M&A Deal Summary

Longship Acquires Gexcon

On February 22, 2021, private equity firm Longship acquired information technology company Gexcon

Acquisition Highlights
  • This is Longship’s 2nd transaction in the Information Technology sector.
  • This is Longship’s 4th transaction in Norway.

M&A Deal Summary

Date 2021-02-22
Target Gexcon
Sector Information Technology
Buyer(s) Longship
Deal Type Buyout (LBO, MBO, MBI)

Target

Gexcon

Bergen, Norway
Gexcon is a in process safety software, safety consulting and testing services, and specializes in analysis of dispersion, explosion and fire related risk and consequences. Gexcon was founded in 1998 and is based in Bergen, Norway.

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Buyer(S) 1

Buyer
DESCRIPTION

Longship AS is a private equity firm focused on acquiring and investing in mid-sized companies which are established or have operations in Norway, with strong potential for growth both locally and/or internationally. The Firm targets companies with NOK 150 million to NOK 1 billion in revenue and does not have any sector preferences. Longship AS is headquartered in Oslo.


DEAL STATS #
Overall 5 of 10
Sector: Information Technology M&A 2 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 6
Country: Norway M&A 4 of 9
Year: 2021 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-20 HR Prosjekt

Oslo, Norway

HR Prosjekt is a project management company operating in the building, property, and infrastructure sectors. HR Prosjekt is based in Oslo, Norway.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-21 Seam

Avaldsnes, Norway

Seam is a supplier of hybrid and fully electric solutions to ships and the maritime business. Seam was founded in 1988 and is based in Avaldsnes, Norway.

Buy -