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Exits

About 80 new technologies have been commercialised through spinn-offs or licensing in the last ten years. Here are a few examples of our exits.

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RESMAN

RESMAN is the world's leading provider of wireless reservoir surveillance. RESMAN has rapidly evolved its innovative Chemical PLT™ technology and patented data analysis methods to provide long term, risk-free and cost-efficient alternatives to production logging and wired reservoir sensors. The company has installed thousands of its Intelligent Tracer™ systems in hundreds of wells worldwide.

Exit: Sold to Nordic Capital 
Web: www.resman.no
Date: April 2015
Amount: More than NOK 1 billion
Co-Investors: Statoil, Verdane Capital (through SpinOut Venture)

Logo RESMAN

GAS SECURE

GasSecure's vision is to be the preferred global supplier of safe wireless gas detectors. Markets and sells the world's first truly wireless optical gas detector for low-power gas detection and safe wireless communication.

Exit: Sold to Dräger (Germany)
Website: www.gassecure.com
Date: March 2015
Amount: NOK 500 million
Ownership:
16 %
Co-Investors: Investinor, ProVenture, Viking Venture

Logo Gas Secure

eDrilling Solutions

eDrilling Solutions shall contribute to increased value creation, safety and profitability for its customers through delivery of Life Cycle Simulation solutions for planning, training, optimization and control of drilling operations (decision support and process control) as well as related support competence.

Exit: Sold to Teresoft AS
Web: www.edrillingsolutions.com
Date: March 2015
Ownership:
40 %
Co-Investors: HitecVision, RSR Holding, ISI Holding

Logo eDrilling Solutions

nacre

Nacre is the team behind the highly successful QUIETPRO® Intelligent Hearing System, providing high-level hearing protection, communications and hearing enhancement for mechanised infantry and dismounted soldiers. The QUIETPRO® is a radically different solution to standard tactical communication headsets. It utilises digital Active Noise Reduction (digital ANR) and advanced Digital Signal Processing (DSP) to ensure high-resolution situational awareness – which also enhances the soldier's hearing. It provides unrivalled protection against noises generated by vehicles, aircraft and modern infantry and support weapons.

Exit: Sold to Bacou-Dalloz (France). Now Honeywell (US)
Website: www.honeywell.com 
Date: June 2007
Amount: USD 120M
Co-Investors: Verdane Capital, Ferd Venture, Viking Venture

Nacre logo

Powel

With unique IT competence and comprehensive industry knowledge, Powel is a leading supplier of software solutions to the energy, public and contracting sectors. Powel aims to help the customers to make strategic and operational decisions based on access to timely and accurate information from integrated systems. In short, we help utilities work smarter, benefitting your business and the environment. Our systems and expertise help create real value for companies worldwide.

Exit: IPO Oslo Stock Exchange
Date: 2005
Amount: 360 MNOK Market Cap at IPO
Co-Investors: Viking, Arendal Fossekompani, Norsk Vekst

Powel logo

Other exits