On 21 April 2022, Herkules IV entered into an agreement to sell PTC, a global provider of downhole and wellhead technology products, to Interwell. Interwell is privately held provider of oilfield technology products, headquartered in Stavanger, Norway. Intwerell is owned by Ferd and the Interwell management.
On 15 December 2021, the shareholders of PSW Holding I (“PSW”) entered into an agreement to sell 100% of the shares in the company to Scana ASA (“Scana”), as part of an industrial merger. Scana is a listed provider of equipment and services to the maritime industry, with a market capitalisation of NOK 195 million.