About SPT Group

SPT Group was founded in 1971 through the research institute, IFE (Institute for Energy Technology).

Today, the company provides world leading proprietary dynamic flow assurance solutions and reservoir modeling technology for the Oil and Gas industry. A majority stake in SPT was acquired by Altor in July 2006, with the previous owners, led by HitecVision Private Equity, maintaining a 30% stake.

 The main product, OLGA, is the market leading dynamic flow assurance software. SPT also provides software products in online monitoring of oil and gas pipelines (EDPM), drilling (Drillbench) and reservoir modeling (MEPO).

 The company is headquartered in Norway and has additional established sales offices in London, Hamburg, Milan, Moscow, Houston, Dubai, Perth, Mexico City and Kuala Lumpur as well as representatives in Africa and SE Asia.

Altor's investment thesis is based on that the oil and gas players need SPT's software to develop fields further offshore, extract more oil, and manage production when approaching the tail end of their fields. SPT is growing its international presence to reach new customers in new geographical regions and the company is also expanding its product range to provide further growth.

Altor is working closely with SPT's management to access and develop the company's full potential. Further value is added through the board, which is comprised of highly knowledgable people from the oil and gas industry.