Adams & Remers has acted for global geoscience technology company Ikon Science Ltd on its acquisition this week of Australian company JRS Petroleum Research Pty Ltd.
Ikon Science is a global technology company in the upstream oil and gas industry who help clients to explore, develop and optimise production using their expertise in understanding the science of rocks, fluids and pressures.
“The acquisition is part of an ongoing strategy to broaden the capabilities of Ikon Science by integrating traditional strengths in Pore Pressure Prediction and Geomechanics to encompass both reservoir and well bore solutions”, says Martyn Millwood Hargrave, Chief Executive Officer.
“JRS will continue to operate as a stand-alone consultancy while providing technology, advice and services to enhance the reservoir-related offerings of Ikon Science’s software and regional services business.”
Simon Jones, Partner at Adams & Remers who advised on the deal comments: “This is an exciting acquisition for both businesses which will help with developing new integrated solutions for Ikon’s international client base.”