Acteon to focus on offshore wind after takeover by PE firms

New York-based private equity firm One Equity Partners (OEP) unveiled the acquisition of British marine energy and infrastructure solutions company Acteon Group with plans to reposition the business to focus on renewables, with a strategic focus on the wind market segment.

Set up in 1989, Acteon specialises in installing, maintaining and removing marine infrastructure with three major divisions -- data and robotics; engineering, moorings and foundations; and energy services. It offers services to the offshore renewables, nearshore construction and energy industries. The company employs over 2,000 people, including more than 400 engineers, across more than 20 countries across the world.

Earlier this year, the Norwich, Norfolk-based firm secured a contract to provide subsea balance of plant operations and maintenance (O&M) services to the 288-MW Butendiek offshore wind farm located in German waters of the North Sea.

The acquisition was supported by OEP’s peer Buckthorn Partners LLP as a co-investor. The financial details were not provided.

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