Goodtech acquires Skala Liquides
The acquisition was structured as a carve-out transaction, including 24 engineers and a SaaS-based, industrial SW.
The engineering team is specialized within industrial IT, automation and process engineering. The proprietary industrial SaaS-based SW “LTLine”, is designed to manage liquid food production from reception to end of line. Through the acquisition, Goodtech has taken over the long-term SaaS agreement with TINE as the largest customer, securing recurring revenues going forward.
About Skala Liquids
Skala Liquids has a highly specialized engineering group for liquid food processing, providing turn-key EPC services. By combining cutting-edge technology with seamless automation and its proprietary SaaS SW, Skala Liquids possess the capacity to deliver hygienic manufacturing facilities with operational stability, efficient consumption of resources, energy, water and labor. Read more at skalaflytende.no.
I am delighted to announce our sale of Skala Liquids to Goodtech. This strategic move enables us to focus on our core, and at the same time, secures a bright future for our former employees and a strong partner for our customers.Steinar Spydevold, CEO of Skala AS
About Goodtech
Goodtech is a listed company, providing engineering, automation and technology services across industries. Goodtech seek to transform complex challenges into efficient, sustainable, and value-driven outcomes. Read more at goodtech.no.
This transaction aligns with Goodtech's strategic focus. With the addition of Skala Liquids, we now establish a leading presence in the next generation of liquid food production. We look forward to welcoming 24 new colleagues warmly. Simultaneously, we acquire an exciting software with profitable recurring income. Oaklins proved to be an experienced M&A advisor who played a key role for us, enabling both a customized process and outcome.Margrethe Hauge, CEO of Goodtech ASA
The integration of Skala Liquids will empower Goodtech to extend its capabilities and offerings, serving the unique demands of liquid food and process industries.
Acquisition assisted by Oaklins
Oaklins’ team in Norway was engaged as the exclusive sell-side financial advisor to TINE and Nortura as the main shareholders of Skala AS on this transaction.
The process was highly challenging and complex, as Oaklins had to advise and negotiate a restructuring of key contracts with our largest customer, in parallel with the sales process. Oaklins handled this exceptionally well, and their industry expertise and commercial experience was crucial in achieving this milestone. I strongly recommend Oaklins to anyone who considers an exit or acquisition.Steinar Spydevold, CEO of Skala AS
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