About PARAT
PARAT is a company based in Flekkefjord (Norway) founded in 1842 was acquired by Babcock Wanson in January 2023. It operates as a Direct-to-Consumer (D2C) and Green Energy-as-a-Service. The company has 86 employees. PARAT offers products and services including PARAT IEH High Voltage Electrode Boiler, PARAT IEL Electric Element Boiler, PARAT IMT Degasser/Feed Water Tank, and PARAT MEH High Voltage Electrode Boiler.
- Headquarter Flekkefjord, Norway
- Employees 86
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Website parat.no
- Social LinkedIn
- Acquired by Babcock Wanson (Jan 2023)
- Legal Name Parat Halvorsen As
- Annual Revenue$37.53 M (USD)37as on Dec 31, 2022
- Net Profit$4.33 M (USD)127as on Dec 31, 2022
- EBITDA$5.26 M (USD)125as on Dec 31, 2022
- Investors
- Employee Count86
- Acquired byBabcock Wanson
(Jan 2023)
Products & Services of PARAT
PARAT offers a comprehensive portfolio of products and services, including PARAT IEH High Voltage Electrode Boiler, PARAT IEL Electric Element Boiler, PARAT IMT Degasser/Feed Water Tank, and PARAT MEH High Voltage Electrode Boiler.
High voltage boiler for steam and hot water production.
Low voltage boiler for steam and hot water needs.
Cylindrical tank used for degassing and feed water storage.
Electrode boiler designed for offshore steam and hot water.
Investors in PARAT
PARAT has secured backing from 1 investor. Prominent investors backing the company include Babcock Wanson.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Industrial heating equipment is designed and supplied by Babcock Wanson. | 1898 | babcock-wanson.com | Chevilly Larue, France |
Investor details for PARAT
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- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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People of PARAT
1 people are tracked at PARAT (1 in leadership); the tracked headcount is 86.
| Name | Role | Group |
|---|---|---|
Yngve M Halvorsen | CEO | Leadership |
Complete people profiles for PARAT
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Timeline of PARAT
2 dated milestones of PARAT across 181 years, from founding to its latest funding, stage changes and deals.
- Founded PARAT is founded.
- Exit Acquired by Babcock Wanson.
Web traffic of PARAT
The website of PARAT (parat.no) receives about 4.8K visits a month.
- Monthly visits4.8K
▼ 31.4% vs previous month
Websites whose visitors overlap most with PARAT. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
gcesystems.com | gcesystems.com | 100% | – | – | – |
hansgrohe.de | hansgrohe.de | 64% | – | #224,861 | – |
| keuco.de | 64% | – | – | View details | |
hafa.se | hafa.se | 64% | – | #604,748 | – |
smedbo.com | smedbo.com | 64% | – | #2,002,272 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 11 similar websites and full traffic analytics for PARAT
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 11 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Similar companies to PARAT
10 companies that operate in the same segment as PARAT (Contract & Outsourced Manufacturing), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Designer and producer of intelligent products, automotive electronics manufacturing, and logistics services | 1969 | San Jose, California, United States | – | USD 27.91 B | 147,980 | |
Electronic products and components are manufactured globally by Foxconn. | 1974 | Taipei, Taiwan | – | – | 12,716 | |
Industrial components, mould bases, and storage solutions are manufactured globally. | 1986 | Coimbatore, Tamil Nadu, India | USD 28 M | USD 853.09 M | 3,060 | |
Automotive components are manufactured and supplied to OEMs. | 1957 | Aurora, Ontario, Canada | – | USD 42.92 B | 170,000 | |
Single- and three-phase transformers are manufactured in Mumbai. | 1993 | Mumbai, Maharashtra, India | USD 22.67 M | USD 114.37 M | 618 | |
Equipment and parts for HVAC/R industry are supplied. | 1956 | Miami, Florida, United States | – | USD 7.24 B | 7,290 | |
Smart hardware and vehicle electronics are manufactured on contract. | 2005 | Pudong, Shanghai, China | USD 431.15 M | USD 24.45 B | – | |
Clas Ohlson was founded in 1918 in Insjön, Sweden. | 1918 | Insjon, Dalarna, Sweden | – | USD 1.35 B | – | |
Application-oriented research is conducted in bioeconomy, AI, and climate technologies. | 1949 | Darmstadt, Hesse, Germany | USD 23.27 M | – | – | |
Apparel and clothing are manufactured and exported on contract. | 1979 | Bengaluru, Karnataka, India | – | USD 400 M | 40,280 |
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Frequently Asked Questions about PARAT
PARAT was founded in 1842.
PARAT is headquartered in Flekkefjord, Norway. It is registered at Flekkefjord, Agder, Norway.
Yngve M Halvorsen is the current CEO of PARAT.
PARAT has 86 employees.
Annual revenue of PARAT is $37.53M as on Dec 31, 2022.
PARAT Halvorsen AS is involved in the design and production of high-voltage electrode boilers and electric element boilers for steam and hot water applications. The company serves both industrial and offshore sectors with efficient heating solutions. Products are developed to support clean energy initiatives, contributing to grid stabilization and decarbonization efforts. Worldwide service and support for steam boilers and heating systems are provided by a dedicated team. Collaborations with global partners on innovative projects are also undertaken to enhance energy efficiency.
PARAT offers PARAT IEH High Voltage Electrode Boiler, PARAT IEL Electric Element Boiler, PARAT IMT Degasser/Feed Water Tank, and PARAT MEH High Voltage Electrode Boiler.
PARAT has 1 investor. Key investors include Babcock Wanson.
PARAT operates through Parat Halvorsen As.
Yes. PARAT was acquired by Babcock Wanson in January 2023.