Acteon Group strengthens its moorings offering with the acquisition of Bruce Anchor
Subsea services group Acteon has enhanced its capabilities in the provision of temporary and permanent mooring systems by acquiring Bruce Anchor. The acquisition adds to Acteon’s capability in the mooring and installation market. Providing high quality anchor technology to global clients in the Oil & Gas and renewables sectors, Bruce Anchor will retain its independence within the Acteon portfolio.
Originally founded in 1972, Bruce Anchor is a globally-recognised brand, renowned for innovation and product excellence in its field. The company has been instrumental in the continued development of anchoring systems with improved holding capabilities.
Reporting to Bernhard Bruggaier, Acteon’s Executive Vice President of Operations, Bruce Anchor’s director of sales, Steve Broadbent, will manage the business. He will be supported by the founder, Peter Bruce, during the transition into Acteon.
Mr Bruce said, “I’m pleased to hand over the reins and look forward to supporting Acteon during the transition and into the next era for the Bruce brand. I’d also like to thank our clients for their support over the years”.
Dr Bruggaier, said, “The acquisition strengthens Acteon’s offering to its global client base. Whilst the products are complementary to those already in our Group of companies, we will ensure that Bruce Anchor retains its independence to allow our moorings businesses to offer the best possible technical solutions for all applications. We very much look forward to working with Steve and the team”
The transaction was completed on 21 December 2016.