Addtech AB, the Stockholm-listed technical solutions group, has acquired the decommissioning technology company Control Cutter AS. Alpha Corporate Finance has acted as financial advisor to Control Cutter and its shareholders in the transaction.
Control Cutter is an international decommissioning company headquartered in Norway. The company provides leading technical solutions to the global oil and gas decommissioning market. Their unique patented solutions are a game changer in the industry, providing substantial benefits for their clients through efficient, safe, and sustainable decommissioning operations.
“The acquisition enables a new chapter for Control Cutter, bringing in industrial experience and financial strength, enabling us to expand our reach within the market and enhance our offerings to clients”, says Petter Birkeland, founder of Control Cutter. Addtech has annual sales of approx. SEK 19.4 billion with a market capitalisation of approx. SEK 42 billion. Addtech comprises 150 independent companies selling high-tech solutions and products, primarily in the manufacturing and infrastructure sectors.
Link to Addtech press release.
Alpha Corporate Finance
Advised in the sale of
Control Cutter
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