Nordic to Acquire RESMAN from Statoil, Verdane Capital
March 27, 2015
Nordic Capital has reached an agreement to acquire RESMAN, a provider of tracer and data analysis technology, from Statoil Technology Invest and Verdane Capital. Created in 2005, the company seeks to provide long-term, risk-free and cost-efficient alternatives to production logging and wired reservoir sensors. RESMAN employs approximately 65 people and generated revenues of €25 million in 2014. Nordic will acquire the company via its €3.5 billion Fund VIII.