has been acquired by Adlink Technology. Adlink plans to fully exploit the potential of PrismTech’s Vortex platform in industrial internet of things markets and will release a new IIoT system in 2016 combining PrismTech’s software and Adlinks’ hardware.
At the last count, IGT Holding closed its offer for Industrial and Financial Systems (IFS) with 87% of votes. The IFS board recommended the public offer which values IFS at SEK 9 billion.
Piper Jaffray is acquiring Simmons & Co. in a $139 million deal consisting of $91 million in cash and $48 million in stock. Piper Jaffray has earmarked an additional $21 million in cash and stock for ‘retention purposes.’
Wood Group has acquired construction and energy field services provider Kelchner.
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