Moreld sells stake in Capnor to Hawk Infinity Software
Stavanger, 29.10.2024 – Moreld Group AS (Moreld) today announced the sale of its 67 percent ownership interest in Apply Capnor AS (Capnor) to Hawk Infinity Software AS. The transaction is in line with Moreld’s strategy to optimise its portfolio and capital allocation. The transaction implies a total enterprise value of Capnor of NOK 300 million, yielding an EV/EBITDA multiple of 6.7x. Apply Capnor contributes to less than 5% of Moreld’s consolidated EBITDA.
"With Moreld as owner, Capnor’s management has successfully transformed the company into a global leader in 3D scanning and digital twin solutions and positioned the business for continued expansion. With Hawk as its new owner, Capnor is well-positioned to further scale its capabilities and enhance its industry prominence,” said Geir Austigard, CEO of Moreld Group AS.
The transaction, completed with no additional contingent considerations, supports Moreld's strategic focus on optimising its portfolio and capital allocation. Hawk will integrate Capnor’s solutions into its B2B cloud-based offerings, aiming to expand its position across the Nordic and international markets.
Through its Ayelix platform, Capnor offers clients an efficient and user-friendly tool for managing 3D scans and engineering data, enhancing project execution and operational efficiency. The technology offers significant opportunities for remote training and workforce development. The Ayelix platform is also available as a standalone software product, further strengthening Capnor’s market position.
Moreld Group was advised in this transaction by BTIG Norway AS and Schjødt.
Kontakter
Erlend NorheimGroup ControllerMoreld Group AS
Tel:46124626erlend.norheim@moreld.comBilder
Lenker
Følg pressemeldinger fra Moreld
Registrer deg med din e-postadresse under for å få de nyeste sakene fra Moreld på e-post fortløpende. Du kan melde deg av når som helst.
Siste pressemeldinger fra Moreld
Moreld Group to pursue a listing on Norway’s Euronext Growth exchange5.9.2024 07:00:00 CEST | Press release
STAVANGER – September 5, 2024 – Moreld AS (“Moreld” or the "Company") has decided to pursue a listing on Euronext Growth Oslo, a multilateral trading facility operated by Euronext Oslo Børs. The company is also considering an equity raise in conjunction with the listing. The intended use of proceeds will be to repay debt and for general corporate purposes.
Moreld Aquires Ocean Installer7.6.2024 09:30:23 CEST | Press release
Moreld has entered into an agreement with HitecVision to acquire Ocean Installer, a marine construction company that serves the offshore energy sector This acquisition creates a diverse offshore engineering and project execution group, capable of providing top-side, subsea, and marine engineering, as well as maintenance and construction services. Concurrently, Moreld has raised US$225 million through the issuance of senior secured notes. This funding will finance the acquisition, refinance existing debt, and enhance liquidity. The combined business is well-positioned to benefit from increased activity on the Norwegian Continental Shelf and internationally, with over US$600 million in pro-forma revenue for 2023 and a contracted backlog exceeding US$1 billion.
Moreld doblet EBITDA og halverte klimagassutslippene11.5.2023 13:50:00 CEST | Pressemelding
2022, et godt år for Moreld
Moreld signs deal to collaborate with Scottish hydrogen innovator18.10.2022 16:45:33 CEST | Press release
Stavanger, October 18th. 2022 - Moreld has signed a Memorandum of Understanding (MoU)to develop hydrogen power projects with UK based Logan Energy.
Kristin Færøvik blir ny styreleder i industrikonsernet Moreld14.10.2022 11:00:25 CEST | Pressemelding
Kristin Færøvik går inn som ny styreleder i det Hitec-eide industrikonsernet Moreld. Hun erstatter tidligere konsernsjef i AF-gruppen, Morten Grongstad, som har vært medlem i Morelds styre fra oppstarten.