About VPS
VPS is a company based in Rotterdam (Netherlands) founded in 1981 was acquired by Fremman in June 2021. It operates as a Professional Services, and Managed Services. VPS has completed 1 acquisition, including Emsys Maritime. VPS offers products and services including Fuel Quality Testing, Bunker Quantity Surveys, Oil Condition Monitoring, Transformer Oil Testing, and Digital & Decarb Solutions.
- Headquarter Rotterdam, Netherlands
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Sectors
Chemicals & Materials
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Veritas Petroleum Services
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$95 M (USD), Debt – Conventional
Oct 30, 2018
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Investors
IK Partners
& 2 more
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Employee Count
Employee Count
- Investments & Acquisitions
- Acquired by
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Products & Services of VPS
VPS offers a comprehensive portfolio of products and services, including Fuel Quality Testing, Bunker Quantity Surveys, Oil Condition Monitoring, Transformer Oil Testing, and Digital & Decarb Solutions. 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.
Fuel quality is tested to ensure operational reliability.
Bunker quantities are surveyed for accurate fuel measurement.
Oil condition is monitored to prevent equipment failure.
Transformer oil is tested for electrical equipment safety.
Digital solutions are provided for decarbonisation in shipping.
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Funding Insights of VPS
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $95.0M
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First Round
First Round
(30 Oct 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2018 | Amount | Debt – Conventional - VPS | Valuation |
investors |
| 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 |
Investors in VPS
VPS has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include IK Partners, Willkie Farr & Gallagher and Fremman Capital. 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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Private equity investments are directed toward small and medium-sized businesses.
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Founded Year | Domain | Location | |
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Legal solutions are provided for complex business-critical issues.
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Founded Year | Domain | Location | |
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Fremman Capital is engaged in lower mid-market investments across Europe.
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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 VPS
VPS has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Emsys Maritime. 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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Marine emissions monitoring systems are manufactured by Emsys Maritime.
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2016 |
| 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 - VPS
| 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 |
Vps Comparisons
Competitors of VPS
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 VPS
When was VPS founded?
VPS was founded in 1981 and raised its 1st funding round 37 years after it was founded.
Where is VPS located?
VPS is headquartered in Rotterdam, Netherlands. It is registered at Rotterdam, South Holland, Netherlands.
Who is the current CEO of VPS?
Malcolm Cooper is the current CEO of VPS.
What does VPS do?
VPS is involved in providing fuel and oil testing services for the marine, power, and renewables sectors. Innovative solutions are developed to support decarbonisation in shipping, including digital tools and advisory services. Partnerships with global organizations are maintained to explore low-carbon fuels through RD and sea trials. The focus is placed on protecting assets, ensuring safety, and promoting sustainable operations for customers worldwide.
What products or services does VPS offer?
VPS offers Fuel Quality Testing, Bunker Quantity Surveys, Oil Condition Monitoring, Transformer Oil Testing, and Digital & Decarb Solutions.
How many acquisitions has VPS made?
VPS has made 1 acquisition, including Emsys Maritime.
Who are VPS's investors?
VPS has 3 investors. Key investors include IK Partners, Willkie Farr & Gallagher, and Fremman Capital.