Technor and Itealsmea join forces
The Norwegian based technology company Technor, with core competence within the fields of electro-mechanics, instrumentation and electronics, has acquired a 70% stake in Italsmea, an Italian company that has specialized in explosion proof electrical components.
Following the acquisition Technor will be able to offer a complete product range of explosion proof products, and strengthen its position within the global petroleum market.
Italsmea will proceed under its current management, but Technor has an option to acquire the remaining 30 % within the following 3 years.
Technor is part of HitecVision Private Equity's Fund IV portfolio.
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| Fund | HitecVision Private Equity IV LP Argentum share 21.83% |
| Portfolio Company | Technor |
| Date of Transaction | 2007-03-01 |
| Transaction | Add-on |
| Seller | |
| Buyer | |
| Size of Transaction | |
| Ind. Focus | Energy |
| Geography | Norway |
| Stage | Small/mid-cap buyout |