Actuant Corp. (NYSE: ATU) is buying Viking SeaTech for £150 million (U.S. $225 million).

Aberdeen, Scotland-based Viking provides equipment and services to the offshore oil and gas industry. Viking specializes in vessel mooring services, including design, rental, installation and inspection. The company’s primary markets are the North Sea and Australia.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.