Farvatn becomes majority owner of OilComp AS
Farvatn Private Equity announced today that they have entered into an agreement to take a majority position in OilComp AS.
- This is a new milestone for OilComp. The agreement enables us to strengthen our established offerings as well as increase investments in innovation and further development, says founder Gunnar Knudsen, who will still have a central role both in the further operations of the company and on the ownership side.
Together with Farvatn, OilComp will be able to offer customers training with even higher quality and relevance. Knudsen says he really looks forward to collaborating with Farvatn and realizing many of the plans and visions that OilComp already has on the table.
Outstanding position
OilComp has established itself as a reputable training and competence center in the aquaculture, offshore, and maritime markets. Trond Solberg, Investment Director at Farvatn, explains that the purchase will give Farvatn a unique opportunity to help strengthen training and thereby the safety of Norwegian seafarers, aquaculturists, and offshore workers.
- OilComp has an outstanding position as a competence platform, supplier of development projects, and further education for these industries. Together we look forward to creating growth in technology, safety, and sustainable concepts and products for actors in the ocean space, Trond Solberg continues.
Gunnar Knudsen will still have a central role both in the further operations of the company and on the ownership side.
OilComp is also known for innovation and technology and has been a driver of safety training in new energy carriers such as lithium-ion batteries.
Focus on sustainability
- With a player like Farvatn behind us, opportunities open up for a larger focus on developing our services in both new and existing markets. There is a transformation going on in the industry, including related to the green shift. Our courses are adapted to a more sustainable mindset with a lower carbon footprint throughout the value chain, says Eirik Eidem, CEO of OilComp.
OilComp is already investing in local and digital training today, which minimizes the need for expensive and polluting travel. With new owners, the company has the opportunity to invest even more in local presence than the already over twenty locations we operate along the coast.
Saga Corporate Finance was the financial advisor, EY was the economic advisor, and Wikborg Rein was the legal advisor for OilComp AS in connection with the transaction. Tenden Law Firm was the legal advisor for Farvatn Private Equity AS in connection with the transaction.
