Square One update - Kent to acquire Exceed
Posted on 26 August 2025
Global integrated energy services company, Kent, has agreed to acquire Exceed (XCD) Holdings Limited, a provider of well management and engineering services.
The acquisition marks Kent’s expansion into decommissioning, delivering on its aim to become a full-service partner across the energy lifecycle.
Exceed, headquartered in Aberdeen and with operations spanning over 40 countries, brings two decades of experience in delivering complex offshore well projects, with over 70 wells drilled and more than 150 decommissioned to date.
The firm is one of only three licensed UK Well Operators and is widely recognised for its deep technical expertise and a client base including leading international, national and independent energy companies.
John Gilley, CEO of Kent, said: “Our agreement to acquire Exceed is a bold step into the future of responsible energy operations.
“Exceed’s specialist capabilities in well and reservoir management, coupled with their strong reputation in decommissioning, complement our vision of offering full lifecycle services to our clients.
“Together, we will be uniquely positioned to help the industry navigate energy security, net-zero mandates, and the safe retirement of offshore assets.”
Deloitte and commercial law firm, Square One Law, advised Kent on the deal, which is expected to be completed later this year.
Ian Mills, Managing Director of Exceed, added: “We’ve built Exceed over 20 years with a commitment to technical excellence, innovation and client trust.
“Joining forces with Kent is the natural next step. It gives us the financial backing and global reach to scale our expertise to new markets and opportunities, while preserving the same culture, entrepreneurial spirit and values that define us.”
The acquisition is Kent’s second in recent months, following its entry into the data centre market through the purchase of Sudlows Consulting.
The moves underscore Kent’s strategy to diversify across high-growth energy and infrastructure sectors and reinforce its position as a forward-thinking global engineering powerhouse.
ENDS
