India, June 24 -- Hunting PLC (HTG.L) has acquired UK-based Flexible Engineered Solutions (Group) Holdings Limited (FES) for £50 million in cash, marking a strategic move to expand its offshore and subsea footprint under the Hunting 2030 Strategy.
The acquisition brings proprietary subsea fluid transfer technologies aligned with Hunting's deepwater and ultra-deepwater operations and is expected to be earnings accretive in its first full year.
FES's solutions, deployed globally in regions like the Gulf of Mexico and West Africa, serve key markets including oil and gas and offshore renewables. The deal enhances cross-selling opportunities across Hunting's subsea divisions and provides entry into floating wind markets. The acquisition w...