The transaction will allow KBC to provide profit improvement and business transformation programs underpinned by technology throughout the entire hydrocarbon value chain.
FEESA’s Maximus software, when integrated with KBC’s Multiflash and Petro-SIM Production technologies, will complete the KBC software simulation suite from reservoir through to refinery.
KBC executive chairman Ian Godden said: "This strategic acquisition enables KBC to span the entire hydrocarbon value chain with technical and business transformation consulting underpinned by deep software IP.
"We expect the software business in particular to benefit from the synergies of an enhanced value suite applicable to the upstream sector."
FEESA managing director Martin Watson said: "We have been impressed with the results from KBC’s Infochem acquisition and feel a triangulation of the three businesses offers the oil and gas industry very compelling value in the design, development and operation of oil and gas fields."
The combination of KBC’s and FEESA’s technologies and consulting will enable an oilfield service firm or an upstream operator to understand the impact of changes within reservoir management and production optimisation programmes.
The acquisition comprises £10m in cash and one million KBC shares.
