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.
Top Stages
Past deals in Oslo
Hafslund Celsio
Venture Round in 2022
Hafslund Celsio, based in Oslo, is the largest district heating company in Norway, employing approximately 200 people. The company provides heating solutions to over 200,000 residents, focusing on renewable thermal energy production and effective heating and cooling operations. Hafslund Celsio is committed to supporting Norway's climate goals by reducing greenhouse gas emissions. A key initiative in this effort is the carbon capture project at the Klemetsrud waste incineration facility, which has the capacity to capture 400,000 tonnes of CO2 annually. Through its operations, Hafslund Celsio aims to significantly contribute to the decarbonization of Oslo and enhance the sustainability of energy services in the region.
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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