Ådne Grødem

Chief Executive Officer at

Flux Group AS

61 year

4 connections

Finance

Consumer Services

Industrial Services

Profile

Ådne Grødem is Partner and CFO at Progressus Management AS.
He was the Chief Financial Officer of Roxar ASA, a leading technology solutions provider in the oil service industry, from 2001-2006.
During this period, the market capitalisation of the company increased from NOK 350 million to NOK 1.300 million, primarily driven by successful earnings driven internationalisation of the Company´s products and solutions.
Ådne has also held positions as Chief Executive Officer and Chief Financial Officer of the oil service company, Norwegian Applied Technology ASA from 1995 - 2000.
He has wide experience from commercialisation processes, mergers, acquisitions and IPO.
Ådne holds an MBA from the Norwegian School of Management and a BBA from California Lutheran University, USA.

Ådne Grødem active positions

Companies	Position	Start
Flux Group AS Flux Group AS Oilfield Services/EquipmentIndustrial Services Provides products and services to the oil and gas industry	Chief Executive Officer	-
Dalen Næringspark Holding AS Dalen Næringspark Holding AS Real Estate DevelopmentFinance Engages in leasing of own or leased immovable property	Chairman	-

All active positions of Ådne Grødem

Former positions of Ådne Grødem

Companies	Position	End
Progressus Management AS Progressus Management AS Investment ManagersFinance PM's investment objective is to provide high return to their investors. Their investment strategy seeks to create value and growth in established firms, either private or listed. They are active investment partners and seek a controlling position in their portfolio firms. They provide capital in addition to operational management expertise. Investment criteria include firms with a positive cash flow, significant growth potential, competent management teams and employees. They consider investments across all sectors and geographies. Investments have been made primarily in Norway, although they seek firms capable of domestic and international expansion. Sectors they have invested in include IT/technology, energy and manufacturing. PM's typical investment size ranges from NOK 20 million to NOK 120 million. This can also be supplemented by loan capital. The investment period is from four to five years, with the ownership period running normally from four to eight years. The life cycle of the fund is generally from eight to 10 years.	Private Equity Investor	30/12/2014
Add Energy Group AS Add Energy Group AS Oilfield Services/EquipmentIndustrial Services Provides oil and gas drilling management & energy consulting services	Director/Board Member	-
Roxar AS Roxar AS Packaged SoftwareTechnology Services Provides products as well as associated services for reservoir management and production optimization	Director of Finance/CFO	-

See the detail of Ådne Grødem's experience

Training of Ådne Grødem

Experiences
Positions held

Active

Inactive

Listed companies

Private companies

See the detail of Ådne Grødem's experience

Connections

1st degree connections

1st degree companies

Male

Female

Members of the board

Executives

See the personal network

Linked companies

Private companies	7
Roxar AS Roxar AS Packaged SoftwareTechnology Services Provides products as well as associated services for reservoir management and production optimization	Technology Services
California Lutheran University California Lutheran University Other Consumer ServicesConsumer Services Functions as a College/University	Consumer Services
Norwegian School of Economics & Business Administration Norwegian School of Economics & Business Administration Other Consumer ServicesConsumer Services Functions as a College/University	Consumer Services
Progressus Management AS Progressus Management AS Investment ManagersFinance PM's investment objective is to provide high return to their investors. Their investment strategy seeks to create value and growth in established firms, either private or listed. They are active investment partners and seek a controlling position in their portfolio firms. They provide capital in addition to operational management expertise. Investment criteria include firms with a positive cash flow, significant growth potential, competent management teams and employees. They consider investments across all sectors and geographies. Investments have been made primarily in Norway, although they seek firms capable of domestic and international expansion. Sectors they have invested in include IT/technology, energy and manufacturing. PM's typical investment size ranges from NOK 20 million to NOK 120 million. This can also be supplemented by loan capital. The investment period is from four to five years, with the ownership period running normally from four to eight years. The life cycle of the fund is generally from eight to 10 years.	Finance
Add Energy Group AS Add Energy Group AS Oilfield Services/EquipmentIndustrial Services Provides oil and gas drilling management & energy consulting services	Industrial Services
Flux Group AS Flux Group AS Oilfield Services/EquipmentIndustrial Services Provides products and services to the oil and gas industry	Industrial Services
Dalen Næringspark Holding AS Dalen Næringspark Holding AS Real Estate DevelopmentFinance Engages in leasing of own or leased immovable property	Finance