Baker Hughes and Akastor Form HMH

HMH Holdings B.V. Acquires Electrical Subsea & Drilling AS (ESD)

August 24, 2022

Oil & Gas

HMH Holdings B.V. completed the acquisition of Electrical Subsea & Drilling AS (ESD), a Bergen, Norway–based developer of patented subsea drilling and pressure-control technologies. The purchase brings ESD's electronic blowout preventer and rotating control device IP into HMH's subsea drilling equipment portfolio to accelerate capability development and commercial deployment.

AKH HoldCo AS (Aker ASA) Merges with Aker Horizons Holding AS; Aker Horizons Distributes AKHH Shares to Shareholders

September 11, 2025

Renewable Energy

Aker Horizons Holding AS (AKHH) and AKH HoldCo AS (a subsidiary of Aker ASA) have completed their merger, which was registered on 11 September 2025. As part of the transaction Aker Horizons ASA distributed AKHH shares as a dividend-in-kind to its shareholders: eligible Aker Horizons shareholders will receive NOK 0.267963 in cash and 0.001898 Aker ASA shares per Aker Horizons share (fractions rounded down).

Maersk Drilling and Noble Corporation Agree to 50/50 Combination

November 10, 2021

Oil & Gas

The Drilling Company of 1972 A/S (Maersk Drilling) and Noble Corporation have entered into a definitive agreement to combine in a 50/50, primarily all‑stock transaction. The combined company will be named Noble Corporation, listed on the New York Stock Exchange and Nasdaq Copenhagen, and is expected to create a stronger customer proposition, deliver cost synergies and a modernized fleet.

Akastor ASA Acquires Mitsui's Stake in AKOFS Offshore; MOL to Receive 8.3%

January 14, 2025

Oil & Gas

Akastor ASA has completed the transfer of all of Mitsui & Co., Ltd.'s interests in AKOFS Offshore AS, increasing Akastor's ownership to 75%. Akastor and Mitsui O.S.K. Lines (MOL) have signed agreements under which Akastor will transfer 8.3% of AKOFS Offshore to MOL (on substantially the same commercial terms), resulting in final ownership of two-thirds for Akastor and one-third for MOL while AKOFS Offshore remains a jointly controlled entity.

Baker Hughes Acquires AccessESP

July 27, 2022

Energy

Baker Hughes has agreed to acquire AccessESP, a Houston-based provider of the GoRigless ESP deployment system, to integrate the company's alternative electrical submersible pump (ESP) deployment technology into Baker Hughes' Oilfield Services segment. AccessESP — with approximately 55 employees and facilities in North America and the Middle East — will bring proprietary IP, personnel and commercial agreements to Baker Hughes to reduce costs and downtime for oilfield operators.

Norvestor Acquires Majority Stake in PHM Group

March 11, 2020

Professional Services

Norvestor has signed an agreement to acquire a majority of the shares in PHM Holding Oy (PHM), a Finland-headquartered residential and commercial property maintenance services provider. The transaction backs PHM's Nordic expansion and consolidation strategy alongside existing owner Intera Fund III Ky and management, with PHM reporting ~€120m revenue and ~1,200 employees.