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10/2024

NEVIS TECHNOLOGY acquired by VAISALA

UNITED KINGDOM Software / Industry-Specific Software EV 0M - 15M GBP

Context

In October 2024, Vaisala announced the acquisition of Nevis Technology to bolster its offerings in the offshore wind market and accelerate its growth in sectors related to the energy transition. This strategic move enables the Finnish group to enhance its portfolio of solutions by combining its measurement and meteorological intelligence technologies with Nevis Technology's software and monitoring systems. The acquisition is in line with Vaisala's goal of providing a more comprehensive suite of solutions that cater to the operational needs of offshore infrastructure operators. By integrating Nevis Technology's software platforms, Vaisala can now pair its sensors, measurement systems, and weather forecasting capabilities with tools dedicated to managing maritime and aerial operations at sea. This synergy is particularly relevant for offshore wind farms, where crew transfer safety, maintenance planning, and facility availability are heavily dependent on weather conditions. Beyond the technological enhancements, the acquisition brings Vaisala a team with recognized expertise in offshore environments, as well as increased access to a specialized client base in the marine energy infrastructure sector. This expanded expertise and network will enable Vaisala to better serve the needs of its customers and further establish itself as a leading provider of solutions for the offshore wind industry.

NEVIS TECHNOLOGY, which reported an EBITDA margin of in 2023, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (15.1x).

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Target

Nevis Technology is a UK-based company that specializes in environmental monitoring software and systems for the offshore industry. Founded in 2018 and headquartered in Aberdeen, Scotland, the firm develops real-time monitoring solutions that enable platform, vessel, and energy infrastructure operators to track weather and environmental conditions. The company is particularly renowned for its offshore helideck monitoring systems and software platforms that consolidate operational and meteorological data. These solutions are designed to enhance the safety of helicopter transportation, crew transfers, maintenance operations, and logistical activities in complex marine environments. Additionally, Nevis Technology offers maintenance and support services for its installations, providing comprehensive support to its clients.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (GBP)

Year
Rev
EBITDA
EBIT
2023
2022

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REFERENCES

Valuation range: EV 0M - 15M GBP

Revenue range: 0M - 5M GBP

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of NEVIS TECHNOLOGY by VAISALA are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Acquirer: vaisala