Add-on Acquisition • Business Services

Add Energy Group Acquires Lucid Consultants Pty

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

Acquisition Context

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

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M&A Deal Summary
Date	July 1, 2011
Target	Lucid Consultants Pty
Sector	Business Services
Buyer(s)	Add Energy Group
Deal Type	Add-on Acquisition

Target Company

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 Overview 1

Buyer

Add Energy Group

Stavanger, Norway

Category	Company
Founded	1986
Sector	Software
Employees	135
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 Context for Buyer	#
Overall	1 of 1
Sector: Business Services	1 of 1
Type: Add-on Acquisition	1 of 1
Country: Australia	1 of 1
Year: 2011	1 of 1

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