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Wellit to receive majority investment from Norvestor

Norvestor Equity AS agreed to make a majority investment in Wellit AS through its Norvestor VII LP and Norvestor VII OS LP funds.

The private equity firm, which targets lower mid-market buyouts in the Nordic region, will own a 60% stake in Wellit. The remaining stake will be held by Wellit's founders and management team.

Wellit provides logistics software solutions for the global oil-and-gas industry, particularly operators on the Norwegian continental shelf, several global international oil companies and global service providers.