Energy Acquisitions in 2016
Acquisition Volume in Energy in 2016 by Year
Last 5 years
-
- Buyer
- Doosan Heavy Industries & Construction (DHIC)
- Target
- 1Energy Systems (to be renamed Doosan GridTech)
- Seller
- Employee-owners of 1Energy Systems
- Industry
- Energy
- Location
- Washington, United States
- Type
- Buyout
Doosan Heavy Industries & Construction has acquired Seattle-based 1Energy Systems and will rename the business Doosan GridTech. The deal gives Doosan advanced distributed energy resource and energy storage management software capabilities and a stronger foothold in the U.S. market; 1Energy's roughly 30 MW of projects and team of about 25 employees will operate as a subsidiary of Doosan Heavy.
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- Buyer
- Abrado Wellbore Services
- Target
- Deltide Energy Services, LLC
- Seller
- Deltide Energy Services, LLC
- Industry
- Energy
- Location
- Louisiana, United States
- Type
- Divestiture
Abrado Wellbore Services has acquired the specialty downhole tool product lines (including Medusa section milling, Rattler magnets, Mud Viper surface magnets and fishing tool services) from Deltide Energy Services, LLC. The purchase expands Abrado's existing downhole video, cleanout tools and chemical displacement capabilities and enables the company to offer a comprehensive solution for wellbore debris management and P&A work.
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