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M&A Deal Summary

Add Energy Group Acquires Lucid Consultants Pty

On July 1, 2011, Add Energy Group acquired business services company Lucid Consultants Pty

Acquisition Highlights
  • This is Add Energy Group’s 1st transaction in the Business Services sector.
  • This is Add Energy Group’s 1st transaction in Australia.

M&A Deal Summary
Date 2011-07-01
Target Lucid Consultants Pty
Sector Business Services
Buyer(s) Add Energy Group
Deal Type Add-on Acquisition

Target

Lucid Consultants Pty

Subiaco, Australia
Lucid Consultants provides engineering project services with a focus on production optimization, integrated production modeling, production technology, reservoir engineering and field development planning.

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Buyer(S) 1

Buyer

Add Energy Group

Stavanger, Norway
Category Company
Founded 1986
Sector Software
Employees135
Revenue 480M NOK (2014)
DESCRIPTION

Add Energy Group is a provider of consulting and software solutions for unlocking efficiencies and improving uptime in the oil and gas sector. Add Energy Group was established in 1986 and is based in Stavanger, Norway.

DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2011 M&A 1 of 1
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