Aberdeen-headquartered Westwood Global Energy Group has acquired a US premium offshore data service for an undisclosed fee.
RigLogix is a platform which provides real-time analysis of current and projected offshore rig fleets
Westwood has taken up Houston-based RigLogix from recruitment and professional services firm DHI Group in the latest of several acquisitions.
Last April the company took over Houston-based Energent Group Software
Andrew Reid, CEO of Westwood Global Energy Group, said: “With the acquisition of RigLogix we inherit a strong, global team and capability, which is highly complementary to the wider Westwood Group offering.
“RigLogix is the sixth acquisition for Westwood and supports our strategic objective of creating a larger group of Upstream market intelligence products with real depth in niche markets”
“Our ambition to have embedded services with our clients is also secured and post-acquisition over 70% of Group revenue subscription based.”
Michael Durney, president and CEO of DHI Group, Inc., said “This is an exciting new venture for RigLogix which is a premium data services leader with an unmatched position in the oil and gas industry.
“The acquisition by Westwood Global Energy, who have a firm footing in the global energy market analytics space, will allow RigLogix to thrive, benefited by a new home that complements its comprehensive insights and innovative on-demand data.”