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Primatec Concludes Strategic Exit with Sale to Ocyan S/A
The Primatec Fund, known for its role in seed capital and investments in Brazilian tech startups, announced the total sale of its shares in the Paraná-based company Vidya Technology to Ocyan S/A, a renowned company in the oil and gas sector. This strategic move is part of the Fund’s management plan, aiming to invest in early-stage companies, implement good governance, and assist in the growth of startups, culminating in sales to strategic partners that drive the development of these companies.
The Innovative Journey of Primatec
Founded in 2015, Primatec is recognized for its focus on investments in innovative companies emerging from national incubators and technology parks. With a diverse portfolio of 14 companies, the Fund is currently in a divestment phase, where the case of Vidya Technology stands out. This company, specialized in asset performance management using Digital Twins, caught Ocyan’s attention, with whom it had maintained business relations since 2019. The integration of Vidya’s solutions with Ocyan’s innovative projects promises to be a milestone in the technology and innovation sector.
The Partnership with Ocyan and the Future
“Vidya represents a classic example of Brazilian technological innovation, with the potential to solve global challenges”, emphasizes Robert Binder, president of Antera Gestão de Recursos, the manager of the Primatec Fund. On the other hand, Rodrigo Lemos, vice president of Ocyan, highlights the excitement about this new phase of the partnership and the opportunities it brings for both companies, reinforcing Ocyan’s commitment to innovation and continuous improvement in its operations.
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Vidya, originating from the Fiep system incubator in Paraná, aligns with the Primatec Network of parks and incubators, illustrating the success of the national incubation and technological development model.
Focus and Management of the Primatec Fund
With a committed capital of R$ 100 million, Primatec counts on heavyweight investors such as Finep, BNDES, Bandes, BDMG, and Fapemig. Its focus is on innovative companies in the fields of ICT, energy, sustainability, and the creative economy. Managed by Antera Gestão de Recursos, Primatec stands out in the Brazilian venture capital scene, having Brain Ventures as its operational consultant.
The Trajectory of Ocyan in the Market
Ocyan, with its vast experience and operational excellence in the oil, gas, and clean energy sector, presents a robust corporate culture, emphasizing safety and ESG commitments. The company offers integrated solutions for the offshore industry, including oil production, subsea construction, and offshore maintenance services. Additionally, Ocyan maintains strategic partnerships, such as with Mota-Engil, and participations in the offshore drilling segment.
This strategic movement between Primatec and Ocyan highlights not only the strength of seed capital and investment in tech startups in Brazil but also the potential for growth and innovation in the oil and gas sector, promising significant transformations in the national and international market.
Source: CDN Comunicação.
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