GexCon Announces New Acquisition

Phil Black - PII Editor 24/03/2015

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GexCon AS, a market leader in dispersion, explosion and fire modelling software, has announced the acquisition of Stormfjord.

The move will see GexCon, known globally for its FLACS safety and risk management software, taking on the products and services of a company that has rapidly established itself as a leading player in the field of 3D industrial visualisation and simulation.

Stormfjord, founded in 2007, is renowned for its work in transforming complex industrial data into accessible, user-friendly 3D software solutions for use in simulation, planning, training, overview, control and monitoring applications. Using patented technology that provides clients with efficient, low cost solutions, the firm has enjoyed particular success within the oil and gas sector, where its low user barrier ‘gaming style’ products have driven growth. Stormfjord’s expertise in this niche field also ensures a rapid turnaround of visualisation applications – a key selling point for time sensitive energy developments.

Projects of note that have utilised Stormfjord’s software include the early phases of Statoil’s Aasta Hansteen and Lundin’s Edvard Grieg platforms in the North Sea. You can see Stormfjord’s ScopeXP familiarisation solution, as used on the Lundin assignment, here.

“GexCon is investing heavily in the development of FLACS 3D Risk Management (3DRM),” comments Erik Aadland, GexCon’s International Sales and Business Director. “We strongly believe that Stormfjord’s expertise in advanced 3D solutions will accelerate the development of what we believe is the future of risk tools.

“Their skills and ambitions are completely complimentary to our own,” he adds, “so I’m very excited that Stormfjord and its employees chose Gexcon as their new home.”

Stormfjord CEO and Co-founder Magnus Reigstad shares Aadland’s enthusiasm for the deal:

“GexCon was our first choice when looking for an industrial partner,” he notes. “They are investing heavily in real-time 3D technology development, and that is one of our key strengths. For our part it gives us the resources to expand internationally, while our customers benefit from the support, stability and long-term partnership we receive from a Christian Michelsen Research-owned business.”

Stormfjord will continue to operate as a separate brand within the GexCon Software business.