M&A Deal Summary

SAE Acquires inApril

On September 12, 2024, SAE acquired distribution company inApril

Acquisition Highlights
  • This is SAE’s 1st transaction in the Distribution sector.
  • This is SAE’s 1st transaction in Norway.

M&A Deal Summary

Date 2024-09-12
Target inApril
Sector Distribution
Buyer(s) SAE
Deal Type Merger

Target

inApril

Lillestrøm, Norway
inApril is a seabed seismic equipment supplier, delivering ocean bottom nodes (OBN) and fully automated OBN back deck handling systems. The company's solutions offer a step change in the safe and efficient operation of seabed seismic surveys by providing cost-effective technology options needed for exploring and developing hydrocarbon reserves. inApril is based in Norway, with offices in Bergen, Trondheim, and Oslo.

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Buyer(S) 1

Buyer

SAE

Stafford, Texas, United States

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

SAE is an oilfield services company offering a full range of vertically integrated seismic data acquisition and support services worlwide. In addition to the acquisition of 2D, 3D, time-lapse 4D, and multi-component seismic data on land, in transition zones, and offshore in depths reaching 3,000 meters, the company provides logistical support services, such as program design, planning and permitting, camp services and infrastructure, surveying, drilling, environmental assessment and reclamation, and community relations. It operates crews around the world, performing major projects for its blue-chip customer base, including major IOCs, NOCs, and large independent oil and gas exploration companies. SAE is headquartered in Stafford, Texas.


DEAL STATS #
Overall 1 of 1
Sector (Distribution) 1 of 1
Type (Merger) 1 of 1
Country (Norway) 1 of 1
Year (2024) 1 of 1