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

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.

Counterparts (3)

Seller

Claxton Engineering Services

company · 1 deals

Aberdeen-based offshore energy services company with 40+ years of experience in decommissioning, conventional energy infrastructure, and offshore wind services. Provides specialized cutting, lifting, and integrity solutions across global offshore energy markets.

parent_company

Acteon

company · 3 deals

Acteon is a global provider of subsea services and equipment for the offshore energy industry, including oil & gas, offshore wind, and carbon capture. Headquartered in Norwich, UK, the company employs over 2,000 people and operates worldwide through its specialist companies.

Buyer

AF Gruppen

company · 1 deals

AF Gruppen is a leading Norwegian construction and civil engineering company with extensive operations in building, infrastructure, environment, and property development. They specialize in delivering complex projects across various sectors, primarily in the Nordic region, with a strong focus on sustainability, safety, and innovation.