Ferd Capital acquired 34% of Interwell

Ferd Capital, an Oslo, Norway-based private equity company, announced having made an investment in Interwell. The transaction has the financial details undisclosed and was made for 34% of the company's share capital from its founders and employees.

At the same time, Jo Lunder became Chairman of the Board, Helge Hellebust joined the Board as a member and Morten Borge was appointed as interim CFO for Interwell and took on a 100% operational role in the company.

Interwell, based in Stavanger, is a leading Norwegian supplier of high-technology well solutions for the international oil and gas industry, offering innovative high-tech plug and packer solutions for downhole applications. The company has its focus on development of new products in addition to performing operations offshore and onshore and its most important market is the Norwegian continental shelf. In recent years it has also established a presence in a number of important international markets, both in Europe and the Middle East

Interwell’s products and services are principally used in the production phase, and play an important role in oil companies’ efforts to secure their wells and to increase the recovery rate on existing oil and gas fields