5 Acquisitions of Companies in Norway

January 15, 2023
Acquisitions Hub

M&A activity has seen a steady increase across the globe over the past decade, especially in Norway. Startups and technology companies have become very popular with private equity firms, strategic buyers and even family offices.

In this blog post, we are taking a closer look at 5 acquisitions that took place in Norway .

BIIM Ultrasound acquired by Observe Medical

Details about the transaction:

Acquisition amount:

$21,138,629

Announcement:

14 January 2022

Details about the company:

A producer of compact, cordless, portable, and reasonably priced ultrasound diagnostics equipment is Biim Ultrasound.

Headquarter:

Narvik, Nordland, Norway

Where to find them:

Industry:

Manufacturing, Medical Device, Wireless

Details about the buyer:

The company Observe Medical Nordic AB creates digital renal monitoring devices.

Headquarter:

Gothenburg, Vastra Gotaland, Sweden

Where to find them:

F5 IT acquired by Huddlestock

Details about the transaction:

Acquisition amount:

$3,641,858

Announcement:

31 March 2022

Details about the company:

Business consultancy, project management, user-friendly software, and web app development services are the main areas of concentration for the software firm F5.

Headquarter:

Stavanger, Rogaland, Norway

Where to find them:

Industry:

Information Technology, Software, Web Apps

Details about the buyer:

Financial technology, SaaS, mobile apps, asset management, trading, and investing

Headquarter:

London, England, United Kingdom

Where to find them:

House of Control acquired by Visma

Details about the transaction:

Acquisition amount:

$64,200,000

Announcement:

26 September 2022

Details about the company:

Software as a service (SaaS) solutions for contract administration and IFRS 16 compliance are created by the tech firm House of Control.

Headquarter:

Høvik, Akershus, Norway

Where to find them:

Industry:

Accounting, Asset Management, Contact Management, SaaS

Details about the buyer:

Visma offers services and company software for administration and accountancy.

Headquarter:

Oslo, Oslo, Norway

Where to find them:

Skogheim Profil & Yrkesklær acquired by Ahlsell

Details about the transaction:

Acquisition amount:

$3,253,930

Announcement:

3 March 2022

Details about the company:

Skogheim Profil & Yrkesklær is a well-known operator in Østfold with a wide range of high-quality work wear.

Headquarter:

Fredrikstad, Ostfold, Norway

Where to find them:

Industry:

Professional Services

Details about the buyer:

Ahlsell is a distributor of installation materials, tools, and goods for installers, building managers, and business.

Headquarter:

Stockholm, Stockholms Lan, Sweden

Where to find them:

Xplora Mobile AS acquired by Xplora

Details about the transaction:

Acquisition amount:

$26,291,102

Announcement:

25 March 2021

Details about the company:

Children and teenagers are given a secure start to the internet world thanks to Xplora Mobile AS.

Headquarter:

Oslo, Oslo, Norway

Where to find them:

Industry:

Mobile, Telecommunications

Details about the buyer:

An online store called Xplora offers GPS smartwatches, accessories, and internet of things products for children and families.

Headquarter:

Oslo, Oslo, Norway

Where to find them: