Sekal AS is a Norwegian provider of drilling automation software. The Norwegian oil & gas sector is a leader in reducing costs and improving safety in oil & gas development. It is a successful technology development ecosystem where the private, public and academic sectors actively collaborate to develop innovative digital technology solutions for use in the oil & gas industry. Sekal is founded from this collaborative ecosystem with its software based on over two decades of research by the Norwegian Research Centre AS (NORCE) and its shareholders including NORCE, Equinor Technology Ventures, Saudi Aramco Energy Ventures and SakornInvest.
Alpha Corporate Finance advised the owners of Sekal AS in the sale to Sumitomo Corporation, the Tokyo based conglomerate enterprise.
For further information, please refer to the press release of Sumitomo Corporation.