Advantec Group companies

ADVANTEC also aims to develop cutting edge technology products and services, through dedicated R&D activities. Selected acquisitions are made, where the experience, know-how and resources of ADVANTEC can be combined with ambitious individuals or smaller companies to develop dedicated service organizations or technology products for the international oil & gas market. The results of such endeavors are marketed as part on the Productsbusiness area. In 2010, the Oslo based Private Equity company Norvestor (Fund V) invested into Advantec Holding, and a group structure was established. Norvestor has been actively involved in structuring and growing the Advantec Group, and has a solid capital base to support the considerable investments made in rental systems, and further acquisitions.