M&A Deal Summary |
|
|---|---|
| Date | 2024-06-07 |
| Target | Havfram |
| Sector | Marine |
| Buyer(s) | Moreld |
| Sellers(s) | HitecVision |
| Deal Type | Add-on Acquisition |
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Moreld is an industrial group created through the merger of a number of small and medium-sized companies in HitecVision’s portfolio. As the energy sector prepares for a transition towards a low-carbon future, Moreld will seize opportunities to increase its foothold in sectors such as aquaculture, offshore wind, and other relevant renewable energy sectors, whilst continuing to nurture existing oil service operations. Moreld was founded in 2020 and is based in Stavanger, Norway.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Marine) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 1 |
| Country (Norway) | 1 of 1 |
| Year (2024) | 1 of 1 |
| Category | Private Equity Firm |
|---|---|
| Founded | 1985 |
| PE ASSETS | 5.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
HitecVision AS is a private equity firm specializing in buyouts and growth capital investments in the oil and gas industry. The Firm targets investments in middle-market companies throughout North America (primarily US) and Northern Europe (primarily Norway and the UK). HitecVision seeks companies with growth potential and unique technologies. The Firm looks to invest $30 to $150 million in companies valued up to $300 million. Specific areas of interest include drilling/down-hole, exploration/production, field development, mid- and downstream, and subsurface. HitecVision AS was formed in 1985 and is based in Stavanger. The Firm has additional offices in Oslo and Texas.
| DEAL STATS | # |
|---|---|
| Overall | 30 of 30 |
| Sector (Marine) | 2 of 2 |
| Type (Add-on Acquisition) | 16 of 16 |
| Country (Norway) | 22 of 22 |
| Year (2024) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-05-20 |
Hafslund Oslo Celsio
Oslo, Norway Hafslund Oslo Celsio is Norway's district heating provider. Company delivers sustainable district heating and power to commercial and residential properties throughout Oslo, providing heating and hot water to more than 200,000 people. Hafslund Oslo Celsio is based in Oslo, Norway. |
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