Reiten & Co buys Competentia
Reiten & Co has taken a majority stake in Norwegian oil and gas consultancy Competentia.
Equity invested from Reiten & Co Capital Partners VII gave it a 51% shareholding in the company, whilst founders kept a 49% stake.
Company
Competentia, established in 1998, provides project management and engineering services to the oil and gas industry in Europe, Africa, the Americas, and Asia-Pacific regions. Based in Stavanger, Norway, the company employs around 400 staff and recorded NOK 1bn revenues in 2011.
People
Partner Bård Brath Ingerø worked on the deal for Reiten & Co.
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