About Unitech Power Systems
Unitech Power Systems is a company based in Stavanger (Norway) founded in 1985 by Inge Bent Kindem was acquired by Aker Solutions in February 2022. It operates as a Professional Services. The company has 32 employees as of December 31, 2022. Unitech Power Systems offers products and services including Power System Analysis, Electrical Safety Consulting, and Subsea Power Systems.
- Headquarter Stavanger, Norway
- Employees 32 as on 31 Dec, 2022
- Founders Inge Bent Kindem
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Unitech Power Systems As
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Annual Revenue
$8.74 M (USD)16as on Dec 31, 2022
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Net Profit
$41.58 K (USD)-95as on Dec 31, 2022
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EBITDA
$1.14 M (USD)7as on Dec 31, 2022
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Latest Funding Round
- Investors
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Employee Count
32
as on Dec 31, 2022
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Acquired by
Aker Solutions
(Feb 07, 2022)
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Products & Services of Unitech Power Systems
Unitech Power Systems offers a comprehensive portfolio of products and services, including Power System Analysis, Electrical Safety Consulting, and Subsea Power Systems. 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.
Power systems are analyzed for efficiency and reliability purposes.
Electrical safety solutions are provided for various industrial sectors.
Subsea power systems are designed for offshore applications.
Funding Insights of Unitech Power Systems
| 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 Unitech Power Systems
Unitech Power Systems has secured backing from 1 investor. Prominent investors backing the company include Aker Solutions. 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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Diversified solutions for oil and gas operations are provided worldwide.
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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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Founded Year | Domain | Location | |
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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 Unitech Power Systems
| 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 |
Financial Statements - Unitech Power Systems
| 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 |
investors |
Unitech Power Systems Comparisons
Competitors of Unitech Power Systems
| 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 Unitech Power Systems
When was Unitech Power Systems founded?
Unitech Power Systems was founded in 1985.
Where is Unitech Power Systems located?
Unitech Power Systems is headquartered in Stavanger, Norway. It is registered at Stavanger, Rogaland, Norway.
How many employees does Unitech Power Systems have?
As of Dec 31, 2022, the latest employee count at Unitech Power Systems is 32.
What is the annual revenue of Unitech Power Systems?
Annual revenue of Unitech Power Systems is $8.74M as on Dec 31, 2022.
What does Unitech Power Systems do?
Unitech Power Systems is involved in the design, analysis, and revision of power systems across various sectors including offshore wind, oil and gas, renewable energy, maritime, and industrial applications. Services offered include electrical safety consulting, power system analyses, grid connection solutions, and subsea power systems. The company also provides training through courses and seminars, notably the Unitech Electrical Conference, which has been held multiple times since 2011. Operations are focused on delivering sustainable and efficient energy solutions to clients in Norway and the Nordic region.
What products or services does Unitech Power Systems offer?
Unitech Power Systems offers Power System Analysis, Electrical Safety Consulting, and Subsea Power Systems.
Who are Unitech Power Systems's investors?
Unitech Power Systems has 1 investor. Key investors include Aker Solutions.