M&A Deal Summary

Longship Acquires Move

On December 1, 2022, private equity firm Longship acquired information technology company Move

Acquisition Highlights
  • This is Longship’s 3rd transaction in the Information Technology sector.
  • This is Longship’s 8th transaction in Norway.

M&A Deal Summary

Date 2022-12-01
Target Move
Sector Information Technology
Buyer(s) Longship
Deal Type Buyout (LBO, MBO, MBI)

Target

Move

Oslo, Norway
Move is an IT-specialist helping businesses achieve digital control. The company offers top competency, services, and solutions to both public and private companies. Through design, integration and managed services, Move ensures cost-effective, secure, and flexible IT-infrastructure to its clients, based on the best solutions and services the market has to offer. Movewas founded in 1989 and is based in Oslo, 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 9 of 10
Sector: Information Technology M&A 3 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 5 of 6
Country: Norway M&A 8 of 9
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-01 Hydor

Oslo, Norway

Hydor is a marine-focused MGA offering fixed premium P&I insurance mainly targeting the smaller vessel segment including offshore supply, tugs, fishing, research vessels, bulkers, cargo, and tankers. The key segment is P&I for owners and charterers, but Hydor also offers specialist operations coverage and FD&D insurance. Hydor was founded in 2009 and is based in Oslo, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-30 Garda Sikring

Hagan, Germany

Garda Sikring delivers and installs permanent and temporary perimeter security solutions, in addition to road safety solutions. Garda Sikring was founded in 2016 and is based in Hagan, Germany.

Sell -