Thermotech AS

Haugesund, Norway Founded: 1987 • Age: 39 yrs Acquired By Indutrade
Thermotech AS is recognized as a leading supplier of quality services and equipment in heat treatment and industrial solutions.

About Thermotech AS

Thermotech AS is a company based in Haugesund (Norway) founded in 1987 was acquired by Indutrade in October 2012. It operates as a Professional Services. The company has 34 employees as of December 31, 2022. Thermotech AS offers products and services including Heat Treatment, Mobile Machining, Leak Sealing, Bolt Tightening, and Calibration.

  • Headquarter Haugesund, Norway
  • Employees 34 as on 31 Dec, 2022
  • Sectors
    Industrial Goods & Manufacturing
  • Phone
    *********
  • Website
    *********
  • Legal Name Thermotech As
Operational Areas
Industrial Goods & Manufacturing → Contract & Custom Manufacturing
Key Metrics
  • Annual Revenue
    $7.95 M (USD)
    79
    as on Dec 31, 2022
  • Net Profit
    $1.72 M (USD)
    204
    as on Dec 31, 2022
  • EBITDA
    $2.17 M (USD)
    187
    as on Dec 31, 2022
  • Latest Funding Round
  • Investors
  • Employee Count
    34

    as on Dec 31, 2022

  • Acquired by
    Indutrade

    (Oct 13, 2012)

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Products & Services of Thermotech AS

Thermotech AS offers a comprehensive portfolio of products and services, including Heat Treatment, Mobile Machining, Leak Sealing, Bolt Tightening, and Calibration. 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.

Primary

Heat treatment services are provided for industrial applications.

Mobile machining services are offered for on-site repairs.

Leak sealing solutions are delivered for critical systems.

Bolt tightening services are provided for secure installations.

Calibration services are offered for equipment accuracy checks.

Funding Insights of Thermotech AS

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Thermotech AS

Thermotech AS has secured backing from 1 investor. Prominent investors backing the company include Indutrade. 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.

All
Investor Description Founded Year Domain Location
Components and systems are supplied to various industries.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Thermotech AS

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Thermotech AS

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Thermotech As Comparisons

Employees
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Competitors of Thermotech AS

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Thermotech As

Frequently Asked Questions about Thermotech AS

When was Thermotech AS founded?

Thermotech AS was founded in 1987.

Where is Thermotech AS located?

Thermotech AS is headquartered in Haugesund, Norway. It is registered at Haugesund, Rogaland, Norway.

How many employees does Thermotech AS have?

As of Dec 31, 2022, the latest employee count at Thermotech AS is 34.

What is the annual revenue of Thermotech AS?

Annual revenue of Thermotech AS is $7.95M as on Dec 31, 2022.

What does Thermotech AS do?

Thermotech AS is established as a prominent provider of specialized industrial services and equipment, focusing on heat treatment, mobile machining, leak sealing, bolt tightening, and calibration. Services are offered both onshore and offshore, catering primarily to the oil and gas industry. With over 35 years of experience, the company is known for delivering quality under varying and critical conditions. Collaboration with major players in the sector has been maintained, ensuring reliability and expertise in project management.

What products or services does Thermotech AS offer?

Thermotech AS offers Heat Treatment, Mobile Machining, Leak Sealing, Bolt Tightening, and Calibration.

Who are Thermotech AS's investors?

Thermotech AS has 1 investor. Key investors include Indutrade.

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