Gexcon is a global leader in process safety software, safety consulting and testing services, and specializes in analysis of dispersion, explosion and fire related risk and consequences. Based on experience developed in cooperation with the oil and gas industry, Gexcon has become the preferred supplier of safety studies also to the global hydrogen industry, as well as other industries requiring high-end safety solutions. In 2020, consolidated revenues were NOK 180 million and Gexcon employed a total of 147 employees. Gexcon is headquartered in Bergen, Norway, with 11 subsidiaries and branch offices across the globe.
NORCE Norwegian Research Centre AS has sold 100% of the shares in Gexcon AS to Longship Fund II. Alpha Corporate Finance has acted as financial advisor to Gexcon and NORCE in the transaction.
Please see also the deal announcement of Alpha Corporate Finance