Hawk Infinity Software AS – Agreement on Acquisition

28 Feb 2025 19:05 CET

Hawk Infinity Software AS (“HIS”) has entered into an agreement for the
acquisition of 100% of ROQC Data Management AS (“ROQC”).

ROQC is a software company providing proprietary subsurface data management
tools alongside specialised enhancements to subsurface software technology
platforms. Founded in 2003, the company is based in Sandnes, Norway, with an
organisation that has long tenure and solid track-record in the data management
domain. ROQC has successfully developed the company’s recurring revenue SaaS
business model and commercialisation of R&D and has a solid foundation for
future long-term growth.

ROQC has balanced strong top line growth with improving profitability and cash
flow, currently trading at LTM revenues of NOK 53 million and LTM EBITDA of NOK
28 million.

The acquisition is closed at an Enterprise Value of NOK 250 million and funded
by available liquidity, release of remaining escrow amount and an equity issue
in HIS towards Hawk Infinity AS.


For further information please contact:

Joakim Stavnes Karlsen
Chief Executive Officer
Tel: +47 483 88 583
E-mail: jk@hawk.no

Lars Fredrik Revling
Chief Financial Officer
Tel: +47 412 22 772
E-mail: lr@hawk.no

More information:
Access the news on Oslo Bors NewsWeb site