Investment Summary

EV Private Equity Invests In Wireless Seismic

On December 21, 2010, private equity firm EV Private Equity invested in technology hardware company Wireless Seismic

Investment Highlights
  • This is EV Private Equity’s 3rd transaction in the Technology Hardware sector.
  • This is EV Private Equity’s 6th transaction in the United States.
  • This is EV Private Equity’s 4th transaction in Texas.

Investment Summary

Date 2010-12-21
Target Wireless Seismic
Sector Technology Hardware
Investor(s) EV Private Equity
Deal Type Venture

Target

Wireless Seismic

Stafford, Texas, United States
Wireless Seismic manufactures the only wireless seismic data acquisition system with real-time data return, improving safety and data quality while lowering operating costs. Wireless Seismic was founded in 2006 and is based in Stafford, Texas.

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Investor(S) 1

Investor

EV Private Equity

Stavanger, Norway

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 1.0B NOK
Size Small
Type Sector Focused
DESCRIPTION

Energy Ventures is an independent venture capital firm that manages/advises four venture funds. It actively seeks early- to mid-stage investments in technology companies that deliver a marketable, proprietary product or service in the upstream oil and gas sector. Energy Ventures focuses on investments based in the North Sea area or North America with an international orientation. Established in 2002, Energy Ventures is based in Stavanger, Norway with additional offices in Aberdeen, UK, and Houston, Texas.


DEAL STATS #
Overall 26 of 48
Sector: Technology Hardware M&A 3 of 3
Type: Venture M&A Deals 15 of 19
State: Texas M&A 4 of 9
Country: United States M&A 6 of 13
Year: 2010 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-01 OmniWare AS

Kristiansund, Norway

OmniWare AS (fka LYNX Technologies AS) is a software developer for Contract Management and Health, Safety & Environment software. Company's primary customer groups are Oil & Gas companies with additional customers in the mining industry, hospitals, utility companies and government agencies.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-07 Norse Cutting & Abandoment AS

Tananger, Norway

Norse Cutting & Abandonment AS is an oilfield technology company that specializes in providing subsea tooling services used in the plugging, abandonment, and decommissioning of offshore oil and gas production platforms and subsea wellheads.

Sell $60M