Add-on Acquisition • Energy Services and Equipment

SeaBird Acquires SeaBed Geophysical AS

On June 30, 2006, SeaBird acquired energy services and equipment company SeaBed Geophysical AS from EV Private Equity

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

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M&A Deal Summary

Date June 30, 2006
Target SeaBed Geophysical AS
Sector Energy Services and Equipment
Buyer(s) SeaBird
Sellers(s) EV Private Equity
Deal Type Add-on Acquisition

Target Company

SeaBed Geophysical AS

Trondheim, Norway
SeaBed Geophysical AS is a service company that specializes in seabed seismic.
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Buyer Overview 1

Buyer

SeaBird

Nicosia, Cyprus

Category Company
Founded 1996
Sector Energy Services and Equipment
Employees76
Revenue 35M USD (2023)
DESCRIPTION

SeaBird is a provider of 2D and 3D seismic data and associated services . SeaBird was founded in 1996 and is based in Nicosia, Cyprus.


Deal Context for Buyer #
Overall 1 of 1
Sector: Energy Services and Equipment 1 of 1
Type: Add-on Acquisition 1 of 1
Country: Norway 1 of 1
Year: 2006 1 of 1

Seller Profile 1

SELLER

EV Private Equity

Stavanger, Norway

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 1.0B NOK
Size Small
Type Sector Focused
DESCRIPTION

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 Context for Seller #
Overall 2 of 33
Sector: Energy Services and Equipment 2 of 21
Type: Add-on Acquisition 1 of 24
Country: Norway 2 of 12
Year: 2006 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-28 Ziebel AS

Tananger, Norway

Ziebel AS is a new European-based well completions, monitoring, data harvesting and intervention company that shall operate globally.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-01 Sense Intellifield AS

Kongsberg, Norway

Sense Intellifield AS is an innovative supplier of e-field technologies. Sense's technology enables oil and gas companies to realize substantial cost savings and productivity improvements.

Sell -