Professional M&A intelligence for the energy transition
JSW Neo Energy, a subsidiary of JSW Energy, completed the acquisition of Mytrah Energy India for an enterprise value of approximately $1.3 billion. The transaction added 1,753 MW of operating wind power capacity across seven Indian states to JSW's renewable energy portfolio.
Sembcorp Industries completed the acquisition of Vector Green Energy from Global Infrastructure Partners for approximately $474 million.
BP plc completed the acquisition of Archaea Energy Inc. for an enterprise value of approximately $4.1 billion, including approximately $800 million of net debt. Houston-based Archaea Energy is the largest renewable natural gas (RNG) producer in the United States, operating 50 RNG and landfill gas-to-energy facilities and producing approximately 6,000 boe/d of RNG.
DIF Capital Partners, a global independent infrastructure investment fund manager, through its fund DIF Infrastructure VI, acquired a 51% stake in ib vogt GmbH, a developer of utility-scale PV solar.
Harbour Energy announced the acquisition of the Wintershall Dea asset portfolio, comprising substantially all of Wintershall Dea AG's upstream assets.
Vermilion Energy Inc. completed the acquisition of privately-held Westbrick Energy Ltd. for about C$1.08 billion. The acquired assets are located in the Deep Basin of west-central Alberta and include over 700,000 net acres, with current production of approximately 50,000 boe per day (60% liquids).
Patterson-UTI Energy (NASDAQ:PTEN) completed the acquisition of Ulterra Drilling Technologies, L.P., a provider of specialized drill bit solutions, for $370 million of cash and 34.9 million shares of Patterson-UTI common stock.
Halliburton Company completed the acquisition of Optime Subsea, a Norwegian provider of subsea well intervention and installation technologies. The transaction expands Halliburton's subsea services offering with Optime's CITS (Compact Intervention Tubing Severance) and ROCS (Remotely Operated Controls System) technologies, addressing growing demand for cost-effective subsea well access globally.
ChampionX Corporation acquired UK-based RMSpumptools Limited for approximately $110M, expanding its electric submersible pump (ESP) artificial lift offering with RMS's intelligent ESP technology platform serving the offshore and harsh environment markets.
ProPetro Holding Corp. acquired Par Five Energy Services, adding cementing services to ProPetro's hydraulic fracturing and wireline offering in the Permian Basin and increasing its addressable market with existing Permian customers.