Private · Company · Aksjeselskap
Hitecvision AS
979 598 122 ↗Other investment companies, except captive companies · NACE 64.312Stavangerwww.hitecvision.com ↗was HITECVISION PRIVATE EQUITY AS →2008
↳ Brreg · companies
Employees—
CEO · sincePål Magnus Reed 2026-04
Chair · sinceLeif Johan Sevland 2024-04
BOARD · 9 ROLES
Roles from Brreg, shown for business contact only. No birth date is shown or exported (purpose limitation, GDPR Art. 6(1)(f)).
Brreg · company_people
| 2024 | 2025 | ||
|---|---|---|---|
| Revenue | kr 248M | kr 498.4M | |
| Operating result | kr 243.9M | kr 488.2M | |
| Net result | kr 228.2M | kr 474.6M |
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | ||
|---|---|---|---|---|---|---|---|
| Revenue | kr 248M | kr 498.4M | |||||
| Operating result | kr 243.9M | kr 488.2M | |||||
| Net result | kr 228.2M | kr 474.6M |
Total assets kr 538.6MEquity kr 284.2M
Regnskapsregisteret · company_revenue · FY2025 (company)
accounts_filed: sisteInnsendteAarsregnskap2024 -> 2025Registry · 2026-07-15
| 2024 | 2025 | ||
|---|---|---|---|
| EFØY KAPITAL AS | 33 | 33 | — |
| WATRIUM AS | 30 | 30 | — |
| HV CAPITAL AS | 8 | 8 | — |
| C 3 HOLDING NORWAY AS | 8 | 8 | — |
| PACTUM VEKST AS | 5 | 4 | — |
| PACTUM AS | — | — | — |
| SKAGEN VEKST VERDIPAPIRFOND | 4 | 4 | — |
| SURFSIDE HOLDING AS | 2 | 2 | — |
| VARNER EQUITIES AS | 0 | 1 | — |
| GLASTAD CAPITAL AS | 1 | 1 | — |
| + 76 smaller holders |
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | ||
|---|---|---|---|---|---|---|---|
| EFØY KAPITAL AS | 33 | 33 | 33 | 33 | 33 | 33 | — |
| WATRIUM AS | 30 | 30 | 30 | 30 | 30 | 30 | — |
| HV CAPITAL AS | 8 | 8 | 8 | 8 | 8 | 8 | — |
| C 3 HOLDING NORWAY AS | 8 | 8 | 8 | 8 | 8 | 8 | — |
| PACTUM VEKST AS | — | 5 | 6 | 6 | 5 | 4 | — |
| PACTUM AS | 5 | — | — | — | — | — | — |
| SKAGEN VEKST VERDIPAPIRFOND | 4 | 4 | 4 | 4 | 4 | 4 | — |
| SURFSIDE HOLDING AS | 1 | — | 1 | 1 | 2 | 2 | — |
| VARNER EQUITIES AS | — | 0 | 0 | 0 | 0 | 1 | — |
| GLASTAD CAPITAL AS | 1 | 1 | 1 | 1 | 1 | 1 | — |
| + 76 smaller holders |
Aksjonærregisteret · company_ownership · 2025 · both directions
PACTUM VEKST AS acquired 5.5 pctNew owner · 2021-12-31
PACTUM AS exited (held 5.5 pct)Owner exit · 2021-12-31
| 2024 | 2025 | 2026 | |
|---|---|---|---|
| auditor DELOITTE AS 2026-06-25 | ● | ||
| accountant — |
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|
| auditor DELOITTE AS 2026-06-25 | ● | ||||||
| accountant — |
Brreg · company_org_roles
No recorded tender wins.
Relevant open tenders — matched NACE 64.312 ↔ CPV
subscribers sharpen matches with per-company keywords
open-tender matching (NACE ↔ CPV) awaits Intelligo's open-tenders view
Doffin/TED · company_tender_wins · 2026-08-14
No job ads on record in the last 12 months.
NAV Arbeidsplassen · company_job_ad_months
Web · company_sites
Owns ↓ · 1 subsidiary
Holds stakes in 8 companies
HCHV Capital Iv AS49.0%HCHV Capital AS49.0%HCHV Capital Hvas AS40%HCHV Capital Vii AS24.7%HCHV Capital Nef 2 AS24.3%HCHV Capital Nsof AS24.3%HCHV Capital Nef AS23.4%HCHV Capital Vi AS7.8%
Portfolio · resolved to end-investments
Show flat listOwnership followed through every holdco layer — you land on the operating company, not the shell. Effective stake = product along the chain.
