Sale of Pressure Control to IKM Gruppen


IKM Gruppen has entered into an agreement to acquire 70 % of the shares in Pressure Control AS. Pressure Control is an oilfiled service company that offers rental, sale and service of pressure control equipment, wireline tools, coiled tubing tools and well intervention BOPs. In 2013 the company had a revenue of NOK 21.7 million and an EBIT of NOK 7.9 million. The company has 3 employees. The founder and general manager Victor William Rae will remain a minority shareholder (30 %).

BOLT Corporate Finance AS assited Pressure Control in the sales process.

 






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