Origo Engineering
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Origo Engineering - overview
Established
2000
Location
Kristiansand, -, Norway
Primary Industry
Business Support Services
About
Origo Engineering specializes in safety and automation solutions, integrating operational technology with information technology, primarily within the energy sector, enhancing the safety and efficiency of industrial operations. Origo Engineering, founded in 2000 by Bo Bøgh, is based in Kristiansand, Norway. The company focuses on safety and automation solutions, serving as a key player in the oil and gas sector. In February 2011, Align AS, a portfolio company of HitecVision, acquired Origo Engineering.
As of the latest information, the company has completed one investment deal, with the most recent deal dated January 24, 2011. Origo Engineering provides comprehensive safety and automation solutions, including advanced safety systems like SafeCom® and High Integrity Pressure Protection Systems (HIPPS). These products enhance the operational safety and efficiency of industrial processes, particularly in the oil and gas sector, managing over 8,500 kilometers of gas pipelines in Norway and extending its market presence into renewable energy industries across Europe. In 2023, Origo Engineering reported a revenue of USD 23.
33 mn and an EBITDA of USD 3. 44 mn. The company operates under a structured revenue model focused on B2B transactions, generating income through direct sales of its flagship products, alongside service agreements with industrial clients, ensuring optimal performance and safety compliance. Origo Engineering aims to expand its product offerings and market presence in the coming years.
The company is developing new safety solutions, although specific release dates are not mentioned. Furthermore, it plans to target new geographic regions for expansion, particularly focusing on the broader European energy market. The previous acquisition by Align AS is expected to support these growth initiatives, enhancing resources and strategic partnerships.
Current Investors
Align AS
Primary Industry
Business Support Services
Sub Industries
Engineering, Construction, Petrochemicals
Website
www.origo-e.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Origo Engineering - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Origo Engineering | - |
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