M&A Deal Summary

Fennovoima Acquires Intergraph - Process Power & Marine Solutions

On February 23, 2017, Fennovoima acquired information technology company Intergraph - Process Power & Marine Solutions from Intergraph

Acquisition Highlights
  • This is Fennovoima’s 1st transaction in the Information Technology sector.
  • This is Fennovoima’s 1st transaction in the United States.
  • This is Fennovoima’s 1st transaction in Alabama.

M&A Deal Summary

Date 2017-02-23
Target Intergraph - Process Power & Marine Solutions
Sector Information Technology
Buyer(s) Fennovoima
Sellers(s) Intergraph
Deal Type Divestiture

Target

Intergraph - Process Power & Marine Solutions

Madison, Alabama, United States
Intergraph Corp. - Process, Power & Marine Solutions to build and maintain a centralized engineering database for a nuclear plant project.

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Buyer(S) 1

Buyer

Fennovoima

Helsinki, Finland

Category Company
Founded 2007
Sector Utilities
DESCRIPTION

Fennovoima Ltd. is a finnish power company established by a consortium of Finnish power and industrial companies, aiming for higher self-sufficiency for Finland in electricity production.


DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (Alabama) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1

Seller(S) 1

SELLER

Intergraph

Madison, Alabama, United States

Category Company
Founded 1969
Sector Software
Employees3,450
DESCRIPTION
Intergraph office in Houston, Texas.
Intergraph office in Houston, Texas.

Intergraph Corp. is a provider of spatial information management software and services. Security organizations, businesses, and governments use Intergraph's software to turn vast amounts of complex data into visual representations, allowing for faster, more effective operational decisions. Intergraph was formed in 1969 and is based in Mobile, Alabama.


DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (Alabama) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-13 HostSure

Dublin, Ireland

HostSure Ltd. is a fast-growing technology provider of cloud services.

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