Stavanger, Norway – [30/10/2026] – Marwell Holding AS is pleased to announce the acquisition of Multidesign Engineering AS (MDES), a highly regarded Norwegian engineering and consulting company specializing in downhole tool design, mechanical engineering, project management, and technology development for the energy sector.
The acquisition represents a significant milestone in the groups growth strategy, bringing together the portfolio companies’ completions and intervention expertise with MDES’s extensive engineering capabilities and experience in designing, developing, testing, and commercializing downhole technologies. MDES has built a strong reputation for delivering high-quality engineering solutions, particularly within well completion technologies, supported by decades of industry experience.
A Stronger Platform for Innovation
By combining the strengths of both organizations, Marwell Group will further enhance its ability to develop proprietary technologies, deliver integrated solutions to operators, and support customers throughout the full lifecycle of well construction, completion, intervention, and production optimization.
Leadership Comment
Mike Williamson, CEO of Marwell Group, said:
“The acquisition of MDES represents a natural and exciting next step in our evolution. Engineering innovation has always been at the heart of our business, and the MDES team brings exceptional technical expertise, industry experience, and a proven track record of turning ideas into commercial solutions. Together, we will strengthen our ability to develop differentiated technologies, respond faster to customer needs, and create greater value for operators across the energy sector.”
He added:
“We are particularly excited to welcome such a talented group of engineers into the Marwell family. The cultural fit between our organizations is excellent. Both companies share a passion for solving complex challenges, delivering high-quality solutions, and supporting customers through innovation.”
Kristoffer Brække, General Manager of MDES, said:
“Since founding MDES, our goal has always been to transform ideas into practical, high-quality engineering solutions. Marwell’s entrepreneurial culture, strong customer focus, and ambition to challenge conventional thinking make them a natural partner for us.
This acquisition allows us to take our engineering capabilities to the next level while preserving the values and technical excellence that have defined MDES. Most importantly, it creates new opportunities for our employees, our customers, and the technologies we are developing. We are delighted to join forces with Marwell and help shape the future of completion and intervention technology.”
About Marwell Holding AS
Marwell Holding is the parent entity to several energy industry companies based in Norway and operating internationally. The portfolio companies include:
Marwell AS, a Norwegian energy services company specializing in integrated completion and intervention solutions in the Norwegian market.
Extender AS, specialist non-metallic tubular technology company specializing in lightweight, corrosion-resistant carbon fiber tubular solutions for energy applications.
Marwell Products AS, a lower completions technology company providing tools which maximize production and save rig time by reducing complexity.
About Multidesign Engineering AS
Multidesign Engineering AS (MDES) is an independent engineering and consulting company specializing in downhole tool design, well completion and intervention technology, mechanical engineering, project management, product qualification, and technology development. The company has extensive experience supporting energy industry clients through concept development, detailed engineering, testing, manufacturing support, and patent development.
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