HitecVision has merged the former Technor companies Bennex AS, Poseidon Group AS and Altra Eneregy Ltd to form Subsea Technology Group AS (STG). The newly formed group has also acquired Ross Offshore AS and Ross Drilling AS. The combined group will have 465 employees, and revenues for 2008 are expected to exceed NOK 850m.
First MBO in Italy for the GP, which will now start investing from its recently raised Fund VIII
Add-on comes after Mergermarket reported that the sale of Bergman had been suspended in March 2020
Trade buyer Xact was acquired by JLL Partners from Clearview Capital in 2018 in an MBO
Existing investors Novo Holdings, Morningside Ventures and Brace Pharma Capital also participate