CompanyStakeRevenueResultEmpLast event
Aksjonærregisteret edges · portfolio_edges · latest cap table
■ end-investment — an operating company● pass-through holdcoeffective stake = product along the chain
Claimed on the fund's own website77
What the fund itself lists as its portfolio. These are the fund's claims, not register facts, and many sit behind foreign vehicles the shareholder register cannot see.
29 of 77 claims resolve to Norwegian companies · 5 also appear on this fund's register portfolio
largest holder: BAKKEWEST AS · 100%
largest holder: AGILITY GROUP AS · 100%
largest holder: ANEO RENEWABLES HOLDING AS · 100%
largest holder: MORE HOLDCO APPLY AS · 100%
largest holder: MORE HOLDCO APPLY AS · 100%
also in the register
largest holder: ASSET BUYOUT PARTNERS INVEST AS · 100%
also in the register
largest holder: GLOBAL MARITIME GROUP AS · 100%
largest holder: HAFSLUND AS · 55.8%
largest holder: ALTIBOX CARRIER HOLDING II AS · 100%
largest holder: DALMO HOLDING AS · 98.8%
largest holder: CITIBANK (SWITZERLAND) AG · 29.8%
largest holder: OCEAN INSTALLER II AS · 100%
also in the register
largest holder: BIOKRAFT HOLDING AS · 100%
—
largest holder: BRENT HOLDING AS · 100%
largest holder: TEKNISK BUREAU ENGROS AS · 100%
largest holder: TROMS OFFSHORE SUPPLY AS · 100%
largest holder: ENI INTERNATIONAL BV · 63.0%
also in the register
also in the register
APL
Leirvik
Align
All Funds
Aluminium Offshore
CapeOmega
Celsio
DeepWell
eDrilling
Emtunga Solutions
Energy Holdings
and 37 more claims
Portfolio timeline71 companies
ANEO HOLDING AS — accounts_filed: last_annual_accounts_year2024 -> 2025Registry · 2026-08-14
CADRE AS — accounts_filed: last_annual_accounts_year2024 -> 2025Registry · 2026-08-13
WELLPARTNER AS — employees_change: employees47 -> 49Registry · 2026-08-13
PIONS AS — employees_change: employees13 -> 11Registry · 2026-08-13
ARBION INDUSTRIES AS — employees_change: employees45 -> 44Registry · 2026-08-12
CADRE AS — employees_change: employees11 -> 10Registry · 2026-08-12
CADRE GROUP AS — accounts_filed: last_annual_accounts_year2024 -> 2025Registry · 2026-08-11
VÅRGRØNN AS — capital_change: share_capital1100000 -> 1200000Registry · 2026-08-07
REMOLD HOLDING AS — address_change: post_code4020 -> 4024Registry · 2026-08-06
REMOLD HOLDING AS — address_change: addressJåttåvågveien 7 -> Stokkaveien 18Registry · 2026-08-06
REMOLD HOLDING AS — address_change: postal_addressPostboks 8120Registry · 2026-08-06
REMOLD HOLDING AS — address_change: postal_post_code4068Registry · 2026-08-06
REMOLD HOLDING AS — address_change: postal_post_placeSTAVANGERRegistry · 2026-08-06
REMOLD HOLDING AS — contact_change: emailcvorpenes@gmail.comRegistry · 2026-08-06
HV NEF2 INVEST EPSILON AS — capital_change: share_capital39000 -> 42000Registry · 2026-08-05
HV NEF2 INVEST EPSILON II AS — capital_change: share_capital39000 -> 42000Registry · 2026-08-05
SAMPI RENEWABLES AS — accounts_filed: last_annual_accounts_year2024 -> 2025Registry · 2026-08-03
CADRE ELVEKRAFT AS — accounts_filed: last_annual_accounts_year2024 -> 2025Registry · 2026-08-03
CADRE PPA 1 AS — accounts_filed: last_annual_accounts_year2024 -> 2025Registry · 2026-08-03
HV NEF2 INVEST TAUNUS AS — capital_change: share_capital39000.00 -> 42000.0Registry · 2026-07-29
HV NEF2 INVEST TAUNUS II AS — capital_change: share_capital39000.00 -> 42000.0Registry · 2026-07-29
