Devico

Melhus, Norway Founded: 1988 • Age: 38 yrs Acquired By Imdex
Directional core drilling and borehole survey tools are provided.
Annual revenue - Latest available
Total funding - Funding intelligence
Employees - Tracked headcount
Investors 1 Known backers
Products 3 Services tracked
Competitors 7 Brand Intelligence

About Devico

Devico is a company based in Melhus (Norway) founded in 1988 was acquired by Imdex in January 2023. Devico offers products and services including DeviDrill, DeviGyro, and DeviAligner. Devico operates in a competitive market with competitors including Minnovare, Objectivity, Megms, DrillingMetrics and PathTracker, among others.

  • Headquarter Melhus, Norway
  • Sectors
    Natural Resources
  • Phone
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  • Website
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  • Social
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  • Legal Name Devico As
Operational Areas
Natural Resources → Mining & Quarrying Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Latest Funding Round
    Not available
  • Investors
  • Employee Count
    Not available
  • Acquired by
    Imdex

    (Jan 19, 2023)

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Products & Services of Devico

Devico offers a comprehensive portfolio of products and services, including DeviDrill, DeviGyro, and DeviAligner.

Product name locked
Category locked
Primary

Tool for coring in directional drilling applications

Product name locked
Category locked
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System for accurate borehole surveying and orientation

Product name locked
Category locked
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Software for drill rig alignment and data management

People of Devico

Headcount 50-200
Employee Profiles 18
Employee Profiles
People
MacIej Szalkowski
Junior Core Directional Driller
People
Lachezar Kirov
Operations Manager
People
Colin Gallagher
Gyro Technician
People
Trine S. Riiber
Global Asset Coordinator

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Funding Insights of Devico

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Detailed funding history for Devico

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  • Funding amounts
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Investors in Devico

Devico has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include IMDEX.

All
Institutional
Investor Description Founded Year Domain Location
IMDEX is recognized as a global leader in mining technology solutions.
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Investor details for Devico

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Investments & Acquisitions by Devico

Investments
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Investment portfolio details for Devico

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  • Transaction dates
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Financial Statements - Devico

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Detailed financials for Devico

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Devico Comparisons

Devico Primary company
Description
Directional core drilling and borehole survey tools are prov...
Location
Melhus, Norway
Founded Year
1988
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for Devico

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Competitors of Devico

Devico 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 Minnovare, Objectivity, Megms, DrillingMetrics and PathTracker, among others.

Company Name Domain Founded year HQ Location Description
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Drill rig alignment technology for mining and construction is developed.
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Data-driven mining exploration solutions are provided for drilling optimization.
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Provides exploration geological modeling services for the mining industry.
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Operates an AI-interfaced drilling platform for real-time insights and analytics.
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Software tools for directional drilling professionals to enhance accuracy and efficiency.
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Detailed competitors of Devico

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Latest news on Devico

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Complete news archive for Devico

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Frequently Asked Questions about Devico

Devico was founded in 1988.

Devico is headquartered in Melhus, Norway. It is registered at Melhus, Trøndelag, Norway.

Devico was established in 1988 in Melhus, Norway, as a supplier of tools for directional core drilling and borehole surveys. The portfolio encompasses magnetic survey tools, directional core drilling systems, non-magnetic survey tools, and related equipment. Services such as Devidrill, borehole planning, and cost analysis with survey tools are offered. Operations extend globally to regions including North America, Europe, and Asia.

Devico's top competitors include Minnovare, Objectivity and Megms.

Devico offers DeviDrill, DeviGyro, and DeviAligner.

Devico has 1 investor. Key investors include IMDEX.

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