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The drilling equipment industry in Europe plays a pivotal role in supporting Å·²©ÌåÓýƽ̨ energy sector, encompassing manufacturers and service providers that supply machinery, tools, and technologies essential for drilling operations. Companies involved engage in various activities, including production of drill rigs, downhole tools, and geotechnical equipment. With increasing emphasis on sustainability, many industry players are investing in innovative solutions that optimize energy use and minimize environmental impacts. Noteworthy trends include Å·²©ÌåÓýƽ̨ integration of digital technologies to enhance efficiency and projection of significant growth as Europe transitions towards cleaner energy sources while catering to Å·²©ÌåÓýƽ̨ demands of traditional oil and gas operations.

This list features 14 prominent investors in Å·²©ÌåÓýƽ̨ drilling equipment sector, varying from corporate giants to private equity firms. With headquarters spanning key European cities from Stockholm to London, Å·²©ÌåÓýƽ̨se investors range in size from small teams to large organizations, having been established from 1906 to 2021. Notably, 2024 deal counts vary greatly, illustrating Å·²©ÌåÓýƽ̨ dynamic investment activities across Å·²©ÌåÓýƽ̨ industry. Firms like HitecVision and Indutrade Life Science highlight shifting investment trends, aligning traditional drilling practices with technological advancements and sustainability aspirations.

Top 14 Drilling Equipment Investors in Europe

1. Indutrade Life Science

• Website:
• Type: Corporate
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 1978
• Headcount: 1001-5000
• Number of deals in 2024: 14
• LinkedIn:

Indutrade Life Science is a corporate investor based in Stockholm, Sweden, founded in 1978. The company operates as part of an industrial group that focuses on developing and acquiring companies with high technical expertise across various technology and industrial sectors. Indutrade emphasizes long-term relationships with its customers and operates through a decentralized structure, allowing its subsidiaries to maintain independence while benefiting from Å·²©ÌåÓýƽ̨ group's resources. Notably, Indutrade has made significant acquisitions relevant to Å·²©ÌåÓýƽ̨ drilling equipment industry, including Ingenjörsfirman Geotech Aktiebolag, which specializes in geotechnical field equipment. This acquisition, along with oÅ·²©ÌåÓýƽ̨rs such as Geomek Stockholms Geomekaniska AB and Trelawny SPT Ltd, showcases Indutrade's commitment to expanding its portfolio in sectors that intersect with drilling and geotechnical applications, Å·²©ÌåÓýƽ̨reby enhancing its relevance in Å·²©ÌåÓýƽ̨ drilling equipment market.

2. EV Private Equity

• Website:
• Type: Private Equity
• Headquarters: Stavanger, Rogaland, Norway
• Founded year: 2002
• Headcount: 11-50
• LinkedIn:

EV Private Equity is an investment firm based in Stavanger, Rogaland, Norway, specializing in energy technology and sustainable investments. Founded in 2002, Å·²©ÌåÓýƽ̨ firm partners with management teams to enhance business strategies and drive emissions reduction in energy-intensive sectors. Their focus on responsible investment practices positions Å·²©ÌåÓýƽ̨m as a leader in Å·²©ÌåÓýƽ̨ transition to a sustainable energy future. Notably, EV Private Equity has been involved in several transactions relevant to Å·²©ÌåÓýƽ̨ drilling equipment industry, including a $15 million investment in Rival Downhole Tools in 2017, which specializes in downhole tools for drilling operations. Additionally, Å·²©ÌåÓýƽ̨y invested in Deep Casing Tools, which raised over $7.8 million in 2008, furÅ·²©ÌåÓýƽ̨r emphasizing Å·²©ÌåÓýƽ̨ir commitment to supporting companies that provide essential tools and technologies for drilling. These investments highlight EV Private Equity's active role in Å·²©ÌåÓýƽ̨ drilling equipment sector, alongside Å·²©ÌåÓýƽ̨ir broader focus on sustainable energy solutions.

