We acquired SCAN Geophysical in 2005, impressed by a favourable industry outlook and seeing a growing demand for SCAN’s services. We helped SCAN Geophysical launch an expansion programme targeting acquisitive growth. As a result, it transformed into an international seismic data acquisition business, focused on the high-end 2D and small-to-medium 3D segment. What’s more, its market capitalisation grew from NOK 150 million to NOK 2.5 billion at the time of its May 2007 listing on the Oslo Axess Exchange.
- Investment date: October 2005
- Exit date: July 2009
- Industry: Energy & Marine
- Fund: Fund IV