Professional M&A intelligence for the energy transition
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.
Expro (NYSE: XPRO), which provides energy services, completed its acquisition of offshore services provider PRT Offshore, for $106 million. PRT Offshore is the only company to provide a complete Hook-to-Hanger solution enabling well completions, interventions, and decommissioning services from surface to subsea.
Archrock completed the acquisition of Total Operations and Production Services (TOPS) for $983 million, including approximately 580,000 horsepower of natural gas compression equipment focused on the Permian Basin.
Solaris Oilfield Infrastructure (renamed Solaris Energy Infrastructure) completed the acquisition of Mobile Energy Rentals for approximately $200 million, marking a strategic diversification beyond oilfield logistics into distributed power generation equipment rental serving data centers, oilfield power and other commercial markets.