Page 24 - Danish Offshore Industry 2015

MORE MUSCLE MEANS MORE OPPORTUNITIES ATP’s investment fund, Via Venture Partners, has invested in Q-star Energy now merged with VB Enter- prise and Apro Wind in the company All NRG. Thus, it is now a signifcant player when talking service to the offshore industry. From its start in 1993 and till now Q-star Energy has “To some extent it is a question of letting go one’s been involved in quite a lump of the market for services child in order for it to be able to fy even higher, and this to the offshore industry balancing its turn-over equally cooperation provides us with some really good perspec- between the Danish and the Norwegian markets. Dur- tives. Here, investments derive from a company known ing the busy summer period of 2013 that meant a staff to work in a decent way, and even if we had other of some 900, and this number is now expected to grow opportunities, one could say that it was important to us even more as the investment fund, Via Venture Partners, that the child was sent to the right school. That is the owned by the pension company ATP, has decided to case here, and it has been important to us, too, that all invest in Q-star Energy now having joined the company our employees can see themselves as a part of this con- All NRG together with VB Enterprise and Apro Wind struction. They were the people bought by the investors, – a move which according to co-owner and managing and they were the ones the investors were interested director Henrik Hansen will result in an even stronger in.” position. “We will be provided with extra capital in the market NO COUP for serving the oil and gas industry where we are Considering this last statement it is obvious that in the already strong, but this means new opportunities to near future no radical changes are to be expected, but in us. Perhaps we shall start looking more closely at the time synergies are likely to materialize. markets in the Netherlands and the UK, and we may be more active in the feld of renovation. Naturally, they are the segments we are considering just now, and when it comes to wind power we may grow, too, thanks to our partners, just like they may use us to get stronger in oil and gas. As an additional advantage we will get a new board of directors perhaps looking at things in a kind of WE WILL BE PROVID- a different way in order to contribute to more develop- ment,” explains Henrik Hansen, who has joined the ED WITH EXTRA CAPI- new merger that may lift Q-star Energy up into a higher sphere. TAL IN THE MARKET FOR SERVING THE OIL AND GAS INDUSTRY KEY FIGURES WHERE WE ARE ALREADY STRONG, MIO. DKK 2010 2011 2012 2013 RESULT BEFORE TAX 2.2 11.8 7.5 11.8 BUT THIS MEANS NEW OPPORTUNITIES TO US OWN CAPITAL 13.1 21.0 20.8 26.8 24 /MORE MUSCLE MEANS MORE OPPORTUNITIES