HAVN Capital agrees Enhanced Drilling sale to Expro Group

Stavanger, 12 May 2026 – HAVN Capital Fund I has entered into an agreement to sell Enhanced Well Technologies Group AS ("Enhanced") to Expro Group Holdings N.V. (NYSE: XPRO), in a transaction announced by Expro on 5 May 2026. The transaction is subject to customary closing conditions and is expected to close in the third quarter of 2026. On completion, it will be the fourth and final realisation of HAVN Capital Fund I.

HAVN backed Enhanced in July 2019, recognising the company's decarbonisation potential. Over the seven-year partnership Enhanced approximately doubled in size, completed the bolt-on of IKM Cleandrill, welcomed Shell and Transocean as strategic shareholders, and signed a first-of-its-kind five-year frame agreement with Equinor.

Greg Herrera, Senior Partner at HAVN Capital, said:

"Kjetil and the team have built one of the most respected technology franchises in offshore well construction. Joining Expro is the right next chapter, and we are confident the technology will reach a far wider set of basins under their ownership. On behalf of HAVN, thank you to Kjetil, Lars and the whole Enhanced team for an exceptional partnership."

About Enhanced

Enhanced Well Technologies Group AS, trading as Enhanced Drilling, is a Norway-headquartered technology business with offices in Bergen, Houston and Welshpool, Western Australia.

Press contact

HAVN Capital: Jackie Burke | jb@havncapital.com