Acteon acquires Craig Group companies

Offshore staff

NORFOLK, England -- Acteon has acquired three companies from the Aberdeen-based Craig Group. They are Seatronics, International Mooring Systems (IMS), and Chain Corp. (ChainCo.) International.

"Craig Group has done a fantastic job in building these businesses and we intend to invest in them further. They will also gain from close association with existing Acteon companies, particularly those established in the international moorings and foundations sector," says Richard Higham, Acteon Group chief executive.

David Currie will continue to lead Seatronics, and Alan Duncan will head IMS and ChainCo.

"These are valuable, specialist businesses that will raise our presence in the Middle East and Asia and enhance the service Acteon is able to offer its customers," says Bernhard Bruggaier, Acteon vice president.

According to Acteon, InterMoor (an Acteon company) and IMS together will possess the world's largest inventory of mooring equipment available for rent.

7/9/2007