About Primetals Technologies
Primetals Technologies is a company based in Chiswick (United Kingdom) founded in 2015 was acquired by Mitsubishi Heavy Industries in September 2019.. Primetals Technologies has completed 1 acquisition, including ABP Induction. Primetals Technologies offers products and services including Steelmaking Solutions and Automation Services.
- Headquarter Chiswick, United Kingdom
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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
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- Legal Name Primetals Technologies
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$2.43 M (USD), Grant
May 01, 2015
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Investors
Mitsubishi Heavy Industries
& 1 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Mitsubishi Heavy Industries
(Sep 30, 2019)
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Products & Services of Primetals Technologies
Primetals Technologies offers a comprehensive portfolio of products and services, including Steelmaking Solutions and Automation 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.
Equipment for steelmaking processes is supplied by Primetals Technologies, covering converters and secondary metallurgy for industrial applications.
Automation and digital plants are offered by Primetals Technologies to enhance operations in metals production and intralogistics.
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Sales and Marketing
31 people
Software Development Team
30 people
Leadership Team
19 people
Finance and Accounting
11 people
Head Team
11 people
Senior Team
10 people
Operations Team
6 people
Human Resources and Administration
6 people
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Funding Insights of Primetals Technologies
- Total Funding Total Funding
- Total Rounds 1
- Last Round Grant — $2.4M
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First Round
First Round
(01 May 2015)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2015 | Amount | Grant - Primetals Technologies | 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 |
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Investors in Primetals Technologies
Primetals Technologies has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Mitsubishi Heavy Industries and European Union. 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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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Provider of research and development services focused on defense, energy system, and logistic services
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Primetals Technologies
Primetals Technologies has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include ABP Induction. 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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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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Induction furnaces and melting equipment are manufactured.
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| 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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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 - Primetals Technologies
| 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 |
Primetals Technologies Comparisons
Competitors of Primetals Technologies
| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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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 Primetals Technologies
Frequently Asked Questions about Primetals Technologies
When was Primetals Technologies founded?
Primetals Technologies was founded in 2015.
Where is Primetals Technologies located?
Primetals Technologies is headquartered in Chiswick, United Kingdom.
Who is the current CEO of Primetals Technologies?
Satoru Iijima is the current CEO of Primetals Technologies.
What does Primetals Technologies do?
Primetals Technologies was established in 2015 and is based in Chiswick, United Kingdom. Focus is placed on delivering ecological solutions, supply chain management, and quality services within the metal industry sector. Operations encompass support for sustainable metal production processes, logistics optimization, and compliance standards across various global markets. Expertise is applied to address environmental challenges and enhance efficiency in metal manufacturing and distribution.
What products or services does Primetals Technologies offer?
Primetals Technologies offers Steelmaking Solutions and Automation Services.
How many acquisitions has Primetals Technologies made?
Primetals Technologies has made 1 acquisition, including ABP Induction.
Who are Primetals Technologies's investors?
Primetals Technologies has 2 investors. Key investors include Mitsubishi Heavy Industries, and European Union.
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