Going Private • Environmental

HitecVision Acquires Vow Green Metals

On May 19, 2025, private equity firm HitecVision acquired environmental company Vow Green Metals from Reiten & Co

Acquisition Context
  • This is HitecVision’s 1st transaction in the Environmental sector.
  • This is HitecVision’s 44th transaction in Norway.

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M&A Deal Summary

Date May 19, 2025
Target Vow Green Metals
Sector Environmental
Buyer(s) HitecVision
Sellers(s) Reiten & Co
Deal Type Going Private
Advisor(s) Pareto Securities (Financial)
Wiersholm (Legal)

Target Company

Vow Green Metals

Lysaker, Norway
Vow Green Metals produces and sells biocarbon and CO2 neutral gas in Norway. The company also offers bio-oil and bioenergy. Vow Green Metals was founded in 2021 and is based in Lysaker, Norway.
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Buyer Overview 1

Buyer

HitecVision

Stavanger, Norway

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 8.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

HitecVision is a private equity firm specializing in buyouts and growth capital investments in the oil and gas industry. The Firm targets investments in middle-market companies throughout North America (primarily US) and Northern Europe (primarily Norway and the UK). HitecVision seeks companies with growth potential and unique technologies. The Firm looks to invest €150 to €500 million in companies. Specific areas of interest include drilling/down-hole, exploration/production, field development, mid- and downstream, and subsurface. HitecVision was formed in 1985 and is based in Stavanger. The Firm has additional offices in Oslo and Texas.


Deal Context for Buyer #
Overall 64 of 64
Sector: Environmental 1 of 1
Type: Going Private 2 of 2
Country: Norway 44 of 44
Year: 2025 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-06 Hav Energy

Sandnes, Norway

Hav Energy is a maritime liquefied natural gas carrier (“LNGC”) infrastructure platform. Hav Energy was founded in 2022 and is based in Sandnes, Norway.

Sell -

Seller Profile 1

SELLER

Reiten & Co

Oslo, Norway

Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 450M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Reiten & Co is a Norwegian private equity firm that targets control investments in middle-market Scandinavian companies. Reiten looks for businesses with strong management, solid cashflow, and operating in a growing industry. The Firm's target investment size is €10 to €40 million per transaction. Reiten was formed in 1992 and began investing in 1996. The Firm is based in Oslo.


Deal Context for Seller #
Overall 22 of 22
Sector: Environmental 3 of 3
Type: Going Private 1 of 1
Country: Norway 18 of 18
Year: 2025 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-01 Airswift

Houston, Texas, United States

Airswift is a global workforce solutions provider specializing in temporary and permanent staffing for technology and engineering roles within the global energy sector. The Company offers a compelling value proposition by connecting scarce STEM talent with technical engineering projects in challenging environments. Airswift is based in Houston, Texas.

Sell -

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