Acteon provides equipment and services to link seabed oil wells with surface facilities. Led by chief executive Richard Higham, 55, the group is made up of 17 businesses operating in the world’s big oil and gas production sites. Sales have been boosted by increasing activity in the sector and by a series of acquisitions. Last year KKR bought First Reserve’s 52% shareholding, giving the company a reported enterprise value of £800m-£900m.

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Company details
Year2013
Rank35
CompanyActeon
ActivitySubsea services provider
LocationNorwich
Sales £m*445.4
Operating profit £m*80.0
Main shareholdersKKR & White Deer Management (72%), management (28%)
Staff2,082
Founded1989
Websitewww.acteon.com

If applicable:

* supplied by Company   † annualised figure   ‡  profit = ebitda