TERESOFT AS — capital_change: share_capital41078077.00 -> 78429500.0Registry · 2026-07-29
TERESOFT AS — capital_change: number_of_shares41078077 -> 78429500Registry · 2026-07-29
ANEO HOLDING 2 AS — capital_change: share_capital45000.00 -> 48000.0Registry · 2026-07-28
REMOLD HOLDING AS — liquidation: under_liquidationTrue -> FalseRegistry · 2026-07-25
VÅRGRØNN AS — employees_change: employees40 -> 39Registry · 2026-07-25
ARBION INDUSTRIES AS — employees_change: employees43 -> 45Registry · 2026-07-25
SKYGARD AS — employees_change: employees28 -> 29Registry · 2026-07-25
WELLPARTNER AS — employees_change: employees46 -> 47Registry · 2026-07-25
ANEO HOLDING 2 AS — accounts_filed: sisteInnsendteAarsregnskap2024 -> 2025Registry · 2026-07-24
WELLPARTNER AS — accounts_filed: sisteInnsendteAarsregnskap2024 -> 2025Registry · 2026-07-24
ANEO RENEWABLES HOLDING AS — accounts_filed: sisteInnsendteAarsregnskap2024 -> 2025Registry · 2026-07-23
VÅRGRØNN NORTH SEA WIND AS — accounts_filed: sisteInnsendteAarsregnskap2024 -> 2025Registry · 2026-07-23
ANEO PRODUCTION HOLDING AS — accounts_filed: sisteInnsendteAarsregnskap2024 -> 2025Registry · 2026-07-23
HP STADIONBLOKK A AS — accounts_filed: sisteInnsendteAarsregnskap2024 -> 2025Registry · 2026-07-23
HV CAPITAL EIENDOM AS — accounts_filed: sisteInnsendteAarsregnskap2024 -> 2025Registry · 2026-07-23
REMOLD HOLDING AS — liquidation: underAvviklingTrue -> FalseRegistry · 2026-07-23
REMOLD HOLDING AS — accounts_filed: sisteInnsendteAarsregnskap2024 -> 2025Registry · 2026-07-23
WELLPARTNER AS — employee_change: antallAnsatte46 -> 47Registry · 2026-07-18
WELLPARTNER AS — field_change: registreringsdatoAntallAnsatteNAVAaregisteret2026-06-10 -> 2026-07-10Registry · 2026-07-18
Showing the 40 most recent events
Skiwo · company_events
From the annual report
AUDITORDeloitte AS
OPINIONNo reservations
DIVIDENDkr 502.6M
STAFF64 full-time equivalents
24 notes from the report
Audit opinion Deloitte AS issued an unmodified opinion on both the company and group accounts for 2025.
girselskapsregnskapetetrettvisendebilde avselskapetsfinansielle stillingper 31.desember 2025Going concern The board confirms the going-concern assumption is applied in preparing the accounts.
I samsvarmed regnskapslovensS3-3 bekreftes det at forutsetning om fortsatt drift er lagt til grunnOwnership The company had 191 registered shareholders at year-end and is listed on the NOTC market.
Pr. 31.12.2025 hadde HitecVision 191registrerte aksjonaerer. Selskapets aksjer er notert paOwnership Note 7 lists the largest shareholders at 31.12.25, headed by Efey Kapital AS (32,93 %) and Watrum AS (29,94 %).
De sterste aksjonaerene I selskapet pr 31.12.25 var:Share capital Share capital is NOK 332 687 divided into 18 967 318 shares, all in one class with equal voting rights.
Alle aksjene er i samme aksjeklasse, hvor hver aksjer gir ik stemmerett.Dividend An extraordinary dividend of NOK 502 633 927 was resolved on 03.07.2025 and already paid.
Ekstraordinaert utbyte vedtat 03.07.2025Dividend The board reports total dividends of about NOK 652 million distributed during 2025.
Gjennom 2025 dannet dette grunnlag for utbetaling av utbytter pa totalt 652 millionerRelated party CEO Pål M Reed and board member Ole Ertvaag hold indirect ownership interests via HV Capital AS and Efey Kapital AS.
