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Announced

Completed

7-Industries and Exor completed the acquisition of a 95% stake in Welltec.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For95%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Friendly

Cross Border

Private

Acquisition

technology company

Private Equity

oil and gas

Denmark

Oil Equipment and Services

Majority

Synopsis

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7-Industries and Exor, investment companies, completed their acquisition of a 95% in Welltec, an international provider of robotic well solutions for the oil and gas industry. Financial terms were not disclosed. “We are global leaders in our service and products categories and are determined to strengthen our positions further. With this strong support from our dedicated owners, we can now accelerate our development within carbon capture & storage and geothermal as we continue to be a global leader in our niche segments within oil and gas. I believe this will create a solid platform for the future,” Peter Hansen, Welltec CEO.

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