logo
logo

Tidewater Announces The Acquisition Of Swire Pacific Offshore, Creating World’S Leading Osv Operator

Mar 09, 2022•over 3 years ago

Acquiring Company

Tidewater

Acquired Company

Tidewater

EnergyEnergy

Description

Tidewater Inc. (NYSE: TDW) (the “Company”) today announced a definitive agreement to acquire all of the outstanding shares of Swire Pacific Offshore Holdings Limited (“SPO”), a subsidiary of Swire Pacific Limited (HKSE: 0019.HK and 0087.HK), for approximately $190 million (the “Transaction”).

Company Information

Company

Tidewater

About

Tidewater owns and operates one of the largest fleets of offshore support vessels in the industry, with more than 65 years of experience supporting offshore energy exploration, production, generation and offshore wind activities worldwide.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed