Technor announces sale of Technor Safe Ex

HitecVision is pleased to announce the sale of Technor Safe Ex AS to BARTEC, the leading industrial technology safety company. HitecVision has over the past four years consolidated Safe Ex's position in the Norwegian market and is now handing over a company poised for growth in Norway and internationally.

In 2006 HitecVision acquired 100% of the shares in Technor ASA in a public to private transaction. Since the acquisition, Safe Ex has operated as an independent company within Technor, consolidating its market leader position in the in the market for Ex rated equipment to the Norwegian oil and gas industry. In order to internationalise its well recognised product suite, HitecVision has been looking to make the company part of a larger group. BARTEC has a complementary product and geographic fit, and will be a good new home for the company. The acquisition will allow BARTEC to further expand its business activities in Norway and other Scandinavian countries, as well as in the oil & gas offshore industry worldwide.

BARTEC is one of the world’s leading system providers of industrial safety technology. The company’s products and services are used wherever there is a potential risk of explosion due to hazardous substances such as flammable liquids, gases and dusts. The company has an international presence, with production sites in Germany, Switzerland, Norway, UK, Slovenia and China, sales units in 28 countries and more than 50 sales partners. The group employs around 1,400 people worldwide.

15.12.2010

HitecVision increases ownership and delists Bjørge

Bokn Invest AS, a company owned by HitecVision and Aker Capital, acquired about 76% of the shares in Oslo Stock Exchange-listed Bjørge ASA through a voluntary offer in November 2009. In a number of transactions since the 8th November 2010, Bokn Invest has acquired all of the shares in Bjørge that it did not already own.
26.11.2010

HitecVision invests in Core Energy

HitecVision, the leading oil and gas focused private equity investor, announced today an agreement to provide an equity line of USD 150 million to the independent oil and gas company Core Energy AS.
22.11.2010

Hitec Products Drilling changes name to Axon Norway AS

Hitec Products Drilling AS changes name to Axon Norway AS
05.11.2010

HitecVision increases holding in Grenland Group

HitecVision has today signed an agreement to acquire all the shares in HVS Invest held by Skogen Invest AS. HVS Invest has a 75.5% shareholding in Grenland Group (Oslo Stock Exchange: GGG), and HitecVision will, following the closing of this transaction, be the sole shareholder in HVS Invest.
05.11.2010

New contract to Apply Leirvik

Apply Leirvik today announced the award of an EPC contract from Statoil for delivery of a Living Quarter and Helideck to the new Gudrun Platform.
01.10.2010

Technor announces sale of Technor Safe Ex

HitecVision is pleased to announce the sale of Technor Safe Ex AS to BARTEC, the leading industrial technology safety company. HitecVision has over the past four years consolidated Safe Ex's position in the Norwegian market and is now handing over a company poised for growth in Norway and internationally.
20.09.2010

HitecVision is pleased to announce the sale of Technor Safe Ex AS to BARTEC, the leading industrial technology safety company. HitecVision has over the past four years consolidated Safe Ex's position in the Norwegian market and is now handing over a compa

Bjørge ASA has today announced that it will reorganize into two independent companies, with its process, fire and safety solutions divisions demerged into a separate company.
08.09.2010

Spring Energy announces major asset package sale

Spring Energy has today announced the sale of 15% in PL 378 (containing the Grosbeak discovery), 20% in PL 375 (containing the Beta discovery) and 20% in PL 551 to Talisman Energy Norge AS for an amount between USD 114.5 million and USD 129.5 million pending certain near term milestones.
24.08.2010

AT Group announced at ONS

AT Group (ATG) created from four Energy & Industry supplier Groups.
22.07.2010

Spring Energy: Discovery on Maria prospect

Spring Energy announces further exploration success in the recently completed exploration well (6406/3-8T2) on the Maria prospect in PL 475BS, 15 km East of the Åsgard Field and 5 km Northeast of the Trestakk discovery.
06.07.2010

HitecVision aquires Tampnet from Statoil

Statoil and HitecVision have signed an agreement under which HitecVision will acquire Statoil’s subsidiary Tampnet AS.
02.07.2010

Reef Subsea names Mark Preece as new CEO

Reef Subsea has appointed Mark Preece as Chief Executive Officer with effect from 1 July 2010.