Carnegie Investment Bank Norway is proud to have acted as financial advisor to SYSCO AS in its contemplated merger with Cegal.
Credo Partners owned SYSCO is joining forces with the Norvestor owned Cegal to create a leading, global tech company for the energy sector, and take a position as a powerful contributor to the green shift. Both companies have in-depth industry domain knowledge, a complementary offering and limited overlap between customers. Together, the companies will deliver software, world class consultancy, and secure and high performing cloud solutions. The combined company will be headquartered in Stavanger, Norway, and have more than 700 employees from more than 30 nationalities located in eight countries. Total revenue for the combined company is expected to reach approximately NOK 1.4 billion for 2021.
Carnegie congratulates Credo Partners, Dagfinn Ringås and the rest of the SYSCO team with the announced transaction and look forward to continuing our support going forward.