Acteon Group acquired by private equity investors, to focus on offshore wind

Established in 1989, UK-based Acteon provides engineering and data-driven services to the offshore renewables, offshore construction and energy industries. It has more than 2,000 full-time employees, including more than 400 engineers, across more than 20 countries globally.

OEP partner Ante Kusurin said, “Acteon is a first-rate infrastructure services business operating within a differentiated market niche. We will be looking to reposition the business to focus on renewables, specifically the offshore wind market segment.

“This is another example of OEP’s ability to identify compelling investments with the potential to accelerate growth while also improving the business’ environmental impact.”

Buckthorn partner Rob Willings said, “Acteon’s products and services are key to the energy transition in constructing, maintaining and supporting offshore energy infrastructure. 

“We are very pleased to acquire Acteon and its market-leading capability in managing offshore renewable, and offshore oil and gas infrastructure. Our ownership will bring stability to the business, and investment and expertise to grow and develop the company.”

Acteon’s new chief executive Brice Bouffard  said, “We are pleased to have OEP as our investment partner to help us capture the significant opportunity to grow in our target markets.

“OEP’s deep industrial expertise will be invaluable to us as we engage in initiatives that will increase operational efficiencies, develop more advanced services for our customers, and make us a stronger competitor in our core products and service areas.”

Acteon said OEP and Buckthorn are making a ‘substantial’ investment in the business to improve its standing with suppliers and customers and enable it to compete more strongly in its core markets.

The company said the investors’ focus will be on developing Acteon’s capabilities across survey, foundations, moorings, decommissioning and consulting engineering services that support the offshore renewables and offshore oil and gas markets.