Norvestor acquired a 60% stake in Wellit, a logistics software provider.

Norvestor Equity have signed an agreement to invest in Wellit. Norvestor will become the majority shareholder in Wellit holding 60%, while founders and management will hold the remaining shares. Financial terms were not disclosed. “Norvestor is truly excited to have joined forces with this strong management team of a great and innovative company. Coming from a long career within oil and gas, I see great potential in Wellit to change industry dynamics, way of working and save operator and supplier costs. We look forward to working with the team and support the continued expansion and development of Wellit.” Erling Gunnerod, Norvestor Partner.