NORWICH, UK– Acteon Group Ltd. has signed a definitive agreement to purchase Viking Seatech from Actuant Corp.
Viking Seatech is a temporary and permanent mooring services provider. The acquisition broadens Acteon’s existing mooring business with a local presence in both Australia and Indonesia.
Acteon has also agreed to sell Mirage Machines, a manufacturer of portable machine tools, to Actuant.
The two transactions will close simultaneously and are subject to customary regulatory approvals and closing conditions.