Industry Subsea Services Number of employees 1,538 Motto Linking Subsea Services | Area served Global Revenue 310.9 million GBP Founded 2004 | |
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Type Private limited (Non-trading) Key people Richard Higham, Group Chief Executive Profiles | ||
Acteon is a specialist subsea services company. Acteon Group Ltd is registered in England, with its headquarters in Norwich.
The Acteon Group is one of the largest firms in East Anglia, comprising 17 companies that provide integrated subsea services, mainly to the oil, gas and renewables industries, with particular focus on foundations and moorings; risers, conductors and flowlines; Marine electronics, instrumentation and surveys; and activity management and manpower provision. Acteon provides seabed-to-surface equipment, technologies and services and is represented at every stage in the life of an oilfield.
History
Acteon was formed in 2004 from the UWG Group which at that time comprised five individual companies: UWG, Claxton, MENCK, 2H and TEAM. Since then, Acteon has expanded through organic growth and the acquisition of companies that offer complementary services in the subsea services arena. These acquisitions have extended Acteon’s technical capabilities, product lines and worldwide geographic reach.
There have been several significant acquisitions:
In 2010, despite a global drop in activity levels after the Deepwater Horizon oil spill, the Acteon Group posted accounts showing an 8% increase in revenue and a growth in profit from £32.13million to £36.24million.
Acteon’s aim is to define, shape and lead the subsea market by delivering a comprehensive range of integrated products and services. Acteon has been recognised for its business growth, and companies within it have won awards for innovation and achieving notable technical successes.
Acteon companies operate from the world’s major offshore oil and gas centres and are involved in projects in many exploration and production areas.
Acteon brings together companies that possess complementary technologies and capabilities, provide products and services in similar areas, and serve the same international customer base. These companies are 2H Offshore, Aquatic, CAPE, CIS, Claxton, Fluke, InterAct, InterMoor, LDD, MENCK, Mirage, NCS Survey, OIS, Pulse Structural Monitoring, Seatronics, SRP and TEAM
In October 2012, Acteon Group announced a change of ownership; the group’s majority interest was acquired by the management team of Kohlberg Kravis Roberts.