Add-on Acquisition • Energy Services and Equipment

Techouse Group Acquires Cubility

On July 7, 2023, Techouse Group acquired energy services and equipment company Cubility from Triton Partners

Acquisition Context
  • This is Techouse Group’s 2nd transaction in the Energy Services and Equipment sector.
  • This is Techouse Group’s 2nd transaction in Norway.

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M&A Deal Summary

Date July 7, 2023
Target Cubility
Sector Energy Services and Equipment
Buyer(s) Techouse Group
Sellers(s) Triton Partners
Deal Type Add-on Acquisition

Target Company

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.
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Buyer Overview 1

Buyer

Techouse Group

Norway

Category Company
Sector Energy Services and Equipment
Employees300
DESCRIPTION

Techouse Group specialises in delivering advanced water treatment, energy recovery, solids handling and pump technologies with engineered solutions designed to enhance energy efficiency, reduce operational costs, and minimise environmental impact.


Deal Context for Buyer #
Overall 2 of 2
Sector: Energy Services and Equipment 2 of 2
Type: Add-on Acquisition 2 of 2
Country: Norway 2 of 2
Year: 2023 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-07 Techouse

Sandnes, Norway

Techouse is an offshore oil & gas industry. Techouse design, engineer and manufacture complete customized process packages, insuring optimized design in terms of weight, footprint and energy savings with a priority focus on HSE. Techouse was founded in 2002 and is based in Sandnes, Norway.

Buy -

Seller Profile 1

SELLER

Triton Partners

Frankfurt, Germany

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 21.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Triton Partners is an investment firm focused on investing in medium-size companies headquartered in Western and Northern Europe. This includes businesses in Germany, Switzerland, Austria, Denmark, Finland, Norway, and Sweden. Triton generally pursues market leading companies with the potential for change, as well as growth opportunities through operational improvements. Sectors of interest include business services, consumer products, consumer services, healthcare, and industrials. Triton Partners was formed in 1997 and is based in Frankfurt, Germany.


Deal Context for Seller #
Overall 49 of 57
Sector: Energy Services and Equipment 3 of 3
Type: Add-on Acquisition 30 of 32
Country: Norway 2 of 3
Year: 2023 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-07 Techouse Group

Norway

Techouse Group specialises in delivering advanced water treatment, energy recovery, solids handling and pump technologies with engineered solutions designed to enhance energy efficiency, reduce operational costs, and minimise environmental impact.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-16 Wavelynx

Broomfield, Colorado, United States

Wavelynx is an open and secure access control platform that allows businesses to modernize their authentication technology at the pace and path that is right for their business. Wavelynx operates in the fast-growing access control market, designing, developing and assembling mission-critical open hardware and software, including readers, controllers, and mobile credentials. The Company is a first-mover and pioneer in leading the physical security industry towards the adoption of mobile-first access control. Wavelynx was founded in 2013 and is based in Broomfield, Colorado.

Buy -