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M&A Deal Summary

Hansen Acquires Enoro Holding A/S

On July 3, 2017, Hansen acquired software company Enoro Holding A/S from Herkules Capital

Acquisition Highlights
  • This is Hansen’s 8th transaction in the Software sector.
  • This is Hansen’s 1st transaction in Norway.

M&A Deal Summary
Date 2017-07-03
Target Enoro Holding A/S
Sector Software
Buyer(s) Hansen
Sellers(s) Herkules Capital
Deal Type Add-on Acquisition

Target

Enoro Holding A/S

Dale, Norway
Enoro Holding A/S is a provider of Customer Information Systems (CIS) and Meter Data Management (MDM) systems for the energy sector. Enoro occupies over 45% market share with more than 300 customers and over 250 employees. The company was founded in 1992 and has offices in Finland, Netherlands, Norway, Sweden and Switzerland.

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Buyer(S) 1

Buyer

Hansen

Melbourne, Australia
Category Company
Founded 1971
Sector Software
Employees1,607
Revenue 392M AUD (2025)
DESCRIPTION

Hansen is a provider of software solutions to more than 200 telco's, broadcasters and utilities in over 90 countries worldwide. Hansen was founded in 1971 and is based in Melbourne, Australia.

DEAL STATS #
Overall 9 of 11
Sector: Software M&A 8 of 9
Type: Add-on Acquisition M&A Deals 5 of 7
Country: Norway M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 DST Billing Solutions

Surbiton, United Kingdom

DST Billing Solutions Ltd. is a developer and distributor of customer care and billing software for the utilities sector.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-01 Sigma Systems Canada

Toronto, Ontario, Canada

Sigma Systems Canada LP is a provider in catalog-driven software solutions for communications, media, and high-tech companies. Sigma's portfolio spans enterprise-wide Catalog, Configure Price Quote (CPQ), Order Management, Provisioning, Insights and Portfolio Inventory products, and offers a core set of services including professional services, cloud services, and managed services. Sigma Systems Canada LP was founded in 1996 and is based in Toronto, Ontario.

Buy CA$157M

Seller(S) 1

SELLER

Herkules Capital

Oslo, Norway

Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 15.1B NOK
Size Large
Type Sector Agnostic
DESCRIPTION

Herkules Capital is a private equity firm focused on acquiring controlling interests in established companies located in Norway and other Nordic countries. Herkules looks to commit NOK 100 to NOK 1200 million of equity capital per transaction and will consider investing in public and private companies. Sectors of interest include oil services, healthcare, consumer, trade/retail, services and telecom. The Firm's investment horizon is typically five to seven years. Herkules was formerly known as Fer Private Equity. The Firm is based in Lysaker, Norway.

DEAL STATS #
Overall 18 of 34
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 8 of 14
Country: Norway M&A 15 of 28
Year: 2017 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-01 Bandak Group AS

Lunde, Norway

Bandak Group AS provides advanced mechanical-based products, services, and solutions from manufacturing facilities in Norway and Malaysia to clients within offshore oil & gas, marine, defense & space industries. Bandak Group was formed in1938 and is based in Lunde, Norway.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-06 Intelecom Group AS

Oslo, Norway

Intelecom is an enterprise communications solution provider that implements and operates advanced communication solutions. The company has a strong customer base comprising of large public agencies, blue chip corporate and large to mid sized companies.

Sell -
Mergr

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