Mergers and Acquisitions News in Norway

INPEX to Implement Joint Business with Idemitsu Kosan in Norway
10/27/2021 - INPEX CORPORATION has reached an agreement with Idemitsu Kosan Co., Ltd. (Idemitsu) and Osaka Gas Summit Resources Co., Ltd. (OSR), a joint venture between Osaka Gas Co., Ltd. and Sumitomo Corporation...
Proposed Re-domicile to Norway – Scheme Meeting Date
10/22/2021 - PetroNor E&P Limited is pleased to provide the following update on the status of its proposed re-domiciliation from Australia to Norway via a Scheme of Arrangement (“Scheme”), under which PetroNor E&P...
Hexagon Aacquires Wystrach to Accelerate the Hydrogen Transition
9/30/2021 - Hexagon Purus ASA, a global leader in zero emission mobility solutions, has entered into an agreement to acquire 100% of Wystrach GmbH (“Wystrach”), a leading European systems and solutions provider f...
Aker Solutions and AF Gruppen Get Green Light for Decommissioning JV
9/20/2021 - Reference is made to the stock exchange announcement on July 1, 2021, regarding the letter of intent to merge the two companies’ existing offshore decommissioning operations.

The Norwegian ...
Recommended Voluntary Cash Offer by Octopus to Acquire All shares of Ocean Yield
9/13/2021 - Octopus Bidco AS (currently under name change from WR Start Up 418 AS) ("Octopus Bidco" or the "Offeror"), a company indirectly wholly owned by funds advised by Kohlberg Kravis Roberts & Co. L.P. and ...
GOGL – Exit from CCL Pool Joint Venture
8/10/2021 - Golden Ocean Group Limited has terminated its relationship with Capesize Chartering Ltd. (“CCL”), a joint venture to coordinate the Capesize spot chartering services of Golden Ocean, Starbulk, CTM and...
GC Rieber Shipping Sells Shares in Shearwater Geoservices
7/8/2021 - Geoservices Holding AS (Shearwater) reducing its ownership from 17.0% to 8.5%. Gross proceeds from the sale will be USD 50.5 million. The sold shares had book value of USD 41.6 million per 31 March ...
Fugro Completes Divestment of Seabed Geosolutions
6/28/2021 - Fugro has completed the previously announced divestment of certain assets and the related business of its non-core subsidiary Seabed Geosolutions to PXGEO Seismic Services Limited (PXGEO), for USD 16 ...
Aker ASA Signs Agreement to Acquire Prototech AS
6/10/2021 - Aker ASA announced that Aker Capital (collectively referred to as "Aker") has acquired the Norwegian technology and research and development (R&D) company Prototech AS ("Prototech"). The acquisition p...
Volvo Penta Acquires Majority Stake in ZEM AS
6/2/2021 - Volvo Penta has announced an exciting new acquisition of ZEM – a company with 12 years of market experience as a supplier of both marine battery systems and complete electric drivelines and a strong t...
Acquisition of DeepWell Approved by the Norwegian Competition Authority
5/31/2021 - Reference is made to the press release on May 10, 2021, wherein Archer announced the plan to acquire DeepWell for NOK 177 million. The completion of the acquisition was conditional on obtaining neces...
TGS Acquires 4C Offshore Ltd
5/12/2021 - TGS-NOPEC Geophysical Company ASA ("TGS"), a global provider of energy data and intelligence, announced today that it has acquired 4C Offshore Ltd. ("4C Offshore"), a leading market intelligence and c...
Archer Acquires DeepWell for NOK 177M
5/10/2021 - Reference is made to the release regarding the signing of the offer letter to acquire DeepWell (the "Transaction") as announced on April 16, 2021. ...
Alfa Laval to Acquire the Digital Service Company StormGeo
5/10/2021 - Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has signed an agreement to acquire StormGeo – a global leader in weather intelligence and advanced data scienc...
Vitol Acquires Stake in Green Hydrogen Company Gen2 Energy
4/26/2021 - Vitol has acquired a 10% equity interest in Gen2 Energy, a Norwegian producer of green hydrogen, for an undisclosed sum.

Gen2 Energy aims to use Norway’s surplus hydroelectric power to prod...
Molgas Expands Its Small-Scale Energy Infrastructure Platform in Nordics
4/9/2021 - Molgas expands its small-scale energy infrastructure platform in the Nordics with the acquisition of Gasnor to Shell InfraVia announces the acquisition from A/S Norske Shell by Molgas Energy Holding (...
Oceanteam Announces Sale of Vessel & Combination with PASSER Group
3/29/2021 - Oceanteam Bourbon 4 AS, a joint venture owned 50/50 by Oceanteam ASA ("OTS") and Bourbon Offshore Norway AS, has entered into a Memorandum of Agreement (Norwegian Sales Form) regarding the sale of the...
Sval Energi Closes Acquisition of Edison Norge
3/25/2021 - Sval Energi is pleased to announce the completion of its USD 300 million acquisition of Edison Norge. This expands the portfolio and workforce of Sval and is another successful step in the company’s g...
BW Offshore Completes BW Ideol Transactions
3/15/2021 - Reference is made to stock exchange announcement made by BW Offshore Limited on 17 February 2021 regarding the investment in Ideol S.A. creating BW Ideol AS (the "Transaction").

After obta...
Wilhelmsen Takes a Bigger Stake in Edda Wind
3/14/2021 - Wilhelmsen’s ambition is to be a player in renewable energy and decarbonisation. Building on this ambition, Wilhelmsen acquired 25% of Østensjø Group's expanding offshore wind company Edda Wind in Sep...

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