Completion and intervention leader, Welltec A/S, has announced the acquisition of Autentik AS, a niche technology provider which specialises in electric wireline fishing and intervention solutions.
Autentik has a proven track record of delivering innovative solutions to its clients across the North America, Europe, Africa and the Middle East, and its expertise in downhole fishing will complement Welltec’s existing portfolio. With the acquisition, Welltec will be better positioned to serve its clients with the latest surface-controlled technology advancements and solutions. Together with Welltec’s manufacturing capabilities, the acquisition will bring an accelerated technology shift in how to conduct well access operations safely and efficiently.
Tommy Eikeland, CCO Welltec, said, “We are excited to welcome Autentik into the Welltec family. There is a mutual admiration for innovation and understanding of risk-taking which, to a certain level, is required when developing new technology. Together with their interventions expertise, this will add tremendous value and momentum to our organisation and enhance our ability to provide our clients with cutting-edge solutions.”
CEO of Autentik, Roy Kristiansen, commented, “This partnership will bring Autentik’s true passion for innovation and new solutions to transform wireline interventions together with Welltec’s global reach and market leadership in completion and intervention. This is a historic step in the life of Autentik, and a move that will benefit the clients and partners we work with.”