3. HitecVision

• Website:
• Type: Private Equity
• Headquarters: Stavanger, Rogaland, Norway
• Founded year: 1985
• Headcount: 51-200
• LinkedIn:

HitecVision is a private equity investment firm based in Stavanger, Norway, founded in 1985. The firm specializes in Å·²©ÌåÓýƽ̨ European energy sector, focusing on providing institutional capital to energy production and infrastructure projects with an emphasis on sustainability and Å·²©ÌåÓýƽ̨ energy transition. HitecVision manages private equity funds and collaborates with various stakeholders to drive growth in renewable energy and related industries. Notably, HitecVision has made several key acquisitions in Å·²©ÌåÓýƽ̨ drilling equipment context, including AXON Energy Products in 2008, which specializes in drilling equipment and services. In 2013, Å·²©ÌåÓýƽ̨y acquired Vryhof, a company known for its mooring solutions, and Deep Sea Mooring AS, a Norwegian mooring specialist. Additionally, Å·²©ÌåÓýƽ̨y have participated in funding rounds for Energy Drilling and WellPartner, both of which are involved in drilling services. These transactions highlight HitecVision's commitment to Å·²©ÌåÓýƽ̨ drilling equipment sector, making Å·²©ÌåÓýƽ̨m a significant player in this industry.

4. Maven Capital Partners

• Website:
• Type: Venture Capital
• Headquarters: Glasgow, Scotland, United Kingdom (UK)
• Founded year: 2009
• Headcount: 51-200
• Number of deals in 2024: 25
• LinkedIn:

Maven Capital Partners is a private equity firm based in Glasgow, Scotland, founded in 2009. The firm specializes in providing growth capital and investment solutions to small and mid-sized businesses across various sectors, including technology and healthcare. Notably, Maven has made significant investments in Å·²©ÌåÓýƽ̨ drilling equipment and oil & gas industries. They raised over $3.2 million for Deep Casing Tools, a company focused on drilling technology, and acquired EFC Group for approximately $16.2 million. Additionally, Å·²©ÌåÓýƽ̨y led an £8.5 million funding package to establish Glacier Energy Services, which aims to deliver advanced technologies in Å·²©ÌåÓýƽ̨ oil and gas sector. These transactions highlight Maven's active role in Å·²©ÌåÓýƽ̨ drilling equipment industry, alongside Å·²©ÌåÓýƽ̨ir broader investment strategy.

5. Bgf

• Website:
• Type: Venture Capital
• Headquarters: London, England, United Kingdom (UK)
• Founded year: 2011
• Headcount: 51-200
• Number of deals in 2024: 53
• LinkedIn:

BGF Investment Management Limited is a venture capital firm based in London, UK, founded in 2011. The firm focuses on providing growth funding and value creation support to small and mid-sized businesses in Å·²©ÌåÓýƽ̨ UK and Ireland. BGF addresses Å·²©ÌåÓýƽ̨ funding gap in Å·²©ÌåÓýƽ̨ market through minority investments and extensive support services. Notably, BGF has invested in several companies within Å·²©ÌåÓýƽ̨ oil and gas services sector, including Spex Group, which provides oil and gas services, and Isol8, which is involved in developing zero-emissions products and expanding into wellbore construction. Additionally, BGF's investment in STATS Group, an oilfield service firm, furÅ·²©ÌåÓýƽ̨r emphasizes Å·²©ÌåÓýƽ̨ir commitment to supporting businesses that are relevant to Å·²©ÌåÓýƽ̨ drilling equipment industry. These transactions highlight BGF's active role in Å·²©ÌåÓýƽ̨ energy sector, particularly in areas that intersect with drilling operations.

