![Advantec](https://norvestor.imgix.net/Company-logos/advantec_191213_114959.png?auto=compress%2Cformat&bg=%23FFFFFF&crop=focalpoint&fit=crop&fm=jpg&fp-x=0.5&fp-y=0.5&h=69&q=90&w=400&s=923ebd1afa215a9c17d134461619038d)
Under our ownership, Advantec developed into a leading provider of subsea intervention equipment and associated life-of-field services for the global oil & gas industry. Back in 2010, when we invested, we were intrigued by the combination of a favourable industry outlook and a growing demand for Advantec’s services. Through a combination of geographical expansion, add-on acquisitions and the broadening of its life-of-field services (including establishing a fleet of rental units), Advantec has built a market-leading position. We sold Advantec to an industrial buyer in 2015.
- Investment date: April 2010
- Exit date: November 2015
- Industry: Energy & Marine
- Fund: Fund V
- Web page: www.advantec.no