M&A Deal Summary |
|
|---|---|
| Date | 2013-05-31 |
| Target | Safran |
| Sector | Software |
| Buyer(s) |
Progressus Management
EV Private Equity |
| Sellers(s) | Dovre Group |
| Deal Type | Divestiture |
SEARCH BY
| Category | Private Equity Firm |
|---|---|
| Founded | 2006 |
| PE ASSETS | 550M NOK |
| Size | Middle-Market |
| Type | Sector Agnostic |
Progressus Management AS is a Norwegian private equity firm focused on investments in proven businesses that are past the initial establishment phase. The Firm looks for platform businesses poised for significant growth. Progressues invests in public and private companies and looks to commit 20 to 120 million NOK per transaction. The Firm will consider investing in a wide range of sectors, including IT/technology, energy, and manufacturing sectors. Progressus is an 'hands on' investor and generally seeks controlling positions. Progressus Management AS was formed in 2006 and is based in Stavanger.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 4 |
| Sector: Software M&A | 2 of 2 |
| Type: Divestiture M&A Deals | 1 of 1 |
| Country: Norway M&A | 3 of 3 |
| Year: 2013 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2009-12-15 |
Teck-Skotselv AS
Skotselv, Norway Teck-Skotselv AS is a manufacturer of instruments for temperature and pressure measurements for offshore and process industries. Teck-Skotselv was established in 1995 and is based in Skotselv, Norway. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-07-21 |
Metron AS
Skotselv, Norway Headquartered in Skotselv, Metron is Norway’s largest manufacturer of instruments for temperature and pressure monitoring for offshore, marine and process industries. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2002 |
| PE ASSETS | 1.0B NOK |
| Size | Small |
| Type | Sector Focused |
Energy Ventures is an independent venture capital firm that manages/advises four venture funds. It actively seeks early- to mid-stage investments in technology companies that deliver a marketable, proprietary product or service in the upstream oil and gas sector. Energy Ventures focuses on investments based in the North Sea area or North America with an international orientation. Established in 2002, Energy Ventures is based in Stavanger, Norway with additional offices in Aberdeen, UK, and Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 36 of 48 |
| Sector: Software M&A | 3 of 4 |
| Type: Divestiture M&A Deals | 1 of 1 |
| Country: Norway M&A | 12 of 15 |
| Year: 2013 M&A | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-04-02 |
Abrado Wellbore Services
Houston, Texas, United States Abrado Wellbore Services specializes in creating the optimum wellbore environment through the implementation of innovative downhole cleanout tools, chemical stimulation treatments, and video-based diagnostic technology services. Abrado Wellbore Services is based in Houston, Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-03-25 |
Cubility
Sandnes, Norway Cubility provides a cost-efficient and novel solution that simplifies the fluid cleaning system by replacing multiple components with one enclosed integrated system. Cubility was founded in 2005 and is based in Sandnes, Norway. |
Sell | - |
| Category | Company |
|---|---|
| Founded | 1983 |
| Sector | Business Services |
| Employees | 301 |
| Revenue | 99M EUR (2024) |
Dovre Group provides project management services worldwide. The company’s Project Personnel business offers project personnel services in the oil and gas, mining, and energy industries. Dovre Group was founded in 1983 and is based in Espoo, Finland.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Software M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| Country: Norway M&A | 1 of 1 |
| Year: 2013 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-03-27 |
Tech4Hire AS
Lysaker, Norway Tech4Hire AS provides qualified engineering consultants primarily to the oil and gas industry. Tech4Hire AS was founded in 2000 and is based in Lysaker, Norway. |
Buy | Nkr20M |
