About Forum Energy Technologies
Forum Energy Technologies is a company based in Houston (United States) founded in 2005.. Forum Energy Technologies has raised $28.51 million across 3 funding rounds. The company has 937 employees as of December 31, 2022. Forum Energy Technologies has completed 10 acquisitions, including Cooper® Valves, ESP Completion Technologies and Equipment And Technical Services.
- Headquarter Houston, United States
- Employees 937 as on 31 Dec, 2022
- Stage Public
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Sectors
Industrial Goods & Manufacturing
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Forum Energy Technologies, Inc.
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Annual Revenue
$816.42 M10.5as on Dec 31, 2024
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Net Profit
$-135.33 M-616.92as on Dec 31, 2024
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EBITDA
$89.42 M52.88as on Dec 31, 2024
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Total Equity Funding
$28.51 M (USD)
in 3 rounds
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Latest Funding Round
$5 M (USD), Post-IPO
Jan 25, 2019
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Investors
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Employee Count
937
as on Dec 31, 2022
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Investments & Acquisitions
Cooper® Valves
& 9 more
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IPO & Listings of Forum Energy Technologies
Forum Energy Technologies is a publicly listed company on the NYSE with ticker symbol FET in USA, operating in the Industrial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Sales and Marketing
40 people
Software Development Team
22 people
Finance and Accounting
15 people
Product Management Team
14 people
Leadership Team
14 people
Operations Team
13 people
Human Resources and Administration
8 people
Plant Team
4 people
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Funding Insights of Forum Energy Technologies
Forum Energy Technologies has successfully raised a total of $28.51M across 3 strategic funding rounds. The most recent funding activity was a Post-IPO round of $5 million completed in January 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Post-IPO — $5.0M
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First Round
First Round
(01 Jun 2007)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2019 | Amount | Post-IPO - Forum Energy Technologies | Valuation |
investors |
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| Apr, 2012 | Amount | Post-IPO - Forum Energy Technologies | Valuation |
investors |
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| Jun, 2007 | Amount | Series B - Forum Energy Technologies | Valuation |
investors |
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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 |
Investments & Acquisitions by Forum Energy Technologies
Forum Energy Technologies has strategically engaged in corporate development activities, having acquired 10 companies. Notable acquisitions include Cooper® Valves, ESP Completion Technologies and Equipment And Technical Services. 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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Sand protection tools for electrical submersible pumps are manufactured.
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2013 | ||||
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Manufacturer of high performance wireline cables for oil and gas industry
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2009 | ||||
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Manufacturer of interior building materials and design solutions
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2007 |
| 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 - Forum Energy Technologies
| 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 |
Forum Energy Technologies Comparisons
Competitors of Forum Energy Technologies
| 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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Latest news on Forum Energy Technologies
Frequently Asked Questions about Forum Energy Technologies
When was Forum Energy Technologies founded?
Forum Energy Technologies was founded in 2005 and raised its 1st funding round 2 years after it was founded.
Where is Forum Energy Technologies located?
Forum Energy Technologies is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
Who is the current CEO of Forum Energy Technologies?
Prady Iyyanki is the current CEO of Forum Energy Technologies.
Is Forum Energy Technologies a funded company?
Forum Energy Technologies is a funded company, having raised a total of $28.51M across 3 funding rounds to date. The company's 1st funding round was a Series B of $28.51M, raised on Jun 01, 2007.
How many employees does Forum Energy Technologies have?
As of Dec 31, 2022, the latest employee count at Forum Energy Technologies is 937.
What is the annual revenue of Forum Energy Technologies?
Annual revenue of Forum Energy Technologies is $816.42M as on Dec 31, 2024.
What does Forum Energy Technologies do?
Forum Energy Technologies was founded in 2005 and is headquartered in Houston, United States. Products for drilling and oilfield operations are supplied by the company within the energy sector. Focus is placed on equipment and solutions used in oil and gas exploration and production. Operations span manufacturing and distribution, with services extending to global markets served from the U.S. base. Leadership is provided by CEO Prady Iyyanki.
Is Forum Energy Technologies publicly traded?
Yes, Forum Energy Technologies is publicly traded on NYSE under the ticker symbol FET.
How many acquisitions has Forum Energy Technologies made?
Forum Energy Technologies has made 10 acquisitions, including Cooper® Valves, ESP Completion Technologies, and Equipment And Technical Services.
What is Forum Energy Technologies's ticker symbol?
The ticker symbol of Forum Energy Technologies is FET on NYSE.