Actuant Acquires Viking SeaTech


News: US-based Actuant Corporation has announced the acquisition of UK-based Viking SeaTech , Scandinavian Oil - Gas Magazine reports. Viking SeaTech is an offshore support specialist, which provides a range of equipment and services to the oil and gas sector, primarily in the UK North Sea. The cost of the sale totalled GBP150mn (US$225mn) and was funded by the company ' s cash and revolving credit facility.

This article is tagged to:
Sector: Oil & Gas
Geography: United Kingdom, United Kingdom, United Kingdom, United Kingdom