M&A Deal Summary

Schlumberger Acquires SPT Group

On April 26, 2012, Schlumberger acquired software company SPT Group from Altor Equity Partners

Acquisition Highlights
  • This is Schlumberger’s 11th transaction in the Software sector.
  • This is Schlumberger’s 3rd transaction in Norway.
Investment Fate
  • SPT Group was divested to a consortium of buyers in 2021.

M&A Deal Summary

Date 2012-04-26
Target SPT Group
Sector Software
Buyer(s) Schlumberger
Sellers(s) Altor Equity Partners
Deal Type Add-on Acquisition

Target

SPT Group

Kjeller, Norway
SPT Group provides a combination of software and consulting services to the international petroleum industry. The company's two main business activities are software development/sale and consulting work in multiphase flow and reservoir simulation. SPT Group was founded in 1989 and is based in Kjeller, Norway.

Search 215,130 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Schlumberger

Houston, Texas, United States

Category Company
Founded 1926
Sector Energy Services and Equipment
Employees111,000
Revenue 36.3B USD (2024)
DESCRIPTION
Schlumberger office in Houston, Texas.
Schlumberger office in Houston, Texas.

Schlumberger is an oilfield services company. Schlumberger offers technology, integrated project management and information solutions to customers working in the oil and gas industry. Schlumberger was formed in 1926 and is based in Houston, Texas.


DEAL STATS #
Overall 29 of 48
Sector: Software M&A 11 of 13
Type: Add-on Acquisition M&A Deals 24 of 38
Country: Norway M&A 3 of 5
Year: 2012 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-25 Geophysical Exploration & Development

Calgary, Alberta, Canada

Geophysical Exploration & Development Corp. (GEDCO) is a provider of integrated geophysical survey design software and services. GEDCO has developed OMNI 3D*, the industry’s standard for seismic survey design and modeling, and VISTA*, a flexible 2D/3D seismic data processing package. The group also offers consulting services for 2D and 3D seismic and vertical seismic profile (VSP) solutions from design through interpretation

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-31 Wilson International

Houston, Texas, United States

Wilson International, Inc. is a distributor of pipe, valves and fittings as well as mill, tool and safety products and services.

Sell $800M

Seller(S) 1

SELLER

Altor Equity Partners

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 8.3B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Altor Equity Partners is a private equity firm that looks to principally invest in medium-sized Nordic based companies across a broad range of industries. Altor typically seeks control positions when investing. Prospective companies generally have revenues of €50 to €500 million. Broad areas of interest include healthcare services, electronics, technology, financial services, business services, niche manufacturing, capital equipment, software, marine, consumer products, and communications. Altor Equity Partners was formed in 2003 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 9 of 55
Sector: Software M&A 1 of 2
Type: Add-on Acquisition M&A Deals 7 of 26
Country: Norway M&A 2 of 17
Year: 2012 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-26 Haarslev

Harslev, Denmark

Haarslev is a cleantech business dedicated to manufacturing of processing equipment for organic by-products from e.g. slaughterhouses and water purification plants. The products are applied in various industries, including in the meat and bone meal and fishmeal industries and in the environmental and bio-energy sectors. Haarslev was founded in 1973 and is based in Harslev, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-13 Helly Hansen

Oslo, Norway

Helly Hansen develops professional-grade apparel that helps people stay and feel alive. Within its core categories of sailing, skiing, mountain, urban, rainwear, and workwear, Helly Hansen designs and delivers products used by professionals and outdoor enthusiasts around the world. Helly Hansen was formed in 1877 and is headquartered in Oslo, Norway.

Sell -