One-Page Deal Sheet
Actuant Acquires Viking SeaTech, Adding to Offshore Service Capability
Actuant Corporation Viking Seatech
Announced Date
August 02,2013
Close Date
August 02,2013
Transaction Type
Corporate
Location
Country
United Kingdom
Country
United States
State
Wisconsin
Transaction Details: Subscribe to see
Actuant Corporation announced today the signing of a definitive agreement to acquire Viking SeaTech. The purchase is subject to customary regulatory approvals and closing conditions, and is expected to be completed within 45 days. The approximately £150 million ($225 million) purchase price will be funded from the Company’s cash and revolving credit facility, and excludes potential future performance related consideration. Viking generated approximately $90 million in revenue in the past twelve months.
Headquartered in Aberdeen, Scotland, Viking is an offshore support specialist providing a…
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