Done deals …

Aucerna/Micotan. RigData/DrillingInfo/Enverus. Eagle Automation/Texas Energy Control Products. Emerson/KnowledgeNet. Engage Mobilize. ENGlobal. Hatch/Upside Engineering. Helmerich & Payne/DrillScan. Interface Fluidics. Lasser/TGS-NOPEC. Matrox. Siemens/PSE. Quorum/OGsys. SeekOps. TechnipFMC. Teledyne/3M. Total Safety/S&S. Siemens’ negative-yield bonds.

Aucerna has acquired Micotan Software, creator of the well lifecycle management tool, Generwell.

S&P Global/Platts has sold its RigData unit to DrillingInfo. Subsequently, DrillingInfo has changed its corporate name to Enverus.

Eagle Automation has acquired Fort Worth based Texas Energy Control Products, a control panel fabricator and distributor of automation and measurement products across Texas and Oklahoma.

Emerson has acquired KnowledgeNet (KNet) software from Tunisia-based Integration Objects. KNet’s analytics application software accelerates digital transformation initiatives for process industries by applying statistical and machine-learning algorithms to diverse information technology (IT) and operational technology (OT) data.

Engage Mobilize, a cloud-based digital field management, procurement, and electronic ticketing platform for oil and gas, has announced a Series A financing round led by Cottonwood Venture Partners. The funding will allow Engage to add to its Denver-based team to enhance its current platform and accelerate product development, including advanced-analytics.

ENGlobal has been notified by the Nasdaq Stock Market that the company has regained compliance with the minimum bid price requirement for continued listing on the Nasdaq capital market. At the time of writing (22 oct 2019) ENGlobal’s shares are just above the $1 watermark at $1.02!

Calgary-based Hatch and Upside Engineering are to merge.

Helmerich & Payne, via its wholly owned Helmerich & Payne Technologies unit, has acquired DrillScan, a provider of proprietary drilling engineering software, well engineering services and training for the oil and gas industry.

Interface Fluidics has secured $4.5 million in Series A from Equinor Technology Ventures and ‘global accelerator’, Techstars.

Lasser has been acquired by TGS-NOPEC.

Lorne Trottier, co-founder of Matrox, has acquired 100% ownership of the Matrox group of companies, including its three divisions—Matrox Imaging, Matrox Graphics, and Matrox Video.

Siemens is to acquire Process Systems Enterprise (PSE) and its gPROMS technology. The unit will integrate Siemens digital industries’ process automation business.

Thoma Bravo portfolio company Quorum Software has acquired Fort Worth-based OGsys, a provider of cloud-based oil and gas accounting software for small and medium-sized businesses. The acquisition complements its accounting solutions for mid-market and enterprise companies.

SeekOps has secured Series A-1 funds from the OGCI Climate Investments fund and Equinor Technology Ventures. The company’s miniature drone-born SeekIR gas sensors were validated in Standford University’s 2018 Mobile Monitoring Challenge as ‘top-performing technology’ for emissions localization and quantification.

Following the 2017 merger of Technip and FMC into TechnipFMC, the companies are to demerge. Possibly to avoid the embarrassment of appearing to go back to square one, the demerged companies have been dubbed ‘RemainCo’ and ‘SpinCo’.

Teledyne Technologies has acquired 3M’s gas and flame detection business in a $230 million cash deal that includes the Oldham, Simtronics, GMI, Detcon and select Scott Safety products.

Total Safety has acquired S&S Supplies and Solutions.

On 6 September 2019, Siemens issued €3.5 billion worth of bonds with maturities of two, five, ten and fifteen years. Investor demand was over four times the issue volume. Incredibly, the two and five year bonds had negative yields of respectively minus 0.315% and minus 0.207%! More from Siemens.

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