Advantec acquires Sentech
Norvestor's portfolio company Advantec has acquired the technology company Sentech. As a result, Sentech will change its name to Advantec Sensing.
The company has 5 employees and the main products are advanced metering systems which are used to imrove the separation process.
Advantec aims to create synergies with existing products and solutions and to strengthen its position towards its customers through the acquisition.
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| Fund | Norvestor V Argentum share 15.8% |
| Portfolio Company | Advantec |
| Date of Transaction | 2010-06-30 |
| Transaction | Add-on |
| Seller | |
| Buyer | |
| Size of Transaction | |
| Ind. Focus | Energy |
| Geography | Norway |
| Stage | Small/mid-cap buyout |