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  6. Peloton Acquires Cevian Technologies

M&A Deal Summary

Peloton Acquires Cevian Technologies

On February 23, 2021, Peloton acquired software company Cevian Technologies

Acquisition Highlights
  • This is Peloton’s 2nd transaction in the Software sector.
  • This is Peloton’s 1st transaction in Canada.
  • This is Peloton’s 1st transaction in Alberta.

M&A Deal Summary
Date 2021-02-23
Target Cevian Technologies
Sector Software
Buyer(s) Peloton
Deal Type Add-on Acquisition

Target

Cevian Technologies

Calgary, Alberta, Canada
Cevian Technologies is a software company with extensive experience developing real-time data acquisition, visualization, and reporting tools for the completions industry. Cevian's flagship product, FracNet, powers analytics with clean, standardized frac data during and after the job and has been used for real-time operational decisions in over 10,300 completions to date. Cevian Technologies was formed in 2019 and is based in Calgary, Alberta.

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Buyer(S) 1

Buyer

Peloton

Calgary, Alberta, Canada
Category Company
Founded 1991
Sector Software
DESCRIPTION

Peloton is a provider of well data software solutions to the oil and gas industry. Peloton’s software helps oil and gas companies focus their operations and improve their strategic decision-making through better data management during the entire lifecycle of a well, including drilling, well operations, and production. Peloton was founded in 1991 and is based in Calgary, Alberta.

DEAL STATS #
Overall 2 of 2
Sector: Software M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Alberta M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-05 ExproSoft AS

Trondheim, Norway

ExproSoft AS is a provider of well integrity and reliability software to the oil and gas industry. ExproSoft AS was established in 2000 and is headquartered in Trondheim, Norway.

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