In September 2006 Vibration Technology was sold to French company Sercel for an undisclosed sum. Vibtech has pioneered the use of advanced wireless technologies for seismic recording; the company’s Unite System had attracted interest from both oil companies and seismic contractors. Aberdeen originally invested in September 2005, the exit provided a 2.2x money return for Aberdeen VCT clients and achieved an internal rate of return of 113%.
Initial Investment: September 2005
Company: Vibration Technology
Company website: www.vibtech.co.uk
Deal Type: Exit
Sector: Technology/Media/Telecoms
Team: Portfolio Management