HitecVision

HitecVision AS, established in 1985, is a Norwegian private equity firm specializing in investments within the energy sector, primarily focusing on oil and gas-related services and technologies. The company invests in middle market companies across various stages, from seed to mature, and participates in buyouts, industry consolidations, and public-to-private transactions. HitecVision typically invests between $30 million and $150 million for controlling stakes in companies with an enterprise value of up to $300 million. With headquarters in Stavanger and additional offices in Oslo, London, Aberdeen, and Houston, the firm has a global presence, investing in companies based in Asia, Africa, the Middle East, Northern Europe, and North America, with a particular focus on Norway, the United Kingdom, and the United States. HitecVision's extensive industry background enables it to create value by partnering with entrepreneurial managers to build substantial and sustainable companies. Since 1994, the firm has acquired, invested in, or established over 150 companies and exited over 100.

Sunniva Bjørnstad

Senior Partner

Christian A. Bøe

Investment Director

Anders Forgaard Drage

Investment Director

Petter Tandstad Ege

Partner

Jan Eide

Partner

Ole Ertvaag

Founder and CEO

Tor Espedal

Senior Partner

Sofie Flaate

Associate

Anders Garneng

Senior Associate

Morten Gilje

Partner

Einar Gjelsvik

Senior Partner

Claudia Guardo

Senior Associate

Anna Guthrie

Associate

Gunnar Halvorsen

Senior Partner

Hatlem, Per

Industry Partner

Simen Helland

Partner

Nikolay Iankov

Partner

Kristoffer Kleppa

Analyst

Lars Krogh

Partner

Christian Kronstad

Senior Partner

Ann-Mari Lillejord

Partner

Philip Lonmon

Senior Associate

Maren Lundby

Partner Credit

Grethe Meisingset

Partner and Head of Sustainability

Dag Thomas Michalsen

Partner and Head of Credit

Nipun Narang

Partner

Silje Nilsskog

Investment Director

Pål M. Reed

Founding Partner and Deputy CEO

Arne Magnus Rise

Partner Industry

Michael Robberstad

Partner

Hector Robinson

Senior Associate

Louise Samuelsson

Partner

Chiara Sgambaro

Senior Associate

Sara Sottilotta

Senior Associate

Nils Petter Ueland

CFO

Francesco Verre

Senior Partner

Benjamin Vidnes

Senior Associate

Synne Wakeford-Wesmann

Senior Associate

Kurt Waldeland

Partner

Erik Risvold Ystgård

Senior Associate

Andre Ølberg

Partner

Past deals in Norway

Aneo

Venture Round in 2022
Aneo is a leading independent energy transition group in the Nordics.The company operates the second-largest onshore wind farm in Norway, owns a sizable number of hydropower facilities, and engages in a number of downstream electrification projects. Aneo's overall capacity for electricity production is about 1.3 TWh, and the group is in charge of 6 TWh. Aneo has over 260 people and is based in Trondheim. By 2030, the corporation wants to hold the top positions in Nordic onshore renewable energy development, ownership, and operation. Aneo was founded in 2022 using the resources and structure of TrnderEnergi.

Hafslund Celsio

Venture Round in 2022
Hafslund Celsio, based in Oslo, is Norway's largest district heating company, employing around 200 people and providing heat to over 200,000 residents. The company focuses on renewable thermal energy production, offering heating and cooling services to urban populations while supporting national climate goals. A key initiative in its strategy for decarbonization is the carbon capture project at the Klemetsrud waste incineration facility, which has the capacity to capture 400,000 tonnes of CO2 annually. Through these efforts, Hafslund Celsio aims to reduce greenhouse gas emissions and contribute significantly to the sustainability of Oslo and the broader Norwegian climate agenda.

Hav Energy

Venture Round in 2019
Hav Energy is a Norway-based energy infrastructure company established by HitecVision, focused on developing sustainable energy solutions for European energy and utility firms. The company specializes in creating and managing energy infrastructure, which includes regulated pipelines, terminals, production facilities, power infrastructure, and carbon capture and storage systems. By leveraging its expertise in legal frameworks, operations, and asset management, Hav Energy offers customized financial structures that enhance cash flow and project economics for its clients. Through its investments and development efforts, Hav aims to establish itself as a leading firm in the energy infrastructure sector and actively contribute to the ongoing energy transformation.

Vår Energi

Venture Round in 2016
Vår Energi is a next generation oil and gas operator on the NCS. Vår Energi's core business is to maximize value through safe and responsible exploration, development and production of hydrocarbons. Vår Energi was established in 2018 in Rogaland, Norway.

