Acteon is a specialist subsea services company. Acteon Group Operations (UK) Limited is registered in England,
with its headquarters in
Norwich
Norwich () is a cathedral city and district of the county of Norfolk, England, of which it is the county town. It lies by the River Wensum, about north-east of London, north of Ipswich and east of Peterborough. The population of the Norwich ...
.
The Acteon Group is one of the largest firms in
East Anglia
East Anglia is an area of the East of England, often defined as including the counties of Norfolk, Suffolk and Cambridgeshire, with parts of Essex sometimes also included.
The name derives from the Anglo-Saxon kingdom of the East Angles, ...
, 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 Marine electronics refers to electronics devices designed and classed for use in the marine (ocean), marine environment on board ships and yachts where even a small amount of salt water can destroy some electronics devices. Therefore, the majority o ...
, 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
A petroleum reservoir or oil and gas reservoir is a subsurface accumulation of hydrocarbons contained in porous or fractured rock formations. Such reservoirs form when kerogen (ancient plant matter) is created in surrounding rock by the prese ...
.
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 ''Deepwater Horizon'' oil spill was an environmental disaster off the coast of the United States in the Gulf of Mexico, on the BP-operated Macondo Prospect. It is considered the largest marine oil spill in the history of the petroleum in ...
, 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
KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American global private-equity and investment company. , the firm had completed private-equity investments in portfolio companies with approximately $710 billion of total ...
.
In 2024, the Acteon Group announced a change of ownership. The Group was acquired by Buckthorne and One Equity partners (OEP).
Brands:
* 2H Offshore
* Benthic
* Bruce Anchors
* Claxton
* Deepwater Corrosion Services
* InterAct
* InterMoor
* LDD
* MENCK
* Pulse Structural Monitoring
* Probe
* SRP
* TEAM
* UTEC
See also
*
List of oilfield service companies
This is a list of oilfield service companies – which provide services to the petroleum exploration and production industry but do not typically produce petroleum. In the list, notable subsidiary companies and divisions are listed as sub-lists o ...
References
External links
Acteon Group
{{DEFAULTSORT:Acteon Group
Energy companies of England
British companies established in 2004
Companies based in Norwich
Conglomerate companies established in 2004