About Solex
Solex is a company based in Calgary (Canada) founded in 1997 was acquired by Anders Invest in September 2022. It operates as a Professional Services, and Product-as-a-Service. Solex has completed 1 acquisition, including Econotherm. Solex offers products and services including Heating Solutions, Cooling Solutions, Drying Solutions, and Conditioning Technology.
- Headquarter Calgary, Canada
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Sectors
Industrial Goods & ManufacturingEnergy & Utilities
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Phone
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Website
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Social
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- Legal Name Solex
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Anders Invest
(Sep 25, 2022)
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Products & Services of Solex
Solex offers a comprehensive portfolio of products and services, including Heating Solutions, Cooling Solutions, Drying Solutions, and Conditioning Technology. 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.
Bulk solids are heated using water or steam.
Bulk solids are cooled with minimal emissions output.
Bulk solids are dried efficiently without product loss.
Oilseeds are conditioned for optimal oil extraction process.
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Funding Insights of Solex
| 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 |
Investors in Solex
Solex has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Anders Invest. 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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Long-term investments in Dutch industry, real estate, and food sectors are managed by Anders Invest.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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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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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Solex
Solex has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Econotherm. 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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Heat pipes and steam generators are manufactured for industrial applications.
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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 - Solex
| 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 |
Solex Comparisons
Competitors of Solex
| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Frequently Asked Questions about Solex
When was Solex founded?
Solex was founded in 1997.
Where is Solex located?
Solex is headquartered in Calgary, Canada. It is registered at Calgary, Alberta, Canada.
What does Solex do?
Solex is established as a global market leader in high-efficiency, indirect heat exchange technology. Solutions are provided for heating, cooling, drying, and energy recovery of solids, liquids, and gases. Over 1,300 heat exchangers have been installed across more than 50 countries. Applications are focused on industries such as fertilizers, oilseeds, chemicals, polymers, and minerals. Expansion into the energy transition sector is noted, with collaborations on decarbonization, waste heat recovery, and carbon capture technologies.
What products or services does Solex offer?
Solex offers Heating Solutions, Cooling Solutions, Drying Solutions, and Conditioning Technology.
How many acquisitions has Solex made?
Solex has made 1 acquisition, including Econotherm.
Who are Solex's investors?
Solex has 1 investor. Key investors include Anders Invest.