Deal

Aibel sells Business Unit Technology & Products

Hamworthy PLC has signed an agreement to acquire Business Unit Technology & Products from Aibel.

The cash consideration for the acquisition will be NOK 37 million payable upon completion with an additional amount of up to NOK 28 million payable upon achievement of certain performance criteria over the next two years.

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FundHerkules Private Equity II LP Argentum share 2.59%
Portfolio CompanyAibel
Date of Transaction2009-07-08
TransactionSpin-out
Seller
Buyer
Size of TransactionNOK 37.0m
Ind. FocusEnergy
GeographyNorway
StageSmall/mid-cap buyout
 

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(2011-07-13)