18/06/2007
Acteon today announces the acquisition of Pacific Management Technologies Inc. (PMTI), which adds a new dimension to its business.
Based in Ventura (CA) and Houston (TX), USA, and employing around 70 people, PMTI has attracted a strong following for its project management services, which fall into three main areas: production facilities and operations; drilling and production services; and decommissioning.
Richard Higham, group chief executive of Acteon, said: “PMTI is an exciting acquisition for us because it reinforces the group’s high-level project management capabilities. The company possesses an unusually wide spectrum of offshore knowledge and experience and is recognised not only for its professionalism but also for its intensely value-driven approach to projects right across the oilfield life cycle.”
Much of PMTI’s current workload involves projects offshore California and in the Gulf of Mexico, and the company will continue to pursue work in these areas. However, joining Acteon will expose the company - the name of which will change to InterAct PMTI - to opportunities further afield.
“We are naturally looking forward to the chance to expand geographically,” said Tom Kennedy, president of PMTI. “In addition, we have long considered that we have the industry knowledge and understanding, plus the integration skills, to help us deliver more complex and challenging projects for our customers. As part of Acteon we will benefit from access to an outstanding range of capabilities, which I am confident will enable us to undertake an enhanced role. Overall, I believe PMTI has the potential to add a new dimension to Acteon’s business.”
Tom Kennedy will continue as president of InterAct PMTI and will report to Acteon vice president, Paul Alcock, who is responsible for developing the group’s high-level project management capability.
Acteon was advised by Simmons & Company International of Aberdeen.
For more information, please contact
Paul Alcock, VP Marketing and Business Integration, Acteon
Tel +44 1603 227012, or mobile +44 7765 883925
Acteon is a group of specialist engineering companies serving the global offshore oil and gas industry. It focuses on technology that has applications in the vital region between the seabed and the surface production facilities. Acteon companies are: MENCK, InterMoor, Trident Offshore, CIS, Aquatic, UWG, Claxton, 2H Offshore, WellCut, Mirage Machines and Team Energy Resources.
dimension to its business.