HitecVision is pleased to announce the sale of Technor Safe Ex AS to BARTEC, the leading industrial technology safety company. HitecVision has over the past four years consolidated Safe Ex’s position in the Norwegian market and is now handing over a company poised for growth in Norway and internationally.
In 2006 HitecVision acquired 100% of the shares in Technor ASA in a public to private transaction. Since the acquisition, Safe Ex has operated as an independent company within Technor, consolidating its market leader position in the in the market for Ex rated equipment to the Norwegian oil and gas industry. In order to internationalise its well recognised product suite, HitecVision has been looking to make the company part of a larger group. BARTEC has a complementary product and geographic fit, and will be a good new home for the company. The acquisition will allow BARTEC to further expand its business activities in Norway and other Scandinavian countries, as well as in the oil & gas offshore industry worldwide.
BARTEC is one of the world’s leading system providers of industrial safety technology. The company’s products and services are used wherever there is a potential risk of explosion due to hazardous substances such as flammable liquids, gases and dusts. The company has an international presence, with production sites in Germany, Switzerland, Norway, UK, Slovenia and China, sales units in 28 countries and more than 50 sales partners. The group employs around 1,400 people worldwide.