Industrial Automation Company Investment Opportunity in Stavanger, Norway
Autonomous underwater inspection/surveying solution for all energy sectors and water supply industry, great scale potential.
This transaction has concluded.
| Established | 5-10 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Private Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Industrial Automation |
| Locations | Stavanger |
| Local Time | 9:14 PM Europe / Oslo |
| Listed By | Business Owner / Director |
| Status | Active |
Partial Stake Sale
USD
980 thousand
for
20.0%
stake
(Native Currency: NOK 10,000,000)
Reason: Towards scaling the business.
Includes physical assets worth
USD
83 thousand
Business Overview
- The company specializes in the autonomous inspection of water-filled tunnels.
- A versatile AUV for easy, fast and light mobilisation and execution. No required heavy machinery support (cranes, support vessels/ships, etc. ) interchangeable/buildable modules for various sensor usage and missions in ROV and/or AUV mode.
- Development of signal denied area navigation solution for flooded tunnel/pipes (80% completion) with a reputable European partner and mutual ownership rights of navigation software, and exclusive rights of use towards hydropower and water supply industry.
- Received Innovation Norway grant/funding.
FOU Research fund for for project in collaboration with NORCE Research.
- A versatile AUV for easy, fast and light mobilisation and execution. No required heavy machinery support (cranes, support vessels/ships, etc. ) interchangeable/buildable modules for various sensor usage and missions in ROV and/or AUV mode.
- Development of signal denied area navigation solution for flooded tunnel/pipes (80% completion) with a reputable European partner and mutual ownership rights of navigation software, and exclusive rights of use towards hydropower and water supply industry.
- Received Innovation Norway grant/funding.
FOU Research fund for for project in collaboration with NORCE Research.
Products & Services Overview
Man portable autonomous underwater vehicle for all sub sea/water inspection/surveying in all sectors/industries with main focus on energy. Transformable module based vehicle, enable versatile usage without heavy logistics support. Development of a solution for effective inspection/survey for flooded tunnels/pipes (signal denied areas). Post processed results delivered as 3D point cloud, digital twins.
Assets Overview
Technology connected to the systems that are developed.
Facilities Overview
Office space is provided by a minority owner.
Capitalization Overview
Presently funded by investment from an investment company (10%), and resources such as office space and administrative expertise through another investor company (10%).Other minority owners: Incubator firm (4%)
2 team members hold 4% each.
Majority owner and founder: 68%
Recent Activity
-
Earlier than 15 daysCEO, Engineering & Electrical Manufacturing, Mumbai, Corporate Investor / Buyer connected with the Business
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