About Altus Intervention
Altus Intervention is a company based in Stavanger (Norway) founded in 2014 was acquired by Baker Hughes in March 2022.. Altus Intervention has completed 1 acquisition, including Thru Tubing. Altus Intervention offers products and services including Well Intervention Services and Turbomachinery Services.
- Headquarter Stavanger, Norway
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Phone
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Website
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Social
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- Legal Name Baker Hughes Company
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
EQT
& 2 more
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Employee Count
Employee Count
- Investments & Acquisitions
- Acquired by
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Products & Services of Altus Intervention
Altus Intervention offers a comprehensive portfolio of products and services, including Well Intervention Services and Turbomachinery Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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
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Funding Insights of Altus Intervention
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2014 | Amount | Private Equity Round - Altus Intervention | Valuation | EQT |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. 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.
| Investor | Description | Founded Year | Domain | Location |
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EQT is recognized as a global investment organization focused on value creation.
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Founded Year | Domain | Location | |
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Oil field services for drilling and production are provided globally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Altus Intervention
Altus Intervention has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Thru Tubing. 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.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Slotting tools, downhole motors, and nitrotuff abrasive cutters are manufactured.
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1997 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Altus Intervention
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Altus Intervention Comparisons
Competitors of Altus Intervention
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Altus Intervention
When was Altus Intervention founded?
Altus Intervention was founded in 2014.
Where is Altus Intervention located?
Altus Intervention is headquartered in Stavanger, Norway. It is registered at Stavanger, Rogaland, Norway.
What does Altus Intervention do?
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.
What products or services does Altus Intervention offer?
Altus Intervention offers Well Intervention Services and Turbomachinery Services.
How many acquisitions has Altus Intervention made?
Altus Intervention has made 1 acquisition, including Thru Tubing.
Who are Altus Intervention's investors?
Altus Intervention has 2 investors. Key investors include EQT, and Baker Hughes.