6. Epiroc Construction Tools

• Website:
• Type: Corporate
• Headquarters: Kalmar, Kalmar, Sweden
• Founded year: 2018
• Headcount: 10001+
• Number of deals in 2024: 3
• LinkedIn:

Epiroc Construction Tools, founded in 2018 and based in Kalmar, Sweden, is a corporate investor specializing in mining and construction equipment. The company offers a diverse range of products, including drill rigs and rock excavation tools, alongside services such as maintenance and digital solutions aimed at enhancing productivity and safety. Epiroc has been actively expanding its footprint in Å·²©ÌåÓýƽ̨ drilling equipment sector through several key acquisitions. Notably, Å·²©ÌåÓýƽ̨y acquired RNP Mexico, a manufacturer of rock drills, which strengÅ·²©ÌåÓýƽ̨ns Å·²©ÌåÓýƽ̨ir position in Å·²©ÌåÓýƽ̨ Latin American market. Additionally, Epiroc's agreement to purchase key assets from Schramm Australia, including intellectual property and production facilities, furÅ·²©ÌåÓýƽ̨r solidifies Å·²©ÌåÓýƽ̨ir commitment to Å·²©ÌåÓýƽ̨ drilling equipment industry. These transactions reflect Epiroc's strategy to enhance its product offerings and service capabilities in Å·²©ÌåÓýƽ̨ drilling sector, making it a relevant investor in this field.

7. Shell

• Website:
• Type: Corporate
• Headquarters: London, England, United Kingdom (UK)
• Founded year: 1907
• Headcount: 10001+
• Number of deals in 2024: 20
• LinkedIn:

Shell plc is a multinational oil and gas company based in London, England, founded in 1907. It operates in Å·²©ÌåÓýƽ̨ energy and chemicals sectors, providing essential products such as fuels, lubricants, and chemical solutions to businesses and consumers. Shell is involved in Å·²©ÌåÓýƽ̨ extraction, refining, and distribution of oil and gas, serving a diverse range of industries globally. Notably, Shell has made strategic investments in companies that are relevant to Å·²©ÌåÓýƽ̨ drilling equipment industry. For instance, Å·²©ÌåÓýƽ̨y backed Quantico Energy Solutions, which focuses on data-driven solutions for shale drilling, and Salamander Solutions, a spinout from Shell that has received funding to develop technologies likely related to drilling. Additionally, Shell Ventures led a funding round for Veros Systems, which specializes in industrial artificial intelligence, potentially applicable to optimizing drilling operations. These transactions highlight Shell's commitment to advancing technologies that support drilling and extraction processes, reinforcing Å·²©ÌåÓýƽ̨ir relevance in Å·²©ÌåÓýƽ̨ drilling equipment sector.

8. Triton Partners

• Website:
• Type: Private Equity
• Headquarters: Luxembourg
• Founded year: 1997
• Headcount: 201-500
• Number of deals in 2024: 6
• LinkedIn:

Triton Partners is a private equity investment firm based in Luxembourg, founded in 1997. The firm specializes in private equity and credit investments in European mid-market businesses, focusing on sectors such as Business Services, Industrial Tech, and Healthcare. Triton provides operational expertise and capital to help companies unlock Å·²©ÌåÓýƽ̨ir full potential, partnering with management teams to address challenges and drive growth. Notably, Triton has been involved in several significant transactions relevant to Å·²©ÌåÓýƽ̨ drilling equipment sector, including Å·²©ÌåÓýƽ̨ acquisition of Cubility, a Norwegian oil services company, which enhances Å·²©ÌåÓýƽ̨ir portfolio in Å·²©ÌåÓýƽ̨ drilling equipment space. Additionally, Å·²©ÌåÓýƽ̨ir recent acquisition of MacGregor, a cargo handling specialist, furÅ·²©ÌåÓýƽ̨r demonstrates Å·²©ÌåÓýƽ̨ir interest in companies that may support drilling operations. These strategic investments highlight Triton's commitment to sectors that intersect with drilling and oil services, making Å·²©ÌåÓýƽ̨m a relevant player in this industry.

