M&A Deal Summary

Delmar Systems Acquires Delmar Systems & Vryhof

On May 24, 2021, Delmar Systems acquired machinery company Delmar Systems & Vryhof from HitecVision

Acquisition Highlights
  • This is Delmar Systems’ 1st transaction in the Machinery sector.
  • This is Delmar Systems’ 1st transaction in the Netherlands.

M&A Deal Summary

Date 2021-05-24
Target Delmar Systems & Vryhof
Sector Machinery
Buyer(s) Delmar Systems
Sellers(s) HitecVision
Deal Type Add-on Acquisition

Target

Delmar Systems & Vryhof

Schiedam, Netherlands
Delmar Systems and Vryhof are the trusted partners to most offshore energy industry’s, delivering innovative and customer-focused anchoring and mooring solutions. Delmar Systems & Vryhof are committed to the highest standards of safety, integrity, and respect to the environment. Delmar Systems & Vryhof is based in Schiedam, Netherlands.

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Buyer(S) 1

Buyer

Delmar Systems

Broussard, Louisiana, United States

Category Company
Founded 1968
Sector Oil/Gas Exploration
DESCRIPTION

Delmar Systems is a providing mooring services to the offshore oil and gas industry. Delmar Systems was founded in 1968 and is Based in Broussard, Louisiana.


DEAL STATS #
Overall 2 of 2
Sector: Machinery M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Netherlands M&A 1 of 1
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-24 Deep Sea Mooring

Tananger, Norway

Deep Sea Mooring is the trusted choice for E&P (exploration and production) companies and drilling operators that demand the best in safe, innovative and optimum quality mooring solutions. Deep Sea Mooring was founded in 2008 and is based in Tananger, Norway.

Buy -

Seller(S) 1

SELLER

HitecVision

Stavanger, Norway

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 8.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

HitecVision is a private equity firm specializing in buyouts and growth capital investments in the oil and gas industry. The Firm targets investments in middle-market companies throughout North America (primarily US) and Northern Europe (primarily Norway and the UK). HitecVision seeks companies with growth potential and unique technologies. The Firm looks to invest €150 to €500 million in companies. Specific areas of interest include drilling/down-hole, exploration/production, field development, mid- and downstream, and subsurface. HitecVision was formed in 1985 and is based in Stavanger. The Firm has additional offices in Oslo and Texas.


DEAL STATS #
Overall 30 of 34
Sector: Machinery M&A 3 of 3
Type: Add-on Acquisition M&A Deals 16 of 17
Country: Netherlands M&A 1 of 1
Year: 2021 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-24 Deep Sea Mooring

Tananger, Norway

Deep Sea Mooring is the trusted choice for E&P (exploration and production) companies and drilling operators that demand the best in safe, innovative and optimum quality mooring solutions. Deep Sea Mooring was founded in 2008 and is based in Tananger, Norway.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-16 Var Energi

Stavanger, Norway

Var Energi is an independent exploration and production (E&P) company on the Norwegian continental shelf (NCS) with an average production of more than 170,000 barrels of oil equivalent per day. The company operates oil and gas production across the entire shelf, with fields in the Barents Sea, the Norwegian Sea, and the North Sea. Var Energi was founded in 2018 and is based in Stavanger, Norway.

Sell -