Private Equity Firm Energy

HitecVision

Stavanger, Norway

Norwegian private equity firm and institutional capital provider to Europe’s energy industry. Over four decades, HitecVision has built or invested in more than 200 companies and has raised approximately EUR 9B in capital. Headquartered in Stavanger with offices in Oslo and London.

Focus Areas
Energy transition, Decarbonisation, Energy infrastructure
Website
hitecvision.com

Tracked deals

3

3 tracked deals across 2021-2025.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Addon

1 addon · 1 buyout · 1 divestiture

HitecVision Acquisition Volume by Year

Last 3 years

Acquisition volume by year Annual acquisition counts for the last 3 years for HitecVision. 1 2020 1 2022 1 2025

Supporting Data

Recent Transactions

  • HitecVision Acquires 50% Stake in Altibox Carrier from Lyse
    July 8, 2025
    Buyer
    HitecVision
    Target
    Altibox Carrier
    Seller
    Lyse
    Industry
    Telecommunications
    Location
    Norway
    Type
    Divestiture

    HitecVision has acquired a 50% ownership stake in Altibox Carrier, a subsidiary carved out from Lyse, to create an independent Nordic platform for high-capacity fiber infrastructure serving data centers and cloud providers. The joint venture will remain headquartered in Stavanger and will focus on developing existing subsea and terrestrial routes, building new strategic routes, and pursuing acquisitions of smaller Nordic fiber operators to meet rising data-traffic demand.

  • Hafslund Eco, Infranode and HitecVision Acquire Fortum Oslo Varme (Hafslund Oslo Celsio)
    March 22, 2022
    Buyer
    Hafslund Eco, Infranode, HitecVision
    Target
    Fortum Oslo Varme (to be renamed Hafslund Oslo Celsio)
    Seller
    Fortum, City of Oslo
    Industry
    Energy
    Location
    Oslo, Norway
    Type
    Buyout

    A consortium of Hafslund Eco, Infranode and HitecVision has completed the acquisition of Fortum Oslo Varme, which will be renamed Hafslund Oslo Celsio. Hafslund Eco holds a 60% majority stake while Infranode and HitecVision hold 20% each; the partnership plans ~NOK 10 billion of investments including NOK 1.4 billion for a CCS project at the Klemetsrud waste-to-energy plant and major district cooling investments.

  • NEO Energy Acquires Zennor Petroleum
    January 1, 2021
    Buyer
    NEO Energy, HitecVision
    Target
    Zennor Petroleum Limited
    Seller
    Kerogen Capital
    Industry
    Energy
    Location
    United Kingdom
    Type
    Addon

    NEO Energy, backed by private equity firm HitecVision, has acquired independent oil and gas company Zennor Petroleum Limited in a transaction valued at up to USD 625 million (including deferred and contingent consideration). The deal increases NEO’s operated UK Continental Shelf portfolio and production profile, adds ~40 mmboe of reserves and >90 mmboe of un‑risked resource, and brings the Zennor team into NEO (raising combined headcount to over 180).

Related Acquisition Pages

Energy Buyers & Acquisitions 2 tracked deals by HitecVision. Telecommunications Buyers & Acquisitions 1 tracked deal by HitecVision.

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