Employees of Fort Collins, CO-based Automation-X have executed an employee stock ownership plan and now own 100% of the turnkey industrial automation solutions provider, founded in 2003.
Calgary-headquartered Blackstone Industrial Holdings is acquiring the Roteq division of Bilbao, Spain-based industrial services company Sintemar. Roteq provides services to the petrochemical/oil and gas sector for major clients and OEM fleets, such as Nuovo Pignone and Baker Hughes.
France’s CGG has sold its US land seismic multi-client library to Bon Ton Seismic for $63 million cash.
Chevron New Energies is the lead investor in Svante’s Series E fundraising round. The $318 million raised will be used to ‘accelerate the manufacturing of Svante’s carbon capture technology’.
Cognizant is to acquire Houston-based Utegration, a consulting and solutions provider specializing in SAP technology and SAP-certified products for the energy and utilities sectors.
Corrosion Resistant Alloys has acquired PipeSearch. The deal is said to ‘drive the digital transformation of the oil country tubular goods sector’. PipeSearch’s digital trading platform ‘connects OCTG demand to supply needs across the globe’.
In a $32 million sale and lease-back deal, Forum Energy Technologies has sold four manufacturing and distribution centers in Texas and Louisiana. The properties remain ‘an integral part of FET’s operations’
Hexagon AB has acquired LocLab, a provider of ‘3D digital twin content’. LocLab’s automated technology uses ‘proven workflows and artificial intelligence’ to enable the ‘cost and time efficient creation’ of digital twins from, inter alia, point cloud data. The LocLab technology is to integrate Hexagon’s ‘HxDR’ cloud-based storage, visualization, and collaboration platform.
Hexagon has also acquired Projectmates, an ‘owner-focused’ enterprise construction project management software provider. Projectmates will provide asset owners with a window into Hexagon’s HxGN Smart Build construction portfolio.
And again … Hexagon has acquired Qognify, a provider of physical security and enterprise incident management software. Qognify’s video management solutions link business and operational workflows with surveillance data to minimize the impact of security, safety and operational incidents. The deal opens ‘cross-sell’ opportunities with Hexagon’s Leica BLK series of reality capture sensors.
Kuva Systems has announced an $11.3 million Series A funding round, co-led by Climate Innovation Capital and Draeger, to accelerate deployment of its Gas Cloud Imaging fugitive methane monitoring technology.
LongPath Technologies has raised $22 million in Series A funding to further develop its long-range, frequency comb laser-based emissions monitoring technology. The round was led by private equity firm White Deer, along with ProFrac and Williams
Taiwan-based Profet AI has raised $5.6 million in a Series A funding round led by Darwin Ventures. Profet AI will use the monies to expand into Japan, Southeast Asia and China and to further develop its AutoML Virtual Data Scientist Platform.
Pason Systems has increased its non-controlling investment in Intelligent Wellhead Systems, acquiring some $7.9 million of IWS shares and agreeing on a further investment of ‘up to’ $25 million. The deal will support further development and sales of IWS’ InVision platform for automated valve management in frac operations.
In a $355 million deal, Progress is to acquire Vector Capital portfolio company MarkLogic, vendor of a ‘multi-model’ NoSQL database and semantic metadata management system.
Seadrill Ltd. is to acquire Aquadrill in an all-stock transaction. Upon completion of the transaction Seadrill shareholders and Aquadrill unitholders will own 62% and 38%, respectively, of the outstanding common shares in the company. The transaction values Aquadrill at some $958 million.
Siemens has acquired the UK-based ‘data-led’ operations consultant Vendigital, which will become part of its Advanta professional services business. Siemens Advanta’s 10,000 plus employees form a ‘global network of cross-functional teams and highly skilled experts’.
Wa’ed Ventures, Saudi Aramco’s VC arm has injected some $14 million into Terra Drone Corp. a manufacturer of drones and urban air mobility solutions. The monies will fund Terra Drone Arabia, a new subsidiary in Saudi Arabia that is to offer oil and gas inspection services.
Vertice Oil Tools has acquired ‘substantially all’ of the assets of MorphPackers, bolstering its re-completions capabilities and enabling Vertice to address the ‘rapidly growing’ re-frac market. Houston-based Vertice is backed by SCF Ventures, an investment vehicle within SCF Partners.
VistaVu Solutions has acquired Quintel Management Consulting’s SAP S/4HANA Cloud and ECC practice.
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