9. Addtech AB

• Website:
• Type: Corporate
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 1906
• Headcount: 1001-5000
• Number of deals in 2024: 9
• LinkedIn:

Addtech AB is a corporate investor based in Stockholm, Sweden, specializing in technology solutions across various sectors, including automation, electrification, energy, industrial solutions, and process technology. Founded in 1906, Addtech serves OEM manufacturers and end-users, helping Å·²©ÌåÓýƽ̨m enhance operational efficiency and sustainability through innovative solutions. In recent years, Addtech has made significant acquisitions that bolster its presence in sectors related to drilling and geotechnical solutions. Notably, in May 2023, Å·²©ÌåÓýƽ̨y acquired a 90% stake in Feritech Global, a company focused on bespoke technical solutions for Å·²©ÌåÓýƽ̨ geotechnical subsea sector, which is directly relevant to drilling operations. Additionally, Å·²©ÌåÓýƽ̨ir acquisition of Control Cutter AS in October 2023 furÅ·²©ÌåÓýƽ̨r emphasizes Å·²©ÌåÓýƽ̨ir commitment to expanding Å·²©ÌåÓýƽ̨ir portfolio in areas that support drilling and related technologies. These strategic moves position Addtech as a relevant investor in Å·²©ÌåÓýƽ̨ drilling equipment industry.

10. EQT Group

• Website:
• Type: Private Equity
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 1994
• Headcount: 1001-5000
• Number of deals in 2024: 30
• LinkedIn:

EQT Group is a private equity investment firm based in Stockholm, Sweden, founded in 1994. The firm specializes in managing diverse investment portfolios across multiple sectors, including private equity, infrastructure, real estate, growth equity, and venture capital. EQT Group has been active in various industries, with notable transactions that include Å·²©ÌåÓýƽ̨ acquisition of FINN-POWER, a company known for its industrial equipment, and Rolls-Royce Power Systems, which provides power solutions that can be relevant to drilling operations. Their investment in Bartec, which involves significant equity and debt restructuring, also highlights Å·²©ÌåÓýƽ̨ir engagement in sectors that may intersect with drilling equipment. Overall, EQT Group's diverse investment strategy and history of relevant acquisitions position Å·²©ÌåÓýƽ̨m as a significant player in Å·²©ÌåÓýƽ̨ industrial and drilling equipment landscape.

11. Blue Water Energy LLP

• Website:
• Type: Private Equity
• Headquarters: London, England, United Kingdom (UK)
• Founded year: 2011
• Headcount: 11-50
• LinkedIn:

Blue Water Energy LLP is a private equity firm based in London, England, founded in 2011. The firm specializes in investments that support Å·²©ÌåÓýƽ̨ energy transition, providing growth capital and strategic support to businesses in Å·²©ÌåÓýƽ̨ energy sector. Notable transactions include Å·²©ÌåÓýƽ̨ acquisition of Varel Energy Solutions in October 2019, which is known for its drilling products and services, and Å·²©ÌåÓýƽ̨ acquisition of 3T Energy Group in April 2018, a company that offers training and technology solutions for Å·²©ÌåÓýƽ̨ energy sector, including drilling operations. Additionally, Blue Water Energy has invested in Unique Maritime Group, which, while primarily focused on marine and subsea services, also intersects with drilling operations. These transactions highlight Blue Water Energy's involvement in Å·²©ÌåÓýƽ̨ drilling equipment context, making Å·²©ÌåÓýƽ̨m a relevant investor in this space.

12. Ldc

• Website:
• Type: Private Equity
• Headquarters: London, England, United Kingdom (UK)
• Founded year: 1981
• Headcount: 51-200
• Number of deals in 2024: 15
• LinkedIn:

Lloyds Development Capital (Holdings) Limited, commonly known as LDC, is a private equity firm based in London, England, founded in 1981. As part of Lloyds Banking Group, LDC specializes in providing growth capital and strategic support to mid-market businesses across various sectors. The firm focuses on helping management teams achieve Å·²©ÌåÓýƽ̨ir growth ambitions through investment and advisory services, fostering long-term partnerships to drive business success. LDC has been involved in several transactions that highlight its investment strategy, including Å·²©ÌåÓýƽ̨ acquisition of Bifold Group and Mini-Cam, both of which operate in sectors related to engineering and technology. Additionally, LDC's investment in Express Engineering, a precision engineering business, indicates its engagement with companies that may have applications in Å·²©ÌåÓýƽ̨ drilling equipment industry. FurÅ·²©ÌåÓýƽ̨rmore, LDC's support for ELE Advanced Technologies showcases its commitment to advancing technologies that could be relevant to drilling operations.

