HMH Holdings B.V. Acquires Electrical Subsea & Drilling AS (ESD)
August 24, 2022
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.
- Buyers
- HMH Holdings B.V.
- Targets
- Electrical Subsea & Drilling AS (ESD)
- Industry
- Oil & Gas
- Location
- Vestland, Norway
- Transaction Type
- Buyout
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