Acteon's 2H acquires Upstream Engineering to expand offshore engineering capabilities

This acquisition expands Acteon's offshore engineering capabilities and strengthens its fixed platform offering, integrating Upstream Engineering's platform design and turnkey project expertise with 2H's capabilities in risers, foundations, and SURF systems to offer a broader engineering service across subsea systems, deepwater developments, and nearshore infrastructure. Upstream Engineering has more than two decades of experience delivering fixed platform solutions across the Americas, including early production systems, marginal field developments and infrastructure expansions. The company has engineered platforms for water depths of up to 150 meters, more than doubling the existing fixed platform depth capability of 2H. The combined portfolio now spans infrastructure ranging from nearshore terminals and jetties to complex offshore structures. Acteon said the acquisition reflects changing market conditions, as operators increasingly seek lower capital expenditure developments and simpler field architectures.