EV Private Equity has acquired Enhanced Drilling from the Altor funds, aiming to enhance growth and innovation in the drilling technology sector.

Information on the Target

Enhanced Drilling Holding AS, a prominent player in the drilling technology sector, has been acquired by EV Private Equity. This acquisition marks a significant step for Enhanced Drilling, which has established itself as a leader in the development of innovative solutions to critical industry-wide drilling challenges. Originally a spin-off from AGR, Enhanced Drilling has cultivated a robust operational framework and has been at the forefront of drilling technology advancements, ensuring its relevance and demand within the oil and gas sector.

Under the stewardship of EV Private Equity and its co-investor, Enhanced Drilling is expected to leverage its historical expertise and established technology to further enhance its market positioning. The company's commitment to innovation has been pivotal in driving its growth and attracting a diverse customer base, setting it up for future success in a competitive landscape.

Industry Overview

The global oil and gas industry, particularly within Norway, continues to experience dynamic shifts driven by technological advancements and environmental considerations. Norway's extensive oil and gas reserves make it a critical player in the energy market, positio