Circor board of directors unanimously rejects Crane’s revised unsolicited tender offer
Circor International yesterday announced that its Board of Directors, after careful consideration and with the advice of its independent financial and legal …
M&A
Plexus forms joint venture with BEL Valves
Plexus Holdings has formed PPC, a majority owned JV which will exclusively supply Plexus with surface production Xmas trees and wellhead annulus outlet valves. …
Blue Water Energy acquires welding specialist Pipeline Technique
London-based private equity firm Blue Water Energy announces the acquisition of Pipeline Technique Limited (“PTL”), a leading provider of high-end pipeline …
Abu Dhabi pension fund invests in ADNOC pipeline infrastructure
The Abu Dhabi National Oil Company (ADNOC) announced that it has entered into a follow-on pipeline infrastructure investment agreement with the Abu Dhabi …
ENGIE-led consortium wins competitive bidding process in Brazil for the acquisition of TAG
ENGIE announces that the consortium in which it holds a majority stake has won the competitive bidding process conducted by Petrobras for the sale of a 90% …
Oil and gas services provider XL Group buys flow control firm AMC
Aberdeen technology and engineering firm XL Group has announced the acquisition of Artisan Measurement & Control Limited (AMC). Wiltshire-based AMC will …
Proserv sells drilling services business to C-Automation
Leading controls technology company Proserv and C-Automation, a manufacturing and field services provider specialising in pressure control systems, have …
Tenaris to acquire IPSCO Tubulars from TMK
Tenaris announced that it has entered into a definitive agreement to acquire from PAO TMK, a Russian company and manufacturer of steel pipe, 100% of the shares …
Adnoc seals $4 billion pipeline infrastructure deal with KKR, BlackRock
Abu Dhabi National Oil Company (Adnoc) has sealed a $4 billion midstream pipeline infrastructure deal with U.S. investment firms KKR and BlackRock, the …
Weir agrees sale of Flow Control division to First Reserve
The Weir Group announced that it has entered into an agreement to sell its Flow Control division to First Reserve, a leading global private equity investment …