Kvaerner

Post in 2015
Kvaerner is an international company based in Oslo, Norway, specializing in engineering, procurement, and construction (EPC) services for the oil and gas industry. With decades of experience, Kvaerner is recognized as a leader in delivering complete offshore platforms and onshore process plants, particularly in challenging environments with strict budgets and timelines. The company emphasizes health, safety, security, and environmental considerations in all its operations, while also prioritizing cost control and efficiency to ensure predictable project delivery. Kvaerner's workforce consists of around 2,800 skilled employees, supported by strategic partnerships with subcontractors and suppliers. The company has a rich history, having evolved from businesses established during the Industrial Revolution, and underwent significant transformations, including a merger with Aker Maritime in 2002 and a subsequent demerger in 2010, which solidified its position as a specialized EPC contractor in the global market. Through its projects, Kvaerner aims to add value to its clients and contribute positively to local communities.

Aquamarine Subsea Solutions

Acquisition in 2014
Aquamarine Subsea AS is an international service company based in Stavanger, Norway, with additional offices in Jørpeland, Vestby, and Houston, Texas. It specializes in providing material technology solutions and asset integrity services to the oil and gas drilling and subsea sectors. The company offers a wide range of services, including thermal coating, welding solutions, and fabrication, repair, and maintenance for various drilling equipment and pressure control systems. Additionally, Aquamarine Subsea provides engineering services such as mechanical and hydraulic system design, third-party inspection, and product research and development. Its product offerings include BOP-stack frame systems, well capping systems, and various tools for drill pipe handling and testing. By focusing on asset management and life cycle service solutions, the company serves rig owners, operators, and original equipment manufacturers in the global drilling and subsea markets. Aquamarine Subsea was incorporated in 2013.

DeepWell

Private Equity Round in 2014
DeepWell is a well intervention company based near Haugesund, Norway, specializing in wireline services for the oil industry. The company focuses on providing real-time information to enhance safety and efficiency during well operations. Its services include mechanical wireline, equipment rental, testing and training, as well as maintenance and engineering support. By offering these services, DeepWell aims to help oil companies improve productivity and reduce operational costs.

Agility.

Acquisition in 2009
Agility is a manufacturing company focused on subsea manifolds and structures tailored for the offshore market. It provides a range of services, including the production of drilling and well intervention units, marine vessels, and fabrication services. Additionally, Agility offers maintenance and modification services to support its products and clients in the demanding offshore environment. With a presence in 13 locations across Norway, the company is equipped to deliver comprehensive engineering, procurement, and construction solutions, enhancing its capability to meet the needs of the maritime and energy sectors.

Stream AS

Private Equity Round in 2009
Stream AS, together with its subsidiaries, supplies various products, solutions, and services in the field of valves, piping, electrical, and instrumentation for the oil and gas industries in Norway and Germany. The company supplies pneumatic and hydraulic systems, control units, valves, tube and pipe fittings, pipes, flanges, courses, mechanical connections, and spring suspension products; and provides instrumentation and monitoring, repair and maintenance, injection and sampling, and inspection services. It also offers materials, instruments, and equipment for chemical, petrochemical, pharmaceutical, and power industry. The company is headquartered in Tananger, Norway. Stream AS operates as a subsidiary of Bokn Invest AS.

Spring Energy Norway

Private Equity Round in 2008
Spring Energy Norway is explores, extracts, develops, and produces oil and gas products in Norway.

Teknisk Bureau

Acquisition in 2007
Teknisk Bureau is a technical turnkey contractor and service provider based in Norway, specializing in pipes, ventilation, telecom, automation, energy consulting, and electrical services, including maritime electrical. The company serves various sectors, including construction, industrial, energy, and maritime vessels, handling both individual assignments and larger framework agreements in the service market. Teknisk Bureau's range of services includes the inspection of electrical installations in residential settings, as well as the start-up, maintenance, and internal control of larger facilities. The company is committed to customer satisfaction by ensuring that its products and services meet established requirements and expectations, and are delivered on time and within budget.

Leirvik

Acquisition in 2007
Leirvik is an engineering, procurement, and construction contractor specializing in providing aluminium offshore living quarters to oil companies. Founded in 1946 and based in Stord, Norway, the company delivers EPC products based on a standardized project execution model, incorporating client specifications and regional regulations. Leirvik focuses on designing, manufacturing, and maintaining living quarters, helidecks, and accessories with a short lead time and predictable quality and cost, aiming to create lasting value for both customers and society.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.