Advantec invests in the oil service company NTOS

The Advantec Group where Norvestor V, L.P. is the majority owner has signed an agreement to acquire NTOS AS. 

NTOS delivers hydraulic systems, products and services for sale or rental to the oil and gas industry, and is one of the leading companies within this segment at the subsea base CCB in Ågotnes, west of Bergen. NTOS has 48 employees and is expected to add approximately NOK 120 million to the Advantec group consolidated revenues in 2013.

 

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