Moreld today announced the sale of its 67 percent ownership interest in Apply Capnor AS (Capnor) to Hawk Infinity Software AS. The transaction is in line with Moreld’s strategy to optimise its portfolio and capital allocation. The transaction implies a total enterprise value of Capnor of NOK 300 million, yielding an EV/EBITDA multiple of 6.7x. Apply Capnor contributes to less than 5% of Moreld’s consolidated EBITDA.
"With Moreld as owner, Capnor’s management has successfully transformed the company into a global leader in 3D scanning and digital twin solutions and positioned the business for continued expansion. With Hawk as its new owner, Capnor is well-positioned to further scale its capabilities and enhance its industry prominence,” said Geir Austigard, CEO of Moreld Group AS.
The transaction, completed with no additional contingent considerations, supports Moreld's strategic focus on optimising its portfolio and capital allocation. Hawk will integrate Capnor’s solutions into its B2B cloud-based offerings, aiming to expand its position across the Nordic and international markets.
Through its Ayelix platform, Capnor offers clients an efficient and user-friendly tool for managing 3D scans and engineering data, enhancing project execution and operational efficiency. The technology offers significant opportunities for remote training and workforce development. The Ayelix platform is also available as a standalone software product, further strengthening Capnor’s market position.
Moreld Group was advised in this transaction by BTIG Norway AS and Schjødt.
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