HitecVision sells Knowledge

HitecVision, the Norwegian specialist private equity firm in the oil and gas sector, is to sell Knowledge Systems, a US provider of combined geopressure and geomechanical analysis software and services, to Halliburton.

The company, headquartered in Sugar Land, Texas, has approximately 90 employees and offices in Sugar Land, Perth, Australia, and Guildford, UK. It was acquired by HitecVision’s third fund in 2004.

Halliburton has acquired Knowledge Systems through Landmark, a product service line of its drilling and evaluation division.