About STATS Group
STATS Group is a company based in Inverurie (United Kingdom) founded in 1998 was acquired by Mitsui in July 2023. STATS Group has raised $18.91 million across 2 funding rounds from investors including Mitsui & Co, Snap Ring Joint and BGF. The company has 311 employees as of December 31, 2021. STATS Group has completed 1 acquisition, including Pipelines 2 Data. STATS Group offers products and services including Pipeline Isolation and Hot Tapping and Line Plugging.
- Headquarter Inverurie, United Kingdom
- Employees 311 as on 31 Dec, 2021
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Stats Group Ltd
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Annual Revenue
$40.62 M (USD)-16as on Dec 31, 2016
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Net Profit
-$1.8 M (USD)-67as on Dec 31, 2016
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EBITDA
Not available
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Total Equity Funding
$18.91 M (USD)
in 2 rounds
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Latest Funding Round
$6.7 M (USD), Series B
Jan 01, 2015
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Investors
Mitsui & Co.
& 2 more
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Employee Count
311
as on Dec 31, 2021
- Investments & Acquisitions
- Acquired by
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Products & Services of STATS Group
STATS Group offers a comprehensive portfolio of products and services, including Pipeline Isolation and Hot Tapping and Line Plugging.
Pipeline isolation services are provided to enable safe maintenance and repair of infrastructure in the energy sector.
Hot tapping and line plugging services are offered to facilitate repairs and modifications without full system shutdowns.
Funding Insights of STATS Group
STATS Group has successfully raised a total of $18.91M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $6.7 million completed in January 2015. 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.
Investors in STATS Group
STATS Group has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Mitsui & Co, Snap Ring Joint and BGF.
| Investor | Description | Founded Year | Domain | Location |
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Early & Growth stage tech & offline focused VC firm funding companies in the UK & Ireland
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Traditional conglomerate services are provided across multiple sectors by Mitsui.
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Locked | Locked | Locked | |
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Asset integrity management solutions and consulting services are offered.
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Locked | Locked | Locked |
Investor details for STATS Group
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by STATS Group
STATS Group has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Pipelines 2 Data.
Investment portfolio details for STATS Group
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- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Pipeline and pigging support management services are provided.
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Locked | Locked | 2007 | Locked |
Complete acquisition details for STATS Group
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Financial Statements - STATS Group
Detailed financials for STATS Group
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Stats Group Comparisons
Peer comparison for STATS Group
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Competitors of STATS Group
Detailed competitors of STATS Group
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Latest news on Stats Group
Complete news archive for STATS Group
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Frequently Asked Questions about STATS Group
STATS Group was founded in 1998 and raised its 1st funding round 14 years after it was founded.
STATS Group is headquartered in Inverurie, United Kingdom. It is registered at Inverurie, Scotland, United Kingdom.
Leigh Howarth is the current CEO of STATS Group.
STATS Group is a funded company, having raised a total of $18.91M across 2 funding rounds to date.
As of Dec 31, 2021, the latest employee count at STATS Group is 311.
Annual revenue of STATS Group is $40.62M as on Dec 31, 2016.
Provider of pipeline isolation, hot tapping, and plugging services. These services enable safe and efficient maintenance and repair of onshore, topsides, and subsea pipeline infrastructure. The company supplies pressurised pipeline isolation tools and offers hot-work barriers and localised hydrostatic test tools. Mechanical pipe connectors are also provided as an alternative to welding, reducing costs and risks. Services cover the entire lifecycle of hydrocarbon assets, from construction and maintenance to decommissioning and new energy applications. Subsea solutions include inline isolation plugs, hot tapping and line plugging equipment, mechanical connectors, repair clamps, and pipeline retrieval tools. Topside and onshore solutions encompass inline isolation plugs, hot tapping and line plugging equipment, mechanical connectors, repair clamps, and weld test tools. Emergency pipeline repair systems are also offered to minimize downtime following incidents. Engineered solutions address complex pipeline integrity challenges.
STATS Group offers Pipeline Isolation and Hot Tapping and Line Plugging.
STATS Group has made 1 acquisition, including Pipelines 2 Data.
STATS Group has 3 investors. Key investors include Mitsui & Co, Snap Ring Joint, and BGF.