Norvestor VII, L.P. and Norvestor VII, OS L.P. (“Norvestor”), funds managed by Norvestor Equity AS, have signed an agreement to invest in Wellit AS (“Wellit”).
Wellit is a disruptive software company providing logistics solutions for the global oil and gas industry. Customers include all operators on the Norwegian Continental Shelf, several global IOCs and global service companies. Wellit’s software, WELS, enables parties in the oil and gas value chain to eliminate costs and reduce lead times through optimized planning and more effective communication. Through efficient matching of resources (human, equipment, materials, transport) to the needs of oil and gas operators, WELS minimizes costs, resources and carbon footprint across the value chain. Furthermore, the software platform accommodates the use of modern business intelligence tools including big data analytics and artificial intelligence. The cloud-based multi-tenant software has been built on years of hands-on experience from oil and gas logistics.