K2 Energy Group strengthens offshore compliance services through Eutex acquisition

K2 Energy Group has acquired the hazardous-area inspection services division of Eutex Inc., strengthening its global footprint in offshore safety, verification and compliance support for drilling contractors and oil and gas operators. The deal, announced Nov. 13, includes K2’s purchase of Eutex International Pte Ltd in Singapore. Financial terms were not disclosed. 

The acquisition adds Eutex’s hazardous-area inspection, verification, digital data management and remediation services to K2’s portfolio, complementing the company’s technology-driven maintenance and engineering offerings. K2 said the combined capabilities will help major offshore production operators and international drilling contractors meet increasingly stringent compliance requirements more efficiently and cost-effectively.

Eutex will retain its global training, certification and product distribution businesses. Both companies have also established a strategic cooperation agreement to continue supporting each other’s service lines worldwide.

“Partnering with K2 was a natural next step as Eutex refines its growth strategy,” said Tommy Sutherland, CEO of Eutex and Founder of Sutherland Holdings International. “This deal aligns with our mission to build resilient, high-performing companies that deliver long-term value.”

K2 Chairman Nick Conway said the acquisition deepens the company’s expertise in electrical and hazardous-area services and expands its reach into new regions and energy markets. “This milestone strengthens K2’s growth trajectory and enhances our ability to support customers across the offshore sector with specialized products and technologies,” he said.

Sutherland Holdings noted that the transaction demonstrates its continued effort to build specialized platforms positioned for global growth across the energy and industrial sectors.