Hilti Group has acquired Norwegian Oglaend System Group, enhancing its position in the offshore oil, gas, and wind markets through a strategic combination of complementary offerings.

Information on the Target

Oglaend System Group, headquartered in Klepp, Norway, is a leading manufacturer specializing in cable management solutions and multidisciplinary support systems tailored for the offshore industry. Established in 1977, the privately held company has expanded significantly over the years, operating subsidiaries in 14 countries and employing around 400 individuals globally. The acquisition by Hilti Group marks a strategic milestone for Oglaend System as it aims to bolster its presence in the offshore market, renowned for its commitment to high-quality products and value-added services.

Oglaend System's brand reputation in the market aligns closely with Hilti's objectives, reinforcing their mutual commitment to quality and expansion in the offshore sector. This acquisition is expected to enhance Oglaend's capabilities and increase its competitive edge in the growing offshore market.

Industry Overview in Norway

The offshore oil, gas, and wind industries have become pivotal to Norway's economy, with significant contributions to national revenues and job creation. With substantial reserves in oil and gas, coupled with a robust push