“This is a great transaction for all Suretank stakeholders and most particularly for our esteemed customer base,” said Patrick Joy, Executive Chairman of Suretank. “We have established Suretank as the leading global supplier of tanks and CCUs (Cargo Carrying Units) to the offshore oil and gas industry and are excited that HitecVision recognizes our best in class customer service and quality standards, our world class operations and our 750 hard-working and dedicated employees. It will be business as usual — only better — at Suretank. We do not anticipate any changes in how we do business operationally throughout our global operations but will continue to strive for continued improvements in all aspects of our customer centered solutions. We welcome on board an active investor that shares our belief in global opportunities and our commitment to the highest standards of customer service and product safety and quality to our many respected clients in the offshore industry.”
“We are delighted to have reached this agreement with Suretank,” said HitecVision Senior Partner Pål Reiulf Olsen. “HitecVision’s background from the oil and gas industry enables us to create value by partnering with entrepreneurial managers to build substantial and sustainable companies. We look forward to working closely together with the management team and employees at Suretank to continue to service the demands of the offshore oil and gas sector and with our shared expertise and leadership, we look forward to accelerating a global expansion strategy for Suretank.”