Gexcon AS
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Gexcon AS - overview
Established
1998
Location
Bergen, -, Norway
Primary Industry
Business Support Services
About
Based in Norway, Gexcon AS specializes in fire and explosion safety consulting, providing advanced software and expert services to mitigate risks in the (petro-)chemical sector. Gexcon AS offers specialized consulting services focused on safety in explosive environments. Founded in 1998 in Bergen, Norway, the company was fully acquired by Longship in February 2021 from NORCE Norwegian Research Centre AS. The acquisition aims to enhance Gexcon's software offerings and extend its global reach.
The company is led by CEOs Dave Price, Jale Cairney, Paul Taylor, Scott Davis, and Trygve Birkeli. Gexcon provides a comprehensive suite of fire and explosion safety consulting services, utilizing advanced software solutions to address safety challenges in the (petro-)chemical industry. Their main products include computational fluid dynamics (CFD) software that simulates hazardous material dispersion, fires, and explosions, alongside consulting services for risk assessment and incident investigation. Gexcon works with major energy companies and process safety engineers across Europe, Asia, and Australia, also offering ATEX certification to ensure compliance in explosive atmospheres.
In the most recent fiscal year 2022, Gexcon reported a revenue of USD 22. 75 mn and an EBITDA of USD 1. 87 mn. The company earns revenue through consulting services, software licensing, and certification fees, establishing strong B2B relationships with clients.
Gexcon intends to leverage its recent acquisition to strengthen its software and consulting services while expanding its global presence. The company is focused on launching new products and entering new markets, specifically targeting regions in Asia and Australia by 2025. The recent acquisition provides additional resources to support these initiatives, further enhancing Gexcon's capability to address the evolving needs of its clients.
Current Investors
Longship
Primary Industry
Business Support Services
Sub Industries
Facilities & Maintenance Services, Consulting Services, Education & Training Services, Storage Management Software, Systems Management Software
Website
www.gexcon.com
Verticals
Cloud Computing, Infrastructure
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Gexcon AS - financials
| Fiscal Year Ended | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 54,933,006 | 72,321,054 | 102,808,422 | 113,439,384 | 147,589,093 | 143,185,126 | 128,711,822 | 140,851,307 | 107,161,463 | 107,281,573 | 101,763,713 | - | - | - |
| % Revenue Growth (YoY) | - | 31.7% | 42.2% | 10.3% | 30.1% | (3.0%) | (10.1%) | 9.4% | (23.9%) | 0.1% | (5.1%) | - | - | - |
| EBITDA (USD) | 7,987,519 | 7,429,994 | 14,420,854 | 10,996,923 | 7,072,913 | 17,955,528 | 19,231,735 | 19,772,551 | 13,730,189 | 3,499,747 | (11,198,614) | - | - | - |
| Operating Income (USD) | 6,885,499 | 5,386,213 | 11,339,326 | 5,277,224 | (612,735) | 8,475,897 | 8,954,230 | 7,739,218 | 4,494,394 | (6,609,343) | (22,799,061) | - | - | - |
| Operating Margin | 12.5% | 7.4% | 11.0% | 4.7% | (0.4%) | 5.9% | 7.0% | 5.5% | 4.2% | (6.2%) | (22.4%) | - | - | - |
| % EBITDA Margin | 14.5% | 10.3% | 14.0% | 9.7% | 4.8% | 12.5% | 14.9% | 14.0% | 12.8% | 3.3% | (11.0%) | - | - | - |
| NET Income (USD) | 7,805,063 | 3,285,406 | 8,914,690 | 4,732,930 | (728,475) | 1,750,683 | 3,556,217 | 3,983,676 | 1,730,704 | (3,422,008) | (10,863,259) | - | - | - |
| % Net Margin | 14.2% | 4.5% | 8.7% | 4.2% | (0.5%) | 1.2% | 2.8% | 2.8% | 1.6% | (3.2%) | (10.7%) | - | - | - |
Gexcon AS - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Gexcon AS | - |
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