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Kluge has advised on a major software/oil service transaction

The PE fund Norvestor announced on 10 January 2019 that it has entered into and closed an agreement to acquire 100 % of the shares of Wellit Holding AS from the founders, and with a reinvestment of 40 % of the shares.

Photo: Joshua Sortino/Unsplash

Wellit is a software company providing logistic software to operators and suppliers on the NCS and in other key oil and gas hubs around the world. A team from Kluge, led by partner Thomas Abrahamsen and attorneys Espen Debes and Trine Vabø, has during the fall and winter of 2018/2019 assisted the founders and shareholders of Wellit Holding in the transaction. Alpha Corporate Finance AS acted as financial advisor.

Further details can be found in the article from Dagens Næringsliv on dn.no (in norwegian).