Sale of Probe Oil Tools Limited to Acteon Group Limited

Deal typeM&A

The M&A team at BDO in East Anglia has advised the shareholders of Probe Oil Tools on the sale of the company to Acteon Group. Acteon, a specialist subsea services company with its headquarters in Norwich, is one of the largest firms in East Anglia providing integrated subsea services to the oil, gas and renewable industries.   It has acquired Great Yarmouth-based Probe Oil Tools, a specialist provider of high specification pressure control equipment for the offshore and onshore exploration industries, which was established in 1973 by Managing Director Keith Ford.