Fluid Control makes the Gaselle list for 2020

NEWS

All the latest news and developments from Fluid Control

 

 

Fluid Control makes the Gaselle list for 2020

 

Dec 15, 2020 | News

Fluid Control Service (FCS) has made the Gaselle list of 2020. This is the first time FCS has met all the criteria to be listed as “Gaselle” by Dagen Næringsliv since it’s acquisition by Hitec Products.

FCS has had steady growth over the past few years since it’s acquisition by Hitec Products in 2016. Successful restructuring of FCS, a sound growth strategy and selective investments over the last 3 years have helped the company become a gazelle.

2020 was supposed to be a year of continued accelerated growth, unfortunately like many Covid-19 changed all that. Despite becoming a difficult year for most businesses, FCS took the appropriate actions and have been on track since the early summer in 2020.

“We are excited to be recognized as Gasellebedrift for the first time after re-establishing Fluid Control. The last three years have been great for us, as we made several investments to accelerate growth. 2020 on the other hand has been challenging, but thanks to the hard work of our employees we are now doing great and are excited for 2021” says Chief Executive Officer Tor-Atle Deisz. 

The requirements for a Gaselle Bedrift are:

  • Revenue growth for the past 4 years 
  • More than doubled revenue the past 4 years
  • Maintaining positive operating profit (EBIT),
  • Not having negative growth, and more.

Read More more about our journey on Dagens Næringsliv. The gazelle of the year 2020 for the Western Regions shall be announced on Sunday 17 January 2021

 

Other news

45m long 15 part Hydraulic Umbilical

45m long 15 part Hydraulic Umbilical

In cooperation with Umbilicals International FCS has recently delivered a 45m long 15 part hydraulic umbilical to be used onboard a Petrobras drillship offshore Brazil.