Acteon acquires IOS Offshore

As part of the Acteon group, Claxton works alongside 14 sister companies to deliver a fresh approach to subsea services. The group has grown significantly in recent years and continues to expand in order to better service the needs of customers.

Acteon has today completed its previously announced acquisition of IOS Holding AS and itssubsidiary IOS Offshore AS from Norse Cutting & Abandonment AS.

Established in 1986, IOS Offshore is a leading supplier of mooring equipment and services to the Norwegian offshore oil and gas industry. The company has its headquarters and principal storage and workshop base in Stavanger, and additional operational facilities at several locations along the Norwegian coast.

IOS Offshore will continue to be headed by its managing director, David Smith, who will report to Tom Fulton, president of Acteon’s global mooring business, InterMoor.

David Smith said, “The moorings market is developing rapidly in terms of product innovation and also for cross-border business opportunities. Becoming part of Acteon means we can offer our existing customers an enhanced service; it also immediately exposes IOS Offshore to the global marketplace and expands the opportunities available for our people.”

Acteon’s existing Norwegian business, InterMoor Norge, will continue to operate from its Oslo base.

You can learn more about Acteon and all of the group companies at www.acteon.com.

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