AF Gruppen acquires Claxton Engineering Services to expand offshore decommissioning and wind services

Type: Acquisition · Technology: Offshore Wind · Country: Norway · Value: $86.1M · Announced: 2026-04-15

AF Gruppen completed the acquisition of Claxton Engineering Services for $86.1 million, expanding its offshore decommissioning and wind services portfolio. Claxton, owned by Acteon Group, specializes in technology-driven offshore decommissioning and operates internationally with 400 employees and over $110 million in revenue. The deal strengthens AF Gruppen's capabilities in late- and end-of-life offshore asset management, including proprietary riser and subsea equipment used in offshore wind installations. Headquartered in Aberdeen, Claxton has regional hubs in Norway, the United States, Singapore, and Abu Dhabi, serving key offshore markets like the North Sea. The transaction is expected to close in Q2 2026 pending Norwegian Competition Authority approval, with the business operating as an independent unit within AF Gruppen's offshore division.

Analysis

AF Gruppen has announced the acquisition of Claxton Engineering Services for $86.1 million, expanding its offshore decommissioning and wind services. Claxton, owned by Acteon, operates internationally with 400 employees and over $110 million in revenue, specializing in technology-driven offshore decommissioning and serving key offshore markets like the North Sea from its Aberdeen headquarters. AF Gruppen is a leading Norwegian construction and civil engineering company with extensive operations in building and infrastructure. The transaction is expected to close in Q2 2026, pending Norwegian Competition Authority approval.

Key points

Counterparties

Source article