Add Energy

Stavanger, Norway Founded: 2008 • Age: 18 yrs Acquired By ABL Group
Well engineering, completion, servicing abandonment services provider

About Add Energy

Add Energy is a company based in Stavanger (Norway) founded in 2008 was acquired by ABL Group in July 2022.. Add Energy has completed 1 acquisition, including Ipsaa.

  • Headquarter Stavanger, Norway
  • Sectors
    Energy & Utilities
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Abl Group Asa
Operational Areas
Energy & Utilities → Oil & Gas
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Latest Funding Round
  • Investors
  • Employee Count
    Employee Count
  • Investments & Acquisitions
  • Acquired by
    ABL Group

    (Jul 11, 2022)

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People of Add Energy
Headcount 200-500
Employee Profiles 2
Board Members and Advisors 4
Employee Profiles
People
Harald Justnæs
Chief Financial Officer
People
Terje Løkke-Sørensen
Chief Technical Officer

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Board Members and Advisors
people
Rune Jensen
Board Member
people
Svein Ilebekk
Board Member
people
Arne Jensen
Chairman of the Board
people
Stig Hetlevik
Board Member

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Funding Insights of Add Energy

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Add Energy

Add Energy has secured backing from 1 investor. Prominent investors backing the company include ABL Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Investor Description Founded Year Domain Location
Global independent energy and marine consultancy specializing in de risking and driving the energy transition
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Add Energy

Add Energy has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Ipsaa. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Acquisitions
Company Name Description Domain Location Founded Year Amount
Early childhood education is provided by Ipsaa in Indian cities.
0
Company Name Description Domain Location Founded Year Amount
OVO is recognized as a smart digital payment application.
2017
Bionic investment advisor platform
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014

Financial Statements - Add Energy

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Add Energy Comparisons

Employees
+
Add Comparison
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Competitors of Add Energy

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Add Energy

Frequently Asked Questions about Add Energy

When was Add Energy founded?

Add Energy was founded in 2008.

Where is Add Energy located?

Add Energy is headquartered in Stavanger, Norway. It is registered at Stavanger, Rogaland, Norway.

Who is the current CEO of Add Energy?

Ole B Rygg is the current CEO of Add Energy.

What does Add Energy do?

Add Energy provides manning, engineering and advisory services relating to drilling, completion, testing, servicing and abandonment of onshore and offshore wells. Services include reservoir flow simulations, blowout contingency, risk assessment, performance analysis, asset management operational support services. Has developed a patented subsea equipment in partnership with Trendsetter Engineering called as Relief Well Injection Spool (RWIS) which can be used to prevent blowout of reservoirs. Also, provides cloud-based software products for asset integrity management and equipment bill management.

How many acquisitions has Add Energy made?

Add Energy has made 1 acquisition, including Ipsaa.

Who are Add Energy's investors?

Add Energy has 1 investor. Key investors include ABL Group.

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