The TOP75:

RANK:

8

ACTEON GROUP

Website: Acteon.co.uk

Acteon has a large portfolio of subsea products and services.

2011 2010 2009 2008 2007
£310,862 £287,936 £309,150 £194,200 £121,700
2011 2010 2009 2008 2007
1,538 1,781 1,595 1,114 700
2011 2010 2009
£36,241 £32,129 £34,605
2011 2010 2009 2008 2007
8 8 8 10 22

*Financial figures in GBP£000's

Click here to view related Acteon business news stories
on the EDP website

Norwich-headquartered offshore and subsea services and equipment group Acteon has grown to become one of East Anglia's largest firms, with turnover of £310.8m last year and nearly 1,800 staff.

Formed out of the UWG Group in 2004, the company says it has developed through a combination of organic expansion and the targeted acquisition of companies that have provided additional services, products, experience and geographic access in the subsea arena.

One of the group's 16 companies, with an office in the Middle East, is Claxton Engineering in Great Yarmouth, founded in 1985 and now employing about 100 people.

In 1999 Claxton was one of a pair of companies which joined together and set the foundation for Acteon. Its own turnover, at £32.4m in the year to end 2009, would put it in the EDP's Top 75.

Last year it said it was expanding in the Middle East after increasing its rental business. It also developed a new drilling tool which was claimed could save clients millions of pounds.

Tragedy struck the company this year when four contractors were killed in an accident at the firm's Yarmouth site.

Acteon's Woking-based 2H offshore recently won a major contract with Chevron for riser systems.

Conductor Installation Services, founded in 2005 with a base in Great Yarmouth, has a growing US presence. In January won a £10m contract to install conductors for a client in the West African region.

Menck, based in Germany, is involved in piling work for 160 wind turbine foundations at Gwynt y Môr Offshore Wind Farm, off the North Wales coast.

Acteon’s other firms include Aquatic, CAPE, Fluke, InterAct, InterMoor, LDD, Mirage, OIS, Seatronics, SRP and TEAM Energy, a £30m manpower provision business based in Norwich with offices in Dubai and Dohar.

First Reserve Corporation, a global private equity firm, bought a majority stake in Acteon is 2006.