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ØGREID AS Acquires Ramco Norway AS – Strengthening Their Focus on Industrial Operations
Florø, 24 June 2025 – Øgreid AS announces today that the company, through its subsidiary Verket Investering AS, has entered an agreement to acquire 100 % of the shares of Ramco Holding Norway and Ramco Norway AS from the UK-based company Ramco Pipetech Holdings Ltd.
Ramco is a leader in the care and maintenance of OCTG and has been delivering service excellence globally for more than 40 years. The company is known for its technological competence, and a strong, loyal customer base.
Eirik Ronold Mathisen, CFO and Partner in Øgreid, comments on behalf of the buyer:
“Øgreid invests in companies with proven profitability and skilled management. Over time, Ramco has demonstrated the ability to deliver strong results and is run by capable people with solid industry knowledge. With a loyal and satisfied customer base behind it, we strongly believe that Ramco will continue to create value for many years to come.”
With a history dating back to 1876, Øgreid AS is an active investor and business developer. The company work with a long-term perspective and aims to support companies in their further development for many years to come. The acquisition marks a strategic move for Øgreid AS, strengthening the group’s position in industrial operations with high expertise and growth potential.
The board of Ramco Pipetech Holdings Limited would like to thank Arild Moe and his team for building such a great business and establishing themselves as OCTG pipe management leaders in Norway. Øgreid have acquired a fabulous business and we wish the new owners and the Ramco Norway team a prosperous and successful future, says Russel Davies, CEO in Ramco Pipetech Holdings Limited.
Ramco Norway will continue to operate under the same name and management, and current employees will not be affected due to the change in ownership. Øgreid AS looks forward to supporting the company’s further expansion both in Norway and internationally.
The transaction was completed on 23 June 2025. Alpha Corporate Finance acted as advisor to Ramco.
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Ramco is a leader in the care and maintenance of OCTG and has been delivering service excellence globally for more than 40 years. Specializing in pipe care excellence™, Preparation of tubulars for offshore use, inspection, internal and external blast cleaning and protective coating of Oil Country Tubular Goods (OCTG), used in the exploration and production sector of the oil and gas industry.