Daglig leder Pal M Reed og styremedlem Ole Ertvaag har indirekte eierintereseri selskapet via HV Capital AS og Efey Kapital AS.Related party Transactions with related parties (advisory/management fees from HitecVision funds) are stated to be on market terms.
Alle disse transaksjonene er pa markedsvilkar.Remuneration The CEO has no share-based remuneration or defined-benefit pension in the company.
Daglig leder har ike noen aksjebaserte godtgjerelser eller ytelsesbaserte pensjonsordninger I selskapet.Staff numbers The group employed 64 man-years in 2025 (67 in 2024).
Antall arsverk sysselsattiregnskapsaret 64 67Loan or financing The bank loan agreement contains a covenant limiting net debt to 20 % of the fair value of the company's assets.
Ihenhold tilaneavtalen mellom selskapet og deres bankforbindelse sa skal selskapet til enhver tid serge for at netto lan ikke overstiger 20% avImpairment The parent company recorded write-downs of financial fixed assets of NOK 26 027 776 (2024: NOK 66 533 876).
forselskapet nedskrlvninger av finansielle anleggsmidlerpa 26 027 776 (2024:66 533 876).Subsidiary HitecVision Advisory AS and HitecVision Advisory UK Ltd are consolidated in the group accounts.
Felgende selskaper er konsolidert i konsemregnskapet, HitecVision Advisory AS og HitecVision Advisory UK Ltd.Post balance sheet event In February 2026 HitecVision decided to close its Milan office after a strategic review.
Ifebruar2026besluttet HitecVisiona avviklekontoretiMilanoetter en strategiskgjennomgang.Sale process In May the group completed the sale of Hav LNG to the management company Apollo.
I mai gjennomforte vi salget av Hav LNG tilforvaltningsselskapet Apollo.Sale process In February 2026 HitecVision sold down 30 % of its shareholding, with the intention of further realisations over time.
Ifebruar 2026 gjennomforte HitecVision et nedsalg pa 30 % av sin aksjepost, medSale process A further merger with TotalEnergies' UK oil and gas business was announced.
annonsertevienytterligerefusjonmedTotalEnergies sinoljeoggassvirksomhetiUK.Post balance sheet event The acquisition of 32 % of the Culzean field was completed in January 2026.
32% av Culzeanfeltet ble sluttfort ijanuar 2026.Post balance sheet event The acquisition of Swedish renewables company Arise was completed, with the company delisted in January 2026.
gjennomforte oppkjopet av det svenske fornybarselskapet Arise, som ble tatt avbors i januar 2026.Other Restricted tax withholding deposits amount to NOK 2 383 in the company and NOK 10 203 946 in the group.
Bankinnskudd iselskapsregnskapet omfatter bundne skatetrekksmidler med NOK 2.383 og I konsermregnskapet med NOK 10.203.946.Other Note 15 discloses HitecVision's remaining investment commitments to the HitecVision funds, held directly and indirectly via associates.
HitecVisions inesteringsforpliktelser per 3.12.2025tiHitecVision-fondene, eid direkte pa egen balanse og eid indirekte via cierandele tlknyttede selskap.Other Group sickness absence was 1 % in 2025 and the group has whistleblowing arrangements.
sykefravaer pa 1%.Konsernet har gode varslingsordninger.Other A directors' and officers' liability insurance runs for 12 months with main renewal on 1 April.
Forsikringsavtalens hovedforfall er 1. april og loper i 12 maneder.Regnskapsregisteret (årsberetning) · company_annual_reports
From the FY2025 accounts
FILEDAccounts filed for FY2025.
AUDITAudited by DELOITTE AS.
GROUPFiles as a parent with 1 subsidiaries.
BALANCEEquity kr 284.2M.
