M&A Deal Summary

Freudenberg & Co KG Acquires Vector Technology Group AS

On December 10, 2012, Freudenberg & Co KG acquired energy services and equipment company Vector Technology Group AS from HitecVision

Acquisition Highlights
  • This is Freudenberg & Co KG’s 1st transaction in the Energy Services and Equipment sector.
  • This is Freudenberg & Co KG’s 1st transaction in Norway.

M&A Deal Summary

Date 2012-12-10
Target Vector Technology Group AS
Sector Energy Services and Equipment
Buyer(s) Freudenberg & Co KG
Sellers(s) HitecVision
Deal Type Add-on Acquisition

Target

Vector Technology Group AS

Drammen, Norway
Vector Technology Group AS is an internationally recognized manufacturer of proprietary pipe connection and sealing solutions and subsea applications, with as main products being the SPO compact flange, the TECHLOK clamp connector and the OPTIMA subsea connector. Vector has manufacturing facilities in Norway and Wales, and distribution centres worldwide.

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Buyer(S) 1

Buyer

Freudenberg & Co KG

Weinheim, Germany

Category Company
Founded 1849
Sector Business Services
DESCRIPTION

Freudenberg offers tailor-made, innovative technological products and services to customers in the automotive, mechanical and plant engineering, textile and clothing, construction, mining and heavy industry, energy, chemical, oil and gas sectors. The Group’s customers also include companies in the medical technology, civil aviation, rail vehicles and semiconductor sectors.


DEAL STATS #
Overall 2 of 10
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 9
Country: Norway M&A 1 of 1
Year: 2012 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-01 Pyramid Filters Pvt.

Pune, India

Pyramid Filters Private Limited is based in Pune, India and develops and manufactures filtration solutions for cleanrooms. The company has a decades-long experience in the design and manufacturing of filters and equipment for cleanroom applications. Pyramid filters are successfully used by global pharmaceutical companies, cleanroom equipment and HVAC Original Equipment Manufacturers (OEM). Pyramid Filters employs about 60 people at its manufacturing site in Pune, Maharashtra.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-12 Aquabio

Worcester, United Kingdom

Aquabio Ltd. is a specialist in water and wastewater reuse for large-scale industrial applications. Company has 16 employees, and designs and supplies turnkey membrane filtration systems for water and wastewater recycling.

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 17 of 34
Sector: Energy Services and Equipment M&A 6 of 12
Type: Add-on Acquisition M&A Deals 6 of 17
Country: Norway M&A 13 of 25
Year: 2012 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-09 Tampnet

Stavanger, Norway

Tampnet is an authorized telecommunications operator in Australia. Tampnet is the only independent supplier of high capacity and low latency communication to offshore oil and gas installations in the North Sea. The company operates the world's largest offshore fiber infrastructure network and serves more than 100 oil and gas platforms, floating production storage and offloading units, and exploration rigs. Tampnet was founded in 2001 and is based in Stavanger, Norway.

Sell Nkr1.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 Verus Petroleum

Aberdeen, United Kingdom

Verus Petroleum is an independent oil and gas company. Verus Petroleum is based in Aberdeen, United Kingdom.

Buy -