EV Private Equity, which focuses on the energy sector, has acquired a majority stake in Tønsberg-based Trainor, a Norwegian training platform used by the global energy, renewables, power and grid, and maritime industries.

The company is Norway’s largest training company in electrical safety and says with new owners, it will expand in the Nordic region, with the renewable industry as an important focus area.

Trainor says for a number of years it has received thousands of course participants from all over the country. At the same time, it has built up a portfolio of specialised and modern e-learning courses, dedicated to safety related to work in and at electrical installations both on land and offshore. The courses provide internationally recognised accreditation and ensure that employees in complex and dangerous work environments can do their job safely and efficiently. Trainor has also developed a proprietary e-learning platform and digital solutions for the broader energy industry.

Stian Martinsen, general manager of Trainor Elsikkerhet, said: “The founders and employees behind Trainor have built up a solid company and a fantastic workplace. The new owners give us the opportunity to grow further in Norway and in the Nordics, and provides the company with important expertise and experience in starting and developing companies with high growth in new global markets.”

Peter Svarrer, new chairman of the board of Trainor Elsikkerhet, says in connection with EV Private Equity’s investment: “As a company with a strong Norwegian heritage and a global network, EV Private Equity is the ideal partner to support Trainor’s next phase of growth. This investment provides an exciting opportunity for Trainor to grow in the Nordic region, as well as in the emerging renewable energy sector.”

EV Private Equity is based in Stavanger, Norway.

Date published: 28 July 2020

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