About Coretrax
Coretrax is a company based in Aberdeen (United Kingdom) founded in 2008 was acquired by Expro in February 2024.. Coretrax has completed 1 acquisition, including Churchill Drilling Tools. Coretrax offers products and services including Wellbore Clean Up and Drilling Tools.
- Headquarter Aberdeen, United Kingdom
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Email
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Phone
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Website
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Social
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- Legal Name Coretrax Ltd.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$9.73 M (USD), Debt – Conventional
Feb 26, 2014
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Investors
Maven Capital Partners
& 2 more
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Employee Count
Employee Count
- Investments & Acquisitions
- Acquired by
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Products & Services of Coretrax
Coretrax offers a comprehensive portfolio of products and services, including Wellbore Clean Up and Drilling Tools. 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.
Wellbore clean-up solutions are provided to support operations from drilling through production, ensuring effective management of well integrity.
Downhole tools are designed for circulation in drilling, completions, and P&A operations, addressing critical challenges in well maintenance.
Funding Insights of Coretrax
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $9.7M
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First Round
First Round
(12 Feb 2014)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2014 | Amount | Debt – Conventional - Coretrax | Valuation |
investors |
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| Feb, 2014 | Amount | Debt – Conventional - Coretrax | Valuation |
investors |
| 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 Coretrax
Coretrax has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Maven Capital Partners, Expro and Buckthorn Partners. 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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Multiple sectors are targeted for private equity investments.
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Founded Year | Domain | Location | |
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Investments are focused on energy transition and sustainability.
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Founded Year | Domain | Location | |
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Full-cycle energy services for well construction and intervention are provided.
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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 Coretrax
Coretrax has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Churchill Drilling Tools. 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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Food products are manufactured, distributed, and food services are operated.
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1996 |
| 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 - Coretrax
| 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 |
Coretrax Comparisons
Competitors of Coretrax
| 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 Coretrax
When was Coretrax founded?
Coretrax was founded in 2008 and raised its 1st funding round 6 years after it was founded.
Where is Coretrax located?
Coretrax is headquartered in Aberdeen, United Kingdom. It is registered at Aberdeen, Scotland, United Kingdom.
Who is the current CEO of Coretrax?
Kenny Murray is the current CEO of Coretrax.
What does Coretrax do?
Coretrax was founded in 2008 in Aberdeen City, Scotland, and operates within the oil and gas sector. Services encompass wellbore clean-up, plugging and abandonment, and decommissioning across the well lifecycle. Downhole tools are provided for drilling, completions, and PA operations, alongside expandable tubular technology for well integrity. Specialized chemicals and products support abandonment efforts, with project planning and engineering integrated into operations to address well performance needs.
What products or services does Coretrax offer?
Coretrax offers Wellbore Clean Up and Drilling Tools.
How many acquisitions has Coretrax made?
Coretrax has made 1 acquisition, including Churchill Drilling Tools.
Who are Coretrax's investors?
Coretrax has 3 investors. Key investors include Maven Capital Partners, Expro, and Buckthorn Partners.