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Aker Solutions acquires Managed Pressure Operations

Managed Pressure Operations International Ltd. (MPO), an oilfield services and technology company with locations in Singapore, Dubai, Houston, and Indonesia, said March 8 that it has been acquired by Aker Solutions, a global oilfield services provider.

MPO, which provides technologically advanced and cost-effective continuous circulation and managed pressure drilling (MPD) systems, was a portfolio company of NGP Energy Technology Partners (NGP ETP), a private equity firm that manages approximately $500 million in capital commitments and focuses on investments in energy technology and service companies.

MPO was advised by investment bank Tudor, Pickering, Holt & Co. and the law firms of BoyarMiller and Schjodt. Terms of the deal were not disclosed.

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