Moreld, which provides services to oil firms offshore and other marine industries had an estimated revenue of 5 billion crowns ($481.70 million) in 2023, HitecVision said in a statement.
McIntyre Partners said in a separate statement the acquisition would provide it opportunities to benefit from investments in offshore activities, including field-life extensions, decarbonisation and renewables.
Moreld's management and Velocity Partners, a newly formed specialist private equity firm, will hold minority stakes in the company, it added.
($1 = 10.3799 Norwegian crowns)
(Reporting by Nerijus Adomaitis, editing by Terje Solsvik)
