Need help?

Industrial Automation Company Investment Opportunity in Stavanger, Norway

Autonomous underwater inspection/surveying solution for all energy sectors and water supply industry, great scale potential.

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 12:29 PM Europe / Oslo
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Partial Stake Sale
USD 900 thousand for 20.0% stake (Native Currency: NOK 10,000,000)
Reason: Towards scaling the business.
Includes physical assets worth USD 76 thousand
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
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.
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%
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business
5 Investors viewed this Business this week. Register below to connect now!
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
You might also be interested in these businesses
    Frequently
    Asked
    Questions
    • Why can’t I see the business’ name or contact number? How do I contact the business?
    • What level of due diligence does SMERGERS conduct on the businesses/member?
    • How active are the business profiles listed on SMERGERS?
    • How does SMERGERS rate business profiles?
    • Do I need to pay to connect with a business?
    • Show more