Forum Energy Technologies announced that it acquired Moffat 2000, a manufacturer of subsea pipeline inspection gauge launching and receiving systems, and subsea connectors. Moffat is based in Newcastle, England. On July 1, Forum also closed the previously announced acquisition of Blohm + Voss Oil Tools, and the joint purchase of Global Tubing in partnership with Quantum Energy Partners. The current annualized aggregate operating income contribution to Forum of the three acquisitions is approximately $32M.
- Oil, Gas, & Consumable Fuels
- Mergers, Acquisitions & Takeovers
- Quantum Energy Partners