Portfolio
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Nature of Business
Vetco International was a major participant in the global oilfield sector, servicing all the major international, national and independent oil producers around the world. Vetco operated two subsidiaries: Vetco Gray, which designs and manufactures drilling and production equipment for both land and off-shore wells; and Vetco Aibel, which undertakes maintenance and modification work on existing oilfield infrastructure and builds new production facilities.
Vetco Grey was sold to GE in a €1.5bn deal in February 2007.
Aibel was sold to a Norwegian Private Equity Fund in June 2007 in a deal worth €670m.