2011-06-17-2011-05-25-2011-05-25

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Buyers
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Description

Acquired global offshore oilfield service company providing high-precision rig-positioning, construction-support and subsea-visualization services.

Aberdeen, UK-based subsea services group Acteon Group has acquired Aberdeen-based NCS Survey Ltd. for an undisclosed price.

NCS Survey provides high-precision rig-positioning, construction-support and subsea-visualization services to the global offshore market, including upstream oil and gas and offshore wind. The acquisition adds to Acteon's capability in the rig-positioning market and provides an additional suite of survey services to clients that operate rigs and vessels.

The company will retain its existing personnel and management team, headed up by current managing director, Andy Gray.

Gray says, "NCS Survey has enjoyed continued growth thanks to the early adoption and delivery of technologies that deliver tangible benefits for clients. Joining Acteon will enable NCS to accelerate this expansion through the group's international footprint."

Acteon executive vice president Paul Alcock says, "The acquisition of NCS Survey continues our strategy of defining and shaping the subsea services industry, allowing us to support our customers with an increased service offering that complements the skills we already have within the group."

KPMG Corporate Finance was financial advisor to Acteon.Simmons & Co. International and Paull & Williamsons LLP were financial advisors to NCS Survey.