About Well Services Group
Well Services Group is a company based in Emmen (Netherlands) founded in 2005. It operates as a well intervention and testing services are provided for energy operations. Well Services Group has raised $8.64 million across 2 funding rounds from investors including Gimv and European Union. Well Services Group has completed 3 acquisitions, including Eftech International, Nitrovia and OSS Enviro. Well Services Group offers products and services including Coiled Tubing and Slickline. Its legal entity is Exlog.
Company details
Well Services Group was founded in 2005 in Emmen, Netherlands, as a provider of well intervention and testing services within the energy sector. Coiled tubing, slickline, and well testing are delivered to support oil, gas, and geothermal well optimization and maintenance. Advanced equipment is employed to address operational challenges and ensure well integrity. Multi-discipline valve repair, testing, and procurement are also handled, with operations structured for adaptability to client specifications.
- Headquarters Emmen, Netherlands
- Email••••••••
- Website wellservices-group.com
- Social LinkedIn X Facebook
- Legal Name Exlog
- Total Equity Funding$8.64M (USD)
in 2 rounds
- Latest Funding Round$816.52K (USD), Grant
Mar 2016
- InvestorsGimv
& 1 more
- Investments & AcquisitionsEftech International
& 2 more
Products & Services of Well Services Group
Well Services Group offers a comprehensive portfolio of products and services, including Coiled Tubing and Slickline.
Coiled tubing services are offered to ensure that well sites are maintained at optimum production levels through flexible engineering and rapid deployment of technology.
Slickline services are provided to deliver added value in construction, refinery turnaround, and pipeline maintenance with innovative solutions.
Funding Insights of Well Services Group
Well Services Group has successfully raised a total of $8.64M across 2 strategic funding rounds. The most recent funding activity was a Grant round of $816.52 thousand completed in March 2016. 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.
- Total Funding $8.64M
- Total Rounds 2
- Last Round Grant — $816,521
- First Round $8.64M
(Dec 2014)
- Investors Count 2
All 2 funding rounds of Well Services Group with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2016 | $816,521 | Grant | – | – | |
| Dec 2014 | $8.64M | Series A | – | Gimv | – |
2 investors in total: 2 institutional.
Investors in Well Services Group
Well Services Group has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Gimv and European Union.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity firm | 1980 | gimv.com | Antwerp, Belgium | |
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium |
Investor details for Well Services Group
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Well Services Group
20 people are tracked at Well Services Group (8 in leadership, 12 in team).
| Name | Role | Group |
|---|---|---|
Steve Jones | European Regional Director | Leadership |
Andrew Burrell | CEO of Process, Pipeline & Industrial Services | Leadership |
Geert Prins | CEO | Leadership |
Koos Frieling | Chief Technology Officer | Leadership |
John Guy | COO | Leadership |
Daniel Fenoughty | Finance Director, UK | Leadership |
Dan F. | Chief Financial Officer | Leadership |
Dean Schneider | Vice President Technical Operations | Leadership |
Ismail Mallem | E-line