Origo Solutions Company Profile

Background

Overview

Origo Solutions is a technology company specializing in safety, automation, and data management systems for the energy industry. Established in 1978 as Moland Automation, the company has over 40 years of experience in developing premium safety and automation solutions for both offshore and onshore facilities. Headquartered in Kristiansand, Norway, with additional offices in Arendal and Stavanger, Origo Solutions serves sectors including offshore and onshore oil and gas, process, marine, and renewable energy production industries.

Mission and Vision

Origo Solutions aims to be a trusted partner for safety, automation, and data management, providing innovative and reliable solutions that enhance operational efficiency and safety for its clients. The company's vision is to lead in the convergence of Operational Technology (OT) and Information Technology (IT), delivering integrated systems that address complex industry challenges.

Industry Significance

As a market leader in safety, automation, and instrumented systems, Origo Solutions plays a crucial role in monitoring, controlling, and protecting both offshore and onshore facilities. Its expertise extends to complete SCADA systems for the international renewable energy sector, contributing significantly to the industry's advancement.

Key Strategic Focus

Core Objectives

Safety and Automation Excellence: Delivering high-quality safety and automation solutions that ensure operational integrity and compliance with industry standards.

Digitalization of Functional Safety: Advancing the digitalization of functional safety to enhance system reliability and performance.

Areas of Specialization

Control and Automation Systems: Designing and implementing control and automation systems tailored to client needs.

Safety and Shutdown Systems: Providing safety systems that protect assets and personnel.

Data Management Solutions: Offering data collection, structuring, and analysis services to transform data into valuable insights.

Key Technologies Utilized

SCADA+: An independent solution for plant operation and monitoring, improving production and reducing maintenance costs.

SafeCom®: A system that enables safe, reliable, and cost-efficient export of natural gas over long distances.

HIPPS: A safety barrier designed to protect pipelines, vessels, and compressors against over-pressurization.

Primary Markets Targeted

Offshore and Onshore Oil and Gas: Providing solutions for exploration, production, and processing facilities.

Process Industries: Serving sectors such as chemicals, petrochemicals, and pharmaceuticals.

Marine and Renewable Energy: Offering systems for marine operations and renewable energy production, including wind energy.

Financials and Funding

Funding History

Origo Solutions was acquired by the HIMA Group in January 2024, marking a significant milestone in its financial trajectory. Prior to this acquisition, the company was owned by Moreld AS (60.1%) and Aker Capital AS (39.9%).

Recent Funding Rounds

The acquisition by HIMA Group in January 2024 was the most recent funding event, enhancing Origo Solutions' financial position and expanding its capabilities.

Notable Investors

HIMA Group: A global provider of safety-related automation solutions, headquartered in Germany.

Moreld AS: A global industrial group providing end-to-end sustainable solutions to all energy sectors.

Aker Capital AS: A Norwegian investment company.

Utilization of Capital

The capital from the acquisition is intended to support Origo Solutions' growth strategies, expand its range of solutions for the process industry and renewable energies, and advance the digitalization of functional safety.

Pipeline Development

Key Pipeline Candidates

Origo Solutions focuses on developing and integrating safety and automation systems for various industries, including offshore and onshore oil and gas, process, marine, and renewable energy sectors. Specific pipeline candidates are not publicly disclosed.

Stages of Development

The company is involved in all stages of system development, from engineering and design to implementation, testing, installation, commissioning, and service support.

Target Conditions

Origo Solutions targets complex operational environments where safety, automation, and data management are critical, including offshore and onshore facilities, process industries, marine operations, and renewable energy production sites.

Anticipated Milestones

While specific timelines for anticipated milestones are not publicly disclosed, the company's strategic focus on digitalization and expansion into renewable energy sectors indicates ongoing development and innovation in these areas.

Technological Platform and Innovation

Proprietary Technologies

SCADA+: An independent solution for plant operation and monitoring, enhancing production efficiency and reducing maintenance costs.

SafeCom®: A system enabling safe, reliable, and cost-efficient export of natural gas over long distances.

HIPPS: A safety barrier designed to protect pipelines, vessels, and compressors against over-pressurization.

Significant Scientific Methods

Data Management Solutions: Collecting and structuring data from various sources to transform it into valuable information for operational insights.

User Interface/HMI Design: Developing user interfaces that provide situational awareness and support efficient work processes.

Alarm Management: Implementing effective alarm handling systems to enhance operational safety and efficiency.

AI-Driven Capabilities

While specific AI-driven capabilities are not detailed, Origo Solutions' focus on digitalization and data management suggests the integration of advanced technologies to enhance system performance and decision-making processes.

Leadership Team

Executive Profiles

Bjørn-Tore Lenes: Chief Executive Officer (CEO). With extensive experience in the safety and automation industry, he leads Origo Solutions' strategic direction and operations.

Glenn Kjetil Nystøl: Chief Financial Officer (CFO). He oversees the company's financial strategies and operations, ensuring fiscal responsibility and growth.

Hans Walter Lyngholm: Director, Safety Solutions. He is responsible for leading the development and implementation of safety solutions across various sectors.

Ole Henrik Olsbu: Director, Control and Automation. He oversees the design and deployment of control and automation systems tailored to client needs.

Rune Reinertsen: Director, Sales. He leads the sales team, driving business development and client relationships.

Hanne Øglænd: Manager, Instrumentation. She manages instrumentation services, ensuring accurate and reliable measurement systems.

Karl-Tore Østhus: Director, Technology. He is responsible for overseeing technological advancements and integrations within the company's offerings.

Marius Jønsrud: Director, Digital System Development & Services. He leads the development and service of digital systems, focusing on innovation and client needs.

Board of Directors