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M&A Deal Summary

Beerenberg Acquires Remotion

On April 8, 2022, Beerenberg acquired energy services and equipment company Remotion

Acquisition Highlights
  • This is Beerenberg’s 1st transaction in the Energy Services and Equipment sector.
  • This is Beerenberg’s 1st transaction in Norway.

M&A Deal Summary
Date 2022-04-08
Target Remotion
Sector Energy Services and Equipment
Buyer(s) Beerenberg
Deal Type Add-on Acquisition

Target

Remotion

Sandnes, Norway
Remotion delivers unique hull repair, maintenance, and inspection services based on the technology of magnetic robots (M-ROV). The company's M-ROVs handle the demanding hydrodynamics with ease. Remotion's M-ROVs are deployed directly from the FPSO or platform with no need for an additional support vessel. It can be self-deployed from a deployment frame or with use of crane. In up to 4,5m Hs wave height the systems can perform close visual inspection with full HD and unique picture quality, habitat installations, friction welding, NDT and light construction tasks. Remotion was formed in 2014 and is based in Sandnes, Norway.

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Buyer(S) 1

Buyer

Beerenberg

Bergen, Norway
Category Company
Founded 1977
Sector Energy Services and Equipment
Revenue 1.5B SEK (2012)
DESCRIPTION

Beerenberg is a provider of services to the oil and gas industry on the Norwegian continental shelf within the areas of surface treatment, passive fire protection, insulation, and scaffolding. Beerenberg was founded in 1977 and is based in Bergen, Norway.

DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Norway M&A 1 of 1
Year: 2022 M&A 1 of 1
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