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Monday, September 21, 2020

Acquisition

Coretrax acquires Churchill and has sights set on further growth

CORETRAX, the specialist well construction and intervention company, has acquired Churchill Drilling Tools as part of an ongoing growth and expansion strategy. Aberdeen headquartered Coretrax, which supports global well construction, completion and plug and abandonment operations, has bases in the...

Deals Done – Scotland’s M&A and funding activity for Q3 2019

Anderson Anderson & Brown Corporate Finance has released their quarterly Deals+ update for Q3 2019. To download the report - click here Despite...

Halliburton Acquires Westerton Cutting Tools

Halliburton Company has acquired a new portfolio of electro-mechanical downhole cutting tools and tubing punches from Westerton (UK) Ltd. These services provide operators with a safe and reliable alternative to traditional pipe recovery...

Aberdeen laundry service expands with acquisition of Glasgow business

Aberdeen Laundry Services is expanding its business with the acquisition of laundry service providers, Cathkin Clean Scotland supported by a £275,000 funding package from Royal Bank of Scotland. Aberdeen Laundry Services is the largest...

Oil & Gas services business completes MBO

Aberdeen-headquartered oil and gas integrity specialist Alba Gaskets has successfully completed a management buy-out (MBO) for an undisclosed sum, with the help of the corporate finance team at MHA Henderson Loggie. The company, which...

88 jobs secured as MSIS sold to Denholm MacNamee

88 jobs have been saved after Aberdeenshire-headquartered MSIS, a supplier of environmental services and equipment, was bought out of administration in a pre-packaged deal achieved by Joint Administrators from Johnston Carmichael LLP. Johnston Carmichael was...

Wood Mackenzie parent buys data analytics provider for £300m

Verisk, the data analytics provider that bought Wood Mackenzie four years ago for £1.85 billon has acquire Genscape, a global provider of real-time data and intelligence for commodity and energy markets from DMGT (Daily Mail and General...

RelyOn Nutec acquires Cresent and enters the digital learning market

The RelyOn Nutec Group (via P-Holding RelyOn Nutec A/S) has acquired digital learning company Cresent (Red Oak Ltd). Cresent has served the oil and gas industry for over 36 years with Digital Learning services,...

Aberdeen Drilling School acquires Oiltec Solutions

Aberdeen Drilling School Ltd, part of the RelyOn Nutec group acquired Norwegian simulation technology company Oiltec Solutions AS, from the HitecVision portfolio company Teresoft AS.  Oiltec Solutions has been active in the development of...

Wood to sell nuclear business for £250m

John Wood Group PLC is to sell its nuclear business to a subsidiary of Jacobs for a cash consideration of £250 million (around $305 million) representing a multiple of approximately 12.4x based on 2018 EBITDA of £20.2...
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Survey highlights changes to Scottish commercial property needs

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Acoountancy firm establishes new family business specialist team

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