About Ace Well Technology
Ace Well Technology is a company based in Randaberg (Norway) founded in 2012 was acquired by Varel Energy Solutions in January 2025. Ace Well Technology offers products and services including Ace Ratchet Collar and Ace Custom Carrier. Ace Well Technology operates in a competitive market with competitors including BiSN, Mohawk Energy and Wellcem, among others.
- Headquarter Randaberg, Norway
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Sectors
Energy & Utilities
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Email
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Phone
Locked
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Website
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Social
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- Legal Name Ace Well Technology As
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Annual Revenue
$2.37 M (USD)-54as on Dec 31, 2021
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Net Profit
-$1.72 M (USD)-593as on Dec 31, 2021
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EBITDA
-$1.72 M (USD)-484as on Dec 31, 2021
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Latest Funding Round
Not available
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Investors
Varel Energy Solutions
& 2 more
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Employee Count
Not available
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Acquired by
Varel Energy Solutions
(Jan 06, 2025)
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Products & Services of Ace Well Technology
Ace Well Technology offers a comprehensive portfolio of products and services, including Ace Ratchet Collar and Ace Custom Carrier.
Patented mechanism for attaching tools to casing in wells.
Flexible tool for downhole applications and operations.
Funding Insights of Ace Well Technology
Investors in Ace Well Technology
Ace Well Technology has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Varel Energy Solutions, Investinor and ProVenture.
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Early-stage tech and energy investments are made primarily in Norway.
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Downhole products and drill bits are manufactured and supplied.
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Investor details for Ace Well Technology
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Investments & Acquisitions by Ace Well Technology
Investment portfolio details for Ace Well Technology
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Financial Statements - Ace Well Technology
Detailed financials for Ace Well Technology
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Ace Well Technology Comparisons
Peer comparison for Ace Well Technology
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Competitors of Ace Well Technology
Ace Well Technology operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as BiSN, Mohawk Energy and Wellcem, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Bridge plugs for the oil and gas industry are provided.
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Provides expandable tubular well solutions for the energy industry.
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Engineers and provides resin-based sealing solutions for oil and gas well integrity.
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Detailed competitors of Ace Well Technology
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Latest news on Ace Well Technology
Complete news archive for Ace Well Technology
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Frequently Asked Questions about Ace Well Technology
Ace Well Technology was founded in 2012 and raised its 1st funding round 3 years after it was founded.
Ace Well Technology is headquartered in Randaberg, Norway. It is registered at Randaberg, Rogaland, Norway.
Espen Sorbo is the current CEO of Ace Well Technology.
Annual revenue of Ace Well Technology is $2.37M as on Dec 31, 2021.
Ace Well Technology, established in 2012 and currently in Acquired stage, focuses on energy tech, oil gas tech, upstream, downhole, well completion, and downhole sealing. Designer of downhole tools and equipment for drilling. Adapting to market demands with innovation and client-focused strategies.
Ace Well Technology's top competitors include BiSN, Mohawk Energy and Wellcem.
Ace Well Technology offers Ace Ratchet Collar and Ace Custom Carrier.
Ace Well Technology has 3 investors. Key investors include Varel Energy Solutions, Investinor, and ProVenture.