Acquiring Company
AF Gruppen
Acquired Company
Claxton
Norway
Aberdeen CityConstructionBuilding MaintenanceCivil EngineeringOil And GasDescription
AF Gruppen has agreed to acquire Claxton from Acteon Group for €72.8 million. This acquisition aims to enhance AF Gruppen's offshore operations and expand into new markets such as offshore wind. Claxton will operate as an independent unit within AF Gruppen's Offshore business area. The transaction is pending approval from the Norwegian Competition Authority and is expected to finalize in Q2 2026.
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Frequently asked
Who acquired Claxton?
Claxton was acquired by AF Gruppen, based in Norway. The deal was reported on April 16, 2026. AF Gruppen is a leading provider of contracting and engineering services in Norway. They focus on sustainable solutions and innovation in the construction industry. AF Gruppen is privately held and operates in Construction.
When did AF Gruppen acquire Claxton?
AF Gruppen's acquisition of Claxton was reported on April 16, 2026. AF Gruppen has agreed to acquire Claxton from Acteon Group for €72.8 million. This acquisition aims to enhance AF Gruppen's offshore operations and expand into new markets such as offshore wind. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Claxton do?
Claxton is an offshore engineering firm specializing in decommissioning and installation services. Founded in 1985, it operates primarily in the North Sea with facilities in various countries. It is privately held, operating in Oil And Gas, and is based in Aberdeen City.
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