M&A Deal Summary

Akastor ASA Acquires Cool Sorption

On December 22, 2022, Akastor ASA acquired oil/gas exploration company Cool Sorption from Diamond Key International for 20M DKK

Acquisition Highlights
  • This is Akastor ASA’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Akastor ASA’s 0th largest (disclosed) transaction.
  • This is Akastor ASA’s 1st transaction in Denmark.

M&A Deal Summary
Date 2022-12-22
Target Cool Sorption
Sector Oil/Gas Exploration
Buyer(s) Akastor ASA
Sellers(s) Diamond Key International
Deal Type Divestiture
Deal Value 20M DKK

Target

Cool Sorption

Copenhagen, Denmark
Cool Sorption is a specialist supplier of Vapour Recovery Units (VRU) and systems. Cool Sorption enjoys a complete product portfolio, which ranges from small compact units to the industry’s most complex systems, making it a recognized technology provider worldwide. Cool Sorption is based in Copenhagen, Denmark.

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Buyer(S) 1

Buyer

Akastor ASA

Lysaker, Norway
Category Company
Sector Diversified
DESCRIPTION

Akastor ASA is an investment company based in Norway with a portfolio of companies in the oilfield services sector in addition to other smaller-sized holdings. The portfolio companies of Akastor were organized as independent companies following the demerger of Aker Solutions ASA in September 2014. Akastor was the surviving entity in the demerger, and subsequently has been established as an investment company with independent portfolio companies, responsible for all aspects of their own operations.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
Country (Denmark) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-28 Frontica Business Solutions AS

Fornebu, Norway

Frontica Business Solutions AS is involved in providing staffing, consulting, technology and other outsourcing services.

Sell -

Seller(S) 1

SELLER

Diamond Key International

Rowville, Australia
Category Company
Sector Information Technology
DESCRIPTION

Diamond Key International is a provider of IT and integrated engineered solutions, products and services to the downstream oil, gas, chemical and lubricant industries related to the storage, transfer and distribution of bulk liquids and gases. Diamond Key International's solutions range from specialised technical components, measurement and control systems to integrated automation systems for the entire plant. Diamond Key International is based in Rowville, Australia.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
Country (Denmark) 1 of 1
Year (2022) 1 of 1
Mergr

Product

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