Actuant Takes Jeyco Into Its Fold

Acquired oilfield product designer providing specialized mooring, rigging & towing systems and services to offshore oil and gas industry in Australia & other international markets.

Actuant Corp., Milwaukee, (NYSE: ATU) has acquired Perth, Australia-based Jeyco Pty Ltd. for an undisclosed price.

Jeyco designs and provides specialized mooring, rigging and towing systems and services to the offshore oil and gas industry in Australia and other international markets. Additionally, it products are used in a variety of applications for other markets including cyclone mooring and marine, defense and mining tow systems.

Jeyco will operate as part of the Cortland business within Actuant’s energy segment.

Actuant executive vice president Brian Kobylinski says, “Jeyco is a great addition to our global energy platform, adding significant presence to our offshore oil & gas business in the important Australian region.”

He adds, “Jeyco will serve as the base for Cortland’s full product range which includes engineered ropes and slings, dynamic umbilicals and electro-optic cables in the Southeast Asian region.”