Done deals (March 2014)

Schneider Electric, Invensys, Aker Solutions, EQT, Chesapeake, Ziebel, Dassault Systèmes, Accelrys, NuoDB, Fugro, Intertek, ION Geophysical, KKR, Quest Global, Siemens, TUV Rheinland.

France’s Schneider Electric has completed its $5.2 billion acquisition of UK-based industrial automation specialist Invensys.

Aker Solutions has sold its well-intervention business to Swedish EQT for NOK 4 billion plus an earn-out provision.

Chesapeake Energy is to dispose of its oilfield services division as either a spin-off to shareholders or an outright sale.

Investinor portfolio company Ziebel has raised $10 million from existing investors and ConocoPhillips Technology Ventures and Chevron Technology Ventures.

Dassault Systèmes has commenced a cash tender offer for all of the outstanding shares of Accelrys.

NuoDB’s latest round of funding includes new investor Dassault Systèmes along with existing venture investors.

Fugro has completed the acquisition of high-resolution mapping services provider Roames Asset Services from Ergon Energy.

Intertek has acquired International Inspection Services, a provider of non-destructive testing services to the energy, oil and gas industries based in the Middle East.

ION Geophysical now owns 70% of OceanGeo (formerly known as GeoRXT).

KKR has closed its Energy Income and Growth Fund I, a $2 billion vehicle targeting the North American unconventional sector.

Engineering solutions provider Quest Global has acquired Beeken TechQuest and its engineering services unit.

Siemens’ industry sector and venture capital unit are launching a $100 million ‘industry of the future Fund’ targeting ‘young and dynamic’ companies. Investments to date include Lagoa (Montreal), a provider of cloud-based 3D visualization software and cyber security specialist CounterTack (Boston).

TÜV Rheinland is acquiring UK-based Risktec Solutions, a provider of risk and safety services.

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