About Altus Intervention
Altus Intervention is a company based in Stavanger (Norway) founded in 2014, and was acquired by Baker Hughes in March 2022. Provider of provides wireline, wireline tractor, and logging services. Altus Intervention has completed 1 acquisition, including Thru Tubing. Altus Intervention offers products and services including Well Intervention Services and Turbomachinery Services. Its legal entity is Baker Hughes Company.
Company details
Altus Intervention was established in 2014 in Stavanger, Norway, within the oil and gas services sector. Wireline conveyance, tractor-assisted interventions, and logging operations are offered to support well integrity and production enhancement. Focus is placed on advanced intervention technologies for offshore and onshore applications, primarily in the North Sea region and international markets. Services are delivered through specialized equipment and engineering expertise.
- Headquarters Stavanger, Norway
- Stage Acquired
- Website altusintervention.com
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by Baker Hughes (Mar 2022)
- Legal Name Baker Hughes Company
- InvestorsEQT
& 2 more
- Investments & Acquisitions
- Acquired by
Products & Services of Altus Intervention
Altus Intervention offers a comprehensive portfolio of products and services, including Well Intervention Services and Turbomachinery Services.
Well intervention services are offered to minimize intervention times and costs, covering activities from well construction to abandonment using technologies like coiled tubing and fishing services
Turbomachinery services are provided to ensure high availability and efficiency for equipment throughout its lifecycle, including gas turbines and compressors that are utilized in energy applications
Apps and channels of Altus Intervention
its YouTube channel Baker Hughes has 4.98K subscribers and 30 videos.
Videos from Altus Intervention
The most watched videos on Altus Intervention's YouTube channel, Baker Hughes (4.98K subscribers). Click a video to play it here.
More on Baker Hughes.
Funding Insights of Altus Intervention
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Altus Intervention with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2014 | Private Equity Round | – | EQT | – |
2 investors in total: 2 institutional.
Investors in Altus Intervention
Altus Intervention has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include EQT and Baker Hughes.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
EQT is recognized as a global investment organization focused on value creation. | 1994 | eqtgroup.com | Stockholm, Sweden | |
Oil field services for drilling and production are provided globally. | 1987 | bakerhughes.com | Houston, United States |
Investor details for Altus Intervention
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Altus Intervention
22 people are tracked at Altus Intervention (6 in leadership, 16 in team).
| Name | Role | Group |
|---|---|---|
Kjetil Skiftun | Vice President Corporate Treasury | Leadership |
Svein Helge Furenes | Vice President | Leadership |
Åge Landro | CEO | Leadership |
Lars Bethuelsen | CFO | Leadership |
Garry Michie | President, UK & West Africa | Leadership |
Kjetil Ericksen | President, Norway & Denmark | Leadership |
Erik A. Haarr | Data Analysis Manager | Team |
Erland Jørgensen | Customer Service Manager LWI | Team |
Bjørn Barka | Senior Project Manager | Team |
Martin Peter | Senior Buyer | Team |
John Arnold | Senior Field Engineer | Team |
Jorgen Espeland | CIO | Team |
Sebastian Knoop | General Field Engineer | Team |
Scott Edwards | Senior Operations Engineer | Team |
Adam O'Neil | Senior Field Engineer | Team |
John Taberner | Onshore Operating Centre Lead | Team |
Alistair Cameron | SVP, QHSE | Team |
Carl Anderson | Senior Field Engineer Superintendent | Team |
Atle Eikenes Hansen | Human Resources Manager | Team |
William Andrew Tait | Senior Tractor And Logging Engineer | Team |
2 more people are available in the full profile.
Complete people profiles for Altus Intervention
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Altus Intervention
Altus Intervention has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Thru Tubing.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Slotting tools, downhole motors, and nitrotuff abrasive cutters are manufactured. | thrutubing.com | Oklahoma, United States | 1997 | Jan 2018 | •••• |
Complete acquisition details for Altus Intervention
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Altus Intervention
4 dated milestones of Altus Intervention across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Altus Intervention is founded.
- Funding First funding round.
- Acquisition Acquires Thru Tubing.
- Exit Acquired by Baker Hughes.
Web traffic of Altus Intervention
Websites that share an audience with Altus Intervention (altusintervention.com).
Websites whose visitors overlap most with Altus Intervention. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| akersolutions.com | 100% | 96.4K | #449,733 | View details |
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Frequently Asked Questions about Altus Intervention
Altus Intervention was founded in 2014.
Altus Intervention is headquartered in Stavanger, Norway. It is registered at Stavanger, Rogaland, Norway.
Altus Intervention was established in 2014 in Stavanger, Norway, within the oil and gas services sector. Wireline conveyance, tractor-assisted interventions, and logging operations are offered to support well integrity and production enhancement. Focus is placed on advanced intervention technologies for offshore and onshore applications, primarily in the North Sea region and international markets. Services are delivered through specialized equipment and engineering expertise.
Altus Intervention offers Well Intervention Services and Turbomachinery Services.
Altus Intervention has made 1 acquisition, including Thru Tubing.
Altus Intervention has 2 investors. Key investors include EQT, and Baker Hughes.
Altus Intervention operates through Baker Hughes Company.
Yes. Altus Intervention was acquired by Baker Hughes in March 2022.