Scan Geophysical ASA logo

Scan Geophysical ASA

Investment date: October 2005

Industry: Energy & Marine

Fund: Fund IV

Exit Date: Juni 2009

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Scan Geophysical ASA logo

As a Norvestor portfolio company, SCAN Geophysical launched an expansion program targeting acquisitive growth, transforming into an international seismic data acquisition company focused on the high-end 2D and small-to-medium 3D segment. Norvestor acquired the company in 2005, with favourable industry outlook and growing demand for SCAN’s services. Under Norvestor’s ownership, the company grew from a market cap of NOK 150 million to an NOK 2.5 billion at the time of its May 2007 listing on the Oslo Axess Exchange.