Cegal announces acquisition of Envision AS

Cegal Group AS has signed an agreement to acquire all the shares in Envision AS.

Cegal Group AS ("Cegal") has signed an agreement to acquire all the shares in Envision AS ("Envision"). Cegal is fully owned by Chip Bidco AS again majority owned by Norvestor SPV I Holding AS. Envision delivers consultancy services, training, data and information management and software solutions to the energy industry.

This acquisition will further strengthen Cegal`s unique market position by bringing additional domain knowledge, competence and know-how to meet the requests and needs of our customers.

"The growth in data is enormous and with domain skills we see a lot of opportunities in helping our customer extract greater value from data. Joining forces with Cegal gives us an opportunity to continue and broaden our business with a larger footprint. Our skills, culture and services are a perfect match for our joint journey", says CEO in Envision, Åge Løklingholm.

The two companies have complementary product offerings towards the same primary markets, and this will underpin Cegal´s strong position on the Norwegian Continental Shelf, which is an important contribution to fuelling our international growth.

"We will continue to build concepts and solutions around software, digitalization, consulting and managed services, all by utilizing the skill set and deliveries that has brought our two companies to where we are today. The only change is that as of today we will do it together, and I am very happy to have the Envision team onboard!", CEO in Cegal, Svein Torgersen explains.

About Envision

Envision delivers consultancy services, training, data and information management and software solutions to the exploration and production community. At your service is a team of highly qualified technical specialists offering skills within geology, geophysics, reservoir engineering, programming and application support.