Cadre AS Acquires Bekk og Strøm AS

Sval Energi Acquires Spirit Energy Norway

May 31, 2022

Oil & Gas

Sval Energi AS has completed the acquisition of Spirit Energy Norway for USD 1,026 million, with the transaction closing on May 31 and a commercial effective date of January 1, 2021. The deal transfers 45 licences (6 operated), including seven producing fields (two operated), and expands Sval Energi's producing asset base and development/exploration opportunities on the Norwegian Continental Shelf.

Babcock & Wilcox Acquires VODA A/S

November 30, 2021

Energy

Babcock & Wilcox Enterprises, Inc. completed the acquisition of VODA A/S, a multi-brand aftermarket parts and service provider for energy plants in Scandinavia. The business will be integrated into B&W's B&W Renewable segment to expand the company's renewable parts and service capabilities and create a platform for growth across Europe.

Sval Energi Acquires Suncor Energy Norge AS and Purchases Equinor Interests on Norwegian Continental Shelf

September 30, 2022

Energy

Privately owned Sval Energi has completed acquisitions that strengthen its portfolio on the Norwegian Continental Shelf, including the purchase of Suncor Energy Norge AS and stakes acquired from Equinor in the Martin Linge Unit and Greater Ekofisk Area. The transactions add roughly 34,000 boe/d of production overall and transfer about 16 Suncor Norway employees to Sval while increasing Sval's reserves and operated positions in multiple fields.

Sval Energi Acquires Edison Norge

December 30, 2020

Energy

Sval Energi AS has agreed to acquire Edison Norge AS from Edison for an agreed price of USD 300 million (financially effective 1 January 2020). The acquisition adds ~25 mmboe (57% gas) to Sval’s reserve base and increases its interests in the Dvalin and Nova developments, strengthening its upstream position on the Norwegian Continental Shelf.

Ash & Co Acquires Birkel Electric

December 4, 2024

Electrical Services

Ash & Co acquired Birkel Electric, a Chesterfield, Missouri-based electrical contracting firm founded in 1967. The transaction was supported by capital provider Tamarix Capital Partners and advised by Madison Street Capital; financial terms were not disclosed.

Vår Energi Acquires Neptune Energy Norge AS

January 31, 2024

Oil & Gas

Vår Energi ASA completed the acquisition of 100% of the shares in Neptune Energy Norge AS, strengthening its position on the Norwegian Continental Shelf and adding ~67 kboepd of production and ~265 mmboe of 2P reserves. The transaction was agreed at an enterprise value of USD 2.275 billion and closed on 31 January 2024 (effective date 1 January 2023); net cash consideration paid on completion (less cash in Neptune Norway) was approximately USD 1.2 billion. The deal increases Vår Energi's scale, operatorships and gas/LNG exposure and is inter-conditional with a separate transaction in which Eni acquires the remainder of Neptune's global assets.