\u201cThis acquisition further strengthens our position within valves \u2013 an area where we already have a
\nstrong presence in the Swedish market. At the same time, we are gaining new expertise in field in-
\nstrumentation and fire and gas detection, and establishing a presence in these areas in Norway.
\nH\u00e5land Instrumentering has a clear focus on the process industry and delivers solutions that im-
\nprove operations, reduce lifecycle costs, and extend the lifespan of existing facilities, particularly in
\nthe oil and gas sectors. In addition, they offer solutions within green technology, such as carbon
\ncapture, which is one of several areas where we see growth potential going forward,\u201d says Martin
\nGyllix, Head of Flow Technology at Momentum Group.<\/p>\n
Founded in 1999, H\u00e5land Instrumentering is a leading supplier of solutions within valves, field instru- \u201cWe have built H\u00e5land Instrumentering into a leading player in our niche, serving professional end \u201cWe look forward to becoming part of Momentum Group, which shares our focus on quality, tech- The closing is expected to take place during the second quarter of 2025, and the acquisition is ex-
\nmentation, and fire and gas detection to end customers, system integrators, and manufacturers in
\nthe Norwegian energy and engineering sectors. The company offers a broad range of products and
\nservices in three areas: valves<\/strong> for instrumentation and process applications, field instrumentation<\/strong>
\nsuch as pressure, temperature, level, and flow instruments; and fire and gas detection<\/strong> including
\ngas and flame detectors and alarm equipment. The company provides complete project deliveries
\nin these areas and works with reputable manufacturers of quality products, also offering after-sales
\nservice. H\u00e5land Instrumentering has an annual turnover of approximately NOK 137 million and some
\n20 employees, with sales and workshop operations based in Stavanger.<\/p>\n
\nusers along the Norwegian west coast. With strong long-term customer and supplier relationships,
\nnow is a good time to take the next step together with Momentum Group,\u201d says Terje H\u00e5land,
\nfounder and principal owner of H\u00e5land Instrumentering, who will remain a shareholder and member
\nof the company\u2019s board following the acquisition.<\/p>\n
\nnical expertise, and our core values \u2013 to take responsibility, make a difference, and simplify things
\nfor our customers. Our strength lies in the combination of our three product areas \u2013 allowing us to
\noffer unique, integrated solutions. We are currently the only company in Norway to offer valves, in-
\nstrumentation, and fire & gas detection under one roof,\u201d says Kjell Magne Aase, CEO of H\u00e5land In-
\nstrumentering.<\/p>\n
\npected to have a marginal positive impact on Momentum Group\u2019s earnings per share in the current
\nfinancial year.<\/p>\n