M&A Deal Summary

Dolphin Drilling Acquires Navis ASA

On January 1, 2001, Dolphin Drilling acquired energy services and equipment company Navis ASA from HitecVision

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

M&A Deal Summary

Date 2001-01-01
Target Navis ASA
Sector Energy Services and Equipment
Buyer(s) Dolphin Drilling
Sellers(s) HitecVision
Deal Type Add-on Acquisition

Target

Navis ASA

Stavanger, Norway
Navis ASA is a provider of ship building and repairing activities. Company designs, constructs and markets deepwater, harsh environment dynamically positioned drillships and other vessels based on its proprietary ship design.

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Buyer(S) 1

Buyer

Dolphin Drilling

Sandnes, Norway

Category Company
Founded 1965
Sector Energy Services and Equipment
Employees235
Revenue 97M USD (2024)
DESCRIPTION

Dolphin Drilling is an international drilling contractor operating in the mid- and ultra deep water segment. The Company provides exploration and production services to the offshore oil and gas industry building on 160 years experience in shipping and 50 years in offshore drilling. Dolphin Drilling was founded in 1965 and is based in Oslo, 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: 2001 M&A 1 of 1

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 2 of 34
Sector: Energy Services and Equipment M&A 2 of 12
Type: Add-on Acquisition M&A Deals 1 of 17
Country: Norway M&A 2 of 25
Year: 2001 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-01-01 Navis ASA

Stavanger, Norway

Navis ASA is a provider of ship building and repairing activities. Company designs, constructs and markets deepwater, harsh environment dynamically positioned drillships and other vessels based on its proprietary ship design.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-01 Roxar ASA

Stavanger, Norway

Roxar is an international provider of products and associated services for reservoir management and production optimization. Its primary products and services are multiphase subsea meters and reservoir management software.

Sell -