Acteon Greatly Expands Brazilian Presence

Acteon announced the acquisition of 80% of Brazilian mooring and anchoring equipment specialist Fluke Engenharia Ltda. The deal increases Acteon's geographical presence in the key deepwater Brazilian market and adds extensive capabilities to its mooring systems services.

Fluke employs 350 people spread between its office in Rio de Janeiro and an 80,000 m2 fabrication, maintenance and inspection facility in Macae. The company has commenced construction of a second yard in the up-and-coming service base of Serra, Espírito Santo state.

Fluke offers a comprehensive portfolio of anchors and accessories for offshore mooring. It also provides onshore testing, inspection and repair services for anchoring and rigging products. These capabilities enhance the products and services offered by other Acteon companies, most notably mooring specialist InterMoor. The deal also provides Acteon with a base for expanding its back-of-the-boat services, which include tree and manifold installation work, flowline reeling and setting of foundations, to the Brazilian market.

Richard Higham, group chief executive of Acteon, said, "Fluke is an exciting acquisition for us. The company has an important position in the Brazilian deepwater market through having established a strong track record with the Brazilian state-run oil company, Petrobras. Not only will the deal increase our geographical footprint, it will also expand our global mooring offering as we gain access to Fluke's high-tech engineering expertise and facilities."

Antonio Manuel Ferreira dos Santos Filho will continue as general director of Fluke along with the existing management team and will report to Bernhard Bruggaier, who is vice president of Acteon's products and services companies.

Antonio Manuel said, "Fluke's participation in the Acteon Group will provide the investment and access to technologies to support the continuing growth of the offshore market in Brazil for the benefit of our customers."