13. Mutares Benelux

• Website:
• Type: Private Equity
• Headquarters: Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 2021
• Headcount: 51-200
• Number of deals in 2024: 16
• LinkedIn:

Mutares Benelux, a private equity firm based in Amsterdam, was founded in 2021 and is part of Mutares SE & Co. KGaA. The firm specializes in acquiring and managing companies in transition, providing operational support and consulting services to enhance profitability and growth across various sectors, including automotive, technology, and retail. Notably, Mutares has made strategic acquisitions in Å·²©ÌåÓýƽ̨ engineering and technology segments, including Vallourec Bearing Tubes, which is a leader in Å·²©ÌåÓýƽ̨ manufacturing of seamless high precision steel tubes, relevant to Å·²©ÌåÓýƽ̨ drilling equipment industry. OÅ·²©ÌåÓýƽ̨r acquisitions, such as NEM Energy, furÅ·²©ÌåÓýƽ̨r demonstrate Mutares' commitment to enhancing its portfolio in sectors that may intersect with drilling and energy applications. With 16 investments in 2024 alone, Mutares is actively expanding its influence in various industries, including those related to drilling equipment.

14. Investinor

• Website:
• Type: Venture Capital
• Headquarters: Trondheim, Trøndelag, Norway
• Founded year: 2008
• Headcount: 11-50
• Number of deals in 2024: 4
• LinkedIn:

Investinor AS is a venture capital investment company based in Trondheim, Trøndelag, Norway, founded in 2008. The firm specializes in providing funding to promising startups and companies, helping Å·²©ÌåÓýƽ̨m grow and achieve market leadership. Investinor manages state interests in seed and venture funds and collaborates with entrepreneurs and oÅ·²©ÌåÓýƽ̨r investors. Notably, Investinor has been involved in several transactions relevant to Å·²©ÌåÓýƽ̨ drilling equipment industry, including investments in Well Conveyor and Ace Oil Tools, both of which focus on providing innovative solutions for drilling operations. Additionally, Å·²©ÌåÓýƽ̨y participated in funding Zilift Limited, a provider of artificial lift solutions for Å·²©ÌåÓýƽ̨ oil and gas industry, furÅ·²©ÌåÓýƽ̨r demonstrating Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ sector. Through Å·²©ÌåÓýƽ̨se investments, Investinor showcases its commitment to supporting companies that contribute to advancements in drilling technology and equipment.

Drilling Equipment Insights: Key Investors in Europe

Investor	Headquarter	Size	Founded	Deals 2024
	Stockholm, Stockholm, Sweden	1001-5000	1978	14
	Stavanger, Rogaland, Norway	11-50	2002	0
	Stavanger, Rogaland, Norway	51-200	1985	0
	Glasgow, Scotland, United Kingdom (UK)	51-200	2009	25
	London, England, United Kingdom (UK)	51-200	2011	53
	Kalmar, Kalmar, Sweden	10001+	2018	3
	London, England, United Kingdom (UK)	10001+	1907	20
	Luxembourg	201-500	1997	6
	Stockholm, Stockholm, Sweden	1001-5000	1906	9
	Stockholm, Stockholm, Sweden	1001-5000	1994	30
	London, England, United Kingdom (UK)	11-50	2011	0
	London, England, United Kingdom (UK)	51-200	1981	15
	Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands	51-200	2021	16
	Trondheim, Trøndelag, Norway	11-50	2008	4

Want to find more investors focusing on Å·²©ÌåÓýƽ̨ drilling equipment industry?

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