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Announced

Completed

Technip completed the acquisition of a 50% stake in PLSV from Ocyan for $350m.

Financials

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Transaction Value£268m
Consideration TypeCash
Capital Owned-
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Brazil

Cross Border

pipelay

Friendly

Single Bidder

Pipelines

Majority

Private

Completed

Synopsis

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Technip, a company that carried out project management, engineering and construction for the energy industry, completed the acquisition of a 50% stake in Petrobras pipe laying support vessels from Ocyan, a provider of oilfield services and equipment, for $350m.

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