M&A Deal Summary

Dovre Group Acquires Tech4Hire AS

On March 27, 2019, Dovre Group acquired internet software and services company Tech4Hire AS for 20M NOK

Acquisition Highlights
  • This is Dovre Group’s 1st transaction in the Internet Software and Services sector.
  • This is Dovre Group’s largest (disclosed) transaction.
  • This is Dovre Group’s 1st transaction in Norway.

M&A Deal Summary
Date 2019-03-27
Target Tech4Hire AS
Sector Internet Software and Services
Buyer(s) Dovre Group
Deal Type Add-on Acquisition
Deal Value 20M NOK

Target

Tech4Hire AS

Lysaker, Norway
Tech4Hire AS provides qualified engineering consultants primarily to the oil and gas industry. Tech4Hire AS was founded in 2000 and is based in Lysaker, Norway.

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Buyer(S) 1

Buyer

Dovre Group

Espoo, Finland
Category Company
Founded 1983
Sector Business Services
Employees733
Revenue 197M EUR (2023)
DESCRIPTION

Dovre Group provides project management services worldwide. The company’s Project Personnel business offers project personnel services in the oil and gas, mining, and energy industries. Dovre Group was founded in 1983 and is based in Espoo, Finland.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Norway) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-31 Safran

Stavanger, Norway

Safran is a risk, project, and portfolio management software company. Safran has a client portfolio of Fortune 500 Global customers, many from the Engineering & Construction, Energy, and Infrastructure & Transportation sectors, and new customers have been signed up globally both directly and through international partners and resellers. Safran was established in 1997 and is based in Stavanger, Norway.

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