About Quality Intervention
Quality Intervention is a company based in Balestrand (Norway) founded in 2008, and was acquired by Expro in July 2019. It operates as a development and manufacturing of equipment for upstream activities.
Company details
Quality Intervention develops and manufactures equipment for coiled tubing and well intervention. Products portfolio includes well circulation system for well cleaning nitrogen lifting; casing intervention system for rig workover; sealant injection systems; annulus top-up systems. Has developed a patented wireline safe beam system which claims to increase the efficiency of wireline operations.
- InvestorsFjord Invest
& 1 more
- Acquired byExpro
(Jul 2019)
Funding Insights of Quality Intervention
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Quality Intervention with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2014 | – | Seed | – | – |
2 investors in total: 2 institutional.
Investors in Quality Intervention
Quality Intervention has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Fjord Invest and Expro.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Risk capital is invested in growth companies in Western Norway. | – | fjordinvest.no | Førde, Norway | |
Expro is recognized as a full-cycle energy services expert. | – | exprogroup.com | Reading, United Kingdom |
Investor details for Quality Intervention
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Quality Intervention
3 dated milestones of Quality Intervention across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Quality Intervention is founded.
- Funding First funding round.
- Exit Acquired by Expro.
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Frequently Asked Questions about Quality Intervention
Quality Intervention was founded in 2008 and raised its 1st funding round 6 years after it was founded.
Quality Intervention is headquartered in Balestrand, Norway. It is registered at Balestrand, Vestland, Norway.
Quality Intervention develops and manufactures equipment for coiled tubing and well intervention. Products portfolio includes well circulation system for well cleaning nitrogen lifting; casing intervention system for rig workover; sealant injection systems; annulus top-up systems. Has developed a patented wireline safe beam system which claims to increase the efficiency of wireline operations.
Quality Intervention has 2 investors. Key investors include Fjord Invest, and Expro.
Yes. Quality Intervention was acquired by Expro in July 2019.