Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/financial/money/arnlea-set-for-international-expansion-through-pri.shtmlArnlea set for international expansion through private equity backed management buy-out
Arnlea Systems (Arnlea), the asset management provider in the North Sea, has received a £5.5 million
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Arnlea Systems (Arnlea), the asset management provider in the North Sea, has received a £5.5 million investment package from a combination of NVM Private Equity and management as part of a buy-out. The investment will provide the firm with capital to fund product development and international expansion.
Arnlea targets the global upstream oil and gas industry, helping operators, offshore floating systems and drilling companies to optimise their inspection and repair processes, ensure compliance with industry regulations, and manage asset integrity during the entire lifecycle. The deal included NexusAB, Arnlea’s partner company, which provides integrated quality assurance and technical inspection technology.
