Acteon Group (company) explained

Acteon Group
Type:	Private limited (Non-trading)
Foundation:	Norwich (2004)
Location City:	Norwich
Location Country:	England, United Kingdom
Area Served:	Global
Key People:	Bernhard Bruggaier, Group Chief Executive
Industry:	Subsea Services
Revenue:	£310,860,000
Num Employees:	1538

Acteon is a specialist subsea services company. Acteon Group Operations (UK) Limited is registered in England,^[1] with its headquarters in Norwich.

The Acteon Group is one of the largest firms in East Anglia, comprising 17 companies that provide integrated subsea services, mainly to the oil, gas and renewables industries, with particular focus on foundations and moorings; risers, conductors and flowlines; Marine electronics, instrumentation and surveys; and activity management and manpower provision. Acteon provides seabed-to-surface equipment, technologies and services and is represented at every stage in the life of an oilfield.

History

Acteon was formed in 2004 from the UWG Group which at that time comprised five individual companies: UWG, Claxton, MENCK, 2H and TEAM. Since then, Acteon has expanded with the acquisition of companies that offer complementary services in the subsea services arena.

The main acquisitions are:

• In 2004, Acteon acquired the business and assets of Technip Offshore Moorings, Inc. to create a new company called InterMoor Inc.
• In 2006, Acteon acquired Trident Offshore Inc. and Aquatic Engineering and Construction Ltd.
• In 2007, Acteon completed the acquisition of three companies from the Craig Group: Seatronics Ltd, International Mooring Systems Ltd (IMS) and Chain Corporation International Ltd (ChainCo). The same year saw the merger of TEAM Energy Resources Ltd with the manpower services arm of Aquatic.
• In 2008, Acteon acquired the Singapore-based CAPE Group and 80% of Brazilian mooring and anchoring equipment specialist Fluke Engenharia Ltda.
• In June 2011, Acteon acquired the offshore survey and positioning specialist NCS Survey Ltd.

In 2010, despite a global drop in activity levels after the Deepwater Horizon oil spill, the Acteon Group posted accounts showing an 8% increase in revenue and a growth in profit from £32.13million to £36.24million. and achieving notable technical successes.

Acteon companies operate from the world's major offshore oil and gas centres and are involved in projects in many exploration and production areas.

Acteon's companies are 2H Offshore, Aquatic, CAPE, CIS, Claxton, Deepwater Corrosion Services, Fluke, InterAct, InterMoor, LDD, MENCK, Mirage, OIS, Pulse Structural Monitoring, Seatronics, SRP, TEAM and UTEC.

In 2012, the Acteon Group announced a change of ownership. The group's majority interest was acquired by the management team of Kohlberg Kravis Roberts.^[2]

Operating Companies

• 2H Offshore
• Aquatic
• CAPE
• CIS
• Claxton
• Deepwater Corrosion Services
• Fluke
• InterAct
• InterMoor
• LDD
• MENCK
• OIS
• Pulse Structural Monitoring
• Seatronics
• SRP
• TEAM
• UTEC

See also

• List of oilfield service companies

External links

• Acteon Group

Notes and References

1. Web site: Home. Official website. Acteon Group Operations (UK) Limited.. 15 May 2013. Norwich. Acteon Group Operations (UK) Limited is registered in England, number 15426649.
2. News: Acteon Group announces change in ownership: First Reserve Corporation Sells Majority Interest in Acteon to KKR . https://archive.today/20130131203517/http://pymnts.com/news/businesswire-feed/2012/october/01/acteon-group-announces-change-in-ownership-first-reserve-corporation-sells-majority-interest-in-acteon-to-kkr-20121001005658/ . dead . 31 January 2013 . PYMNTS . PYMNTS . 1 October 2012 .