• Text size
  • Send this article to a friend
  • Print this article

Norwegian venture acquires MTEM

An oil and gas technology firm spun out of Edinburgh University three years ago has been sold for $275m (£138m) in a deal that will allow a Scottish venture capitalist to make around £29m on an investment of £58,500.

An oil and gas technology firm spun out of Edinburgh University three years ago has been sold for $275m (£138m) in a deal that will allow a Scottish venture capitalist to make around £29m on an investment of £58,500.