NORWAY - HitecVision and Statoil Innovation sell Pure Group to Torr Canada

Statoil Innovation and HitecVision Private Equity have sold Pure Group, a oil and gas purification company, to publicly-listed Torr Canada, a extractor of hydrocarbons from upstream oil and gas produced water. The two investors believed an industrial buyer would be the best partner to secure growth and continued international expansion for Pure Group. The two companies have compatible technologies and, combined will offer a significantly broadened product portfolio.