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Kongsberg Digital has acquired the industrial software company Visavi
- Visavi is a Norwegian industrial SaaS company that provides software and services related to optimizing workflows, logistics, planning and execution of maintenance and turnarounds in heavy asset industries
- The acquisition supports Kongsberg Digital’s leading position as a provider of industrial software for heavy asset industries
- IEG – Investment Banking Group exclusively advised Visavi and its shareholders on this transaction
Kongsberg Digital has acquired the industrial software company Visavi. The acquisition supports Kongsberg Digital’s leading position as a provider of industrial software for heavy asset industries. Visavi comes with deep domain knowledge, a strong position as an industrial software company as well as adding an attractive use case for customers of Kongsberg Digital.
Are Follesdal Tjønn, CEO of Visavi, “Kongsberg Digital and Visavi is a great match. As both companies are working towards the optimization of operations and maintenance within heavy asset industries, I am sure that our customers and partners will benefit from the acquisition. Together, we will continue shaping the future of work for a better tomorrow, and help businesses and people use the information made available by technology in the best possible way. This is really the essence of Industry 5.0.”
Visavi has 21 employees, mainly software developers and customer success consultants in addition to management. Visavi brings a highly skilled product team, experienced in building innovative industrial software solutions, and will contribute strongly to create customer value with Kongsberg Digital
Shane McArdle, President at Kongsberg Digital, “We are happy to welcome the employees of Visavi to Kongsberg Digital. Visavi delivers software complimentary to our digital twin, focusing on integration and visualization of data supporting daily planning and execution of work in heavy asset industries. Visavi’s ability to integrate and consolidate planning from various sources into one planning workspace fits well into Kongsberg Digital’s industrial work surface. We are looking forward to welcoming our new colleagues to our team.”
IEG - Investment Banking Group acted as the exclusive financial advisor to Visavi and its shareholders.
About IEG - Investment Banking Group
IEG – Investment Banking Group is a leading, global technology investment banking boutiques focused on Mergers & Acquisitions, Financings and Principal Investments. Locally present in the key international growth regions and emerging markets, IEG – Investment Banking Group is a unique, influential, and entrepreneurial partner for growth companies and larger international corporates. Founded in 1999, IEG has completed some 200 successful transactions to date with approximately 50 technology investment bankers around the globe. For further information about IEG – Investment Banking Group, please refer to www.ieg-banking.com.
About Visavi
Visavi’s headquarter is located in Oslo, Norway, with the technology center in Sarpsborg, Norway. With roots from the NTNU Research Centre of Integrated Operations and the Institute for Energy Technology, Visavi is an outcome of world-leading research on visualization, collaboration, and new work processes at the IO center. Established in November 2014, the company was founded by experts in advanced visualization and collaboration design for complex organizations from world-leading research communities.
About Kongsberg Digital
Kongsberg Digital has a leading position as a provider of industrial software for heavy asset industries.