M&A Deal Summary

Cegal Acquires SYSCO

On August 30, 2021, Cegal acquired information technology company SYSCO from Credo Partners

Acquisition Highlights
  • This is Cegal’s 1st transaction in the Information Technology sector.
  • This is Cegal’s 1st transaction in Norway.

M&A Deal Summary

Date 2021-08-30
Target SYSCO
Sector Information Technology
Buyer(s) Cegal
Sellers(s) Credo Partners
Deal Type Merger
Advisor(s) Carnegie Investment Bank (Financial)

Target

SYSCO

Karmsund, Norway
SYSCO is an independent IT specialist and IT systems integrator for energy utilities. SYSCO provides services addressing the needs of a rapidly changing energy utility sector. SYSCO manages specialized industry software and has a particular strength within Oracle technology, which is the underlying platform for many utilities. SYSCO was founded in 2004 and is based in Karmsund, Norway.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Cegal

Sandnes, Norway

Category Company
Founded 2000
Sector Internet Software and Services
Employees304
DESCRIPTION

Cegal is a provider of IT services to the global oil and gas industry. The Company offers Cloud services, application management, advisory services, consulting services, and sale of hardware and software to more than 200 customers and more than 14,000 users around the world. Cegal was established in 2000 and is based in Sandnes, Norway.


DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 1 of 1
Type: Merger M&A Deals 1 of 1
Country: Norway M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-08 Escape Business Technologies

Aberdeen, United Kingdom

Escape Business Technologies Ltd. is an award-winning, energy-focused provider of IT consultancy and infrastructure.

Buy -

Seller(S) 1

SELLER

Credo Partners

Oslo, Norway

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

Credo Partners is a Norwegian investment- and advisory firm that focuses on value creation in companies where strategic repositioning and significant improvements in operations are critical success factors. Credo Partners have extensive top management experience from Norwegian and international industry, and specialize in profitability improvements in companies with clear improvement potential. Credo Partners was established in 2003 and is headquartered in Oslo, Norway.


DEAL STATS #
Overall 6 of 9
Sector: Information Technology M&A 1 of 1
Type: Merger M&A Deals 1 of 1
Country: Norway M&A 4 of 6
Year: 2021 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-05 Evidi

Asker, Norway

Evidi is the Nordic region's rawest competence environment for Microsoft technology. Evidi equip ambitious businesses to seize their opportunities through a holistic approach to people, processes and technology. Evidi is based in Asker, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-27 Frisk Utvikling

Oslo, Norway

Frisk Utvikling provides services within work inclusion, specialist and occupational health, HSE, medical clinics, medical research, and organizational development. Frisk Utvikling is a provider of public unemployment services and is rapidly expanding its offering to the private sector. Integrating and professionalizing business processes will create substantial value for both investors and jobseekers. Frisk Utvikling is based in Oslo, Norway.

Sell -