M&A Deal Summary

Scana Acquires PSW

On December 15, 2021, Scana acquired energy services and equipment company PSW from Herkules Capital

Acquisition Highlights
  • This is Scana’s 1st transaction in the Energy Services and Equipment sector.
  • This is Scana’s 1st transaction in Norway.

M&A Deal Summary

Date 2021-12-15
Target PSW
Sector Energy Services and Equipment
Buyer(s) Scana
Sellers(s) Herkules Capital
Deal Type Merger

Target

PSW

Mongstad, Norway
PSW is a maintenance and service provider to the Norwegian subsea and drilling industry. The company offers both offshore and onshore services, and its services include maintenance and engineering services related to subsea, topside, and drilling equipment. PSW was formed in 2007 and is based in Mongstad, Norway.

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Buyer(S) 1

Buyer

Scana

Bergen, Norway

Category Company
Founded 1976
Sector Marine
Employees600
Revenue 1.9B NOK (2024)
DESCRIPTION

Scana is a company in ocean industries creating value through active ownership in market-leading portfolio companies. The company's vision is to accelerate decarbonisation of the maritime and offshore sector by being a driving force in electrification and emission reduction solutions. Its portfolio companies have a solid innovation and commercialisation history based on core competence in selected niches. Scana was founded in 1976 and is based in Bergen, Norway.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Merger M&A Deals 1 of 1
Country: Norway M&A 1 of 1
Year: 2021 M&A 1 of 1

Seller(S) 1

SELLER

Herkules Capital

Oslo, Norway

Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 15.1B NOK
Size Large
Type Sector Agnostic
DESCRIPTION

Herkules Capital is a private equity firm focused on acquiring controlling interests in established companies located in Norway and other Nordic countries. Herkules looks to commit NOK 100 to NOK 1200 million of equity capital per transaction and will consider investing in public and private companies. Sectors of interest include oil services, healthcare, consumer, trade/retail, services and telecom. The Firm's investment horizon is typically five to seven years. Herkules was formerly known as Fer Private Equity. The Firm is based in Lysaker, Norway.


DEAL STATS #
Overall 31 of 34
Sector: Energy Services and Equipment M&A 4 of 4
Type: Merger M&A Deals 1 of 1
Country: Norway M&A 26 of 28
Year: 2021 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-15 Scana

Bergen, Norway

Scana is a company in ocean industries creating value through active ownership in market-leading portfolio companies. The company's vision is to accelerate decarbonisation of the maritime and offshore sector by being a driving force in electrification and emission reduction solutions. Its portfolio companies have a solid innovation and commercialisation history based on core competence in selected niches. Scana was founded in 1976 and is based in Bergen, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-21 PTC

Stavanger, Norway

PTC is a developer and supplier of premium gas lift and wellhead products to enhance well integrity, safety, reliability, and productivity for oil companies. PTC was founded in 2002 and is based in Stavanger, Norway.

Sell -