Regnskapsregisteret + Brreg roles · the filed accounts form. What the board wrote around the figures is in the annual report block.
registered 1998-02-13contact@hitecvision.com · 51 20 20 20
Brreg · companies
accounts_filed: sisteInnsendteAarsregnskap2024 -> 2025Registry · 2026-07-15
Audit opinionDeloitte AS issued an unmodified opinion on both the company and group accounts for 2025. — girselskapsregnskapetetrettvisendebilde avsel...Annual report · 2025-12-31
Going concernThe board confirms the going-concern assumption is applied in preparing the accounts. — I samsvarmed regnskapslovensS3-3 bekreftes det at...Annual report · 2025-12-31
OwnershipThe company had 191 registered shareholders at year-end and is listed on the NOTC market. — Pr. 31.12.2025 hadde HitecVision 191registrer...Annual report · 2025-12-31
OwnershipNote 7 lists the largest shareholders at 31.12.25, headed by Efey Kapital AS (32,93 %) and Watrum AS (29,94 %). — De sterste aksjonaerene...Annual report · 2025-12-31
Share capitalShare capital is NOK 332 687 divided into 18 967 318 shares, all in one class with equal voting rights. — Alle aksjene er i samme aksjekl...Annual report · 2025-12-31
DividendAn extraordinary dividend of NOK 502 633 927 was resolved on 03.07.2025 and already paid. — Ekstraordinaert utbyte vedtat 03.07.2025Annual report · 2025-12-31
DividendThe board reports total dividends of about NOK 652 million distributed during 2025. — Gjennom 2025 dannet dette grunnlag for utbetaling a...Annual report · 2025-12-31
Related partyCEO Pål M Reed and board member Ole Ertvaag hold indirect ownership interests via HV Capital AS and Efey Kapital AS. — Daglig leder Pal M...Annual report · 2025-12-31
Related partyTransactions with related parties (advisory/management fees from HitecVision funds) are stated to be on market terms. — Alle disse transa...Annual report · 2025-12-31
RemunerationThe CEO has no share-based remuneration or defined-benefit pension in the company. — Daglig leder har ike noen aksjebaserte godtgjerelser...Annual report · 2025-12-31
Staff numbersThe group employed 64 man-years in 2025 (67 in 2024). — Antall arsverk sysselsattiregnskapsaret 64 67Annual report · 2025-12-31
Loan or financingThe bank loan agreement contains a covenant limiting net debt to 20 % of the fair value of the company's assets. — Ihenhold tilaneavtalen...Annual report · 2025-12-31
ImpairmentThe parent company recorded write-downs of financial fixed assets of NOK 26 027 776 (2024: NOK 66 533 876). — forselskapet nedskrlvninger...Annual report · 2025-12-31
SubsidiaryHitecVision Advisory AS and HitecVision Advisory UK Ltd are consolidated in the group accounts. — Felgende selskaper er konsolidert i kon...Annual report · 2025-12-31
Post balance sheet eventIn February 2026 HitecVision decided to close its Milan office after a strategic review. — Ifebruar2026besluttet HitecVisiona avviklekont...Annual report · 2025-12-31
Sale processIn May the group completed the sale of Hav LNG to the management company Apollo. — I mai gjennomforte vi salget av Hav LNG tilforvaltning...Annual report · 2025-12-31
Sale processIn February 2026 HitecVision sold down 30 % of its shareholding, with the intention of further realisations over time. — Ifebruar 2026 gj...Annual report · 2025-12-31
Sale processA further merger with TotalEnergies' UK oil and gas business was announced. — annonsertevienytterligerefusjonmedTotalEnergies sinoljeogga...Annual report · 2025-12-31
Post balance sheet eventThe acquisition of 32 % of the Culzean field was completed in January 2026. — 32% av Culzeanfeltet ble sluttfort ijanuar 2026.Annual report · 2025-12-31
Post balance sheet eventThe acquisition of Swedish renewables company Arise was completed, with the company delisted in January 2026. — gjennomforte oppkjopet av...Annual report · 2025-12-31
OtherRestricted tax withholding deposits amount to NOK 2 383 in the company and NOK 10 203 946 in the group. — Bankinnskudd iselskapsregnskape...Annual report · 2025-12-31
OtherNote 15 discloses HitecVision's remaining investment commitments to the HitecVision funds, held directly and indirectly via associates. —...Annual report · 2025-12-31
OtherGroup sickness absence was 1 % in 2025 and the group has whistleblowing arrangements. — sykefravaer pa 1%.Konsernet har gode varslingsord...Annual report · 2025-12-31
OtherA directors' and officers' liability insurance runs for 12 months with main renewal on 1 April. — Forsikringsavtalens hovedforfall er 1. ...Annual report · 2025-12-31
PACTUM VEKST AS acquired 5.5 pctNew owner · 2021-12-31
PACTUM AS exited (held 5.5 pct)Owner exit · 2021-12-31
Skiwo · company_events