Petroleum Technology Company (PTC), founded in Norway in 2002, provides innovative gas lift, chemical injection and wellhead VR profile based monitoring, intervention and control solutions to the oil and gas industry worldwide. PTC has a staff of 116 employees with offices in Norway, UK, Abu Dhabi, US and Brazil. In addition, PTC works through partners in Oman and Saudi Arabia. PTC’s current client base includes many of the world’s largest and most demanding IOC’s and NOC’s.
In August 2013 Herkules Capital aquired a majority of the shares in PTC. As part of the transaction Herkules committed to inject NOK 120 million in capital, to ensure that the company has the resources required for future growth.
Herkules in brief
Herkules is Norway's leading private equity fund, with a total capital base of NOK 12.25 billion in committed capital from Norwegian and international investors. The funds invest in established companies with strong growth potential, either for organic growth or growth through acquisitions. Herkules focuses on companies based in the Nordic countries, primarily in Norway. Herkules acquires majority ownership positions in the companies and has strong experience of partnership with existing shareholders. Herkules has respect for the companies' history, and takes an industrial approach, focusing on long-term growth.