On 3 July 2023, Triton has signed an agreement with Bluewater Private Equity to acquire 100% of the shares in Techouse AS (“Techouse”) with the intention of bringing it under a group holding structure together with Cubility AS (“Cubility”).

Alpha Corporate Finance has acted as financial advisor to Bluewater Private Equity in the transaction.

Techouse is a leading technology enabler of decarbonization solutions to the offshore energy sector. The company’s expertise lies in delivering innovative water treatment and energy recovery technologies designed to increase energy efficiency by up to 70% and reduce CO2 emission by up to 25%. Techouse employs approximately 160 people, headquartered in Stavanger, Norway, and maintains additional offices in Norway, UK, France, and China.

“We are very excited about this new partnership. Both Cubility and Techouse share a commitment to provide innovative solutions that help clients improve both their efficiency and environmental footprint, by spearheading technology and engineering excellence. By joining forces, and with the support of a committed owner, we will leverage an innovation legacy and pioneering mindset to grow our businesses together”, says Svein Helge Pettersen, CEO Techouse.

Cubility specializes in filtration, solid control, and waste treatment solutions for various applications in the oil and gas industry. The company has been commercially delivering the MudCube since 2012 and has additionally launched the PureCube, catering to markets beyond oil and gas. The company’s mission is to deliver innovative technologies that exceed expectations for efficiency while addressing environmental impact of industrial activities.