Enterprise: Industry 5.0

Visavi Technology AS, a Norwegian industrial SaaS company that optimizes maintenance workflows, logistics, planning, and execution in heavy asset industries, has been acquired by the Norwegian industrial software business Kongsberg Digital.

The Background
Visavi solves the problem of no live, actionable, interdisciplinary, and automatically optimized asset plans that enable efficient work practices for maintenance and non-regular operational activities in heavy asset industries.

Kongsberg Digital is leading a provider of next-generation software and digital solutions to customers within maritime, oil and gas, renewables, and utilities. The company comprises more than 1.000 software experts with leading competence within the internet of things, smart data, artificial intelligence, maritime simulation, automation, and autonomous operations.

The Deal
Kongsberg Digital has acquired 100% of the shares in Visavi. Visavi has 21 employees, mainly software developers, customer success consultants, and 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.

IEG - Investment Banking Group acted as the exclusive financial advisor to Visavi and its shareholders.

Are Follesdal Tjønn, CEO of Visavi, “Kongsberg Digital and Visavi are 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 the essence of Industry 5.0.”

The Perspective
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.

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.”