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 Oslo

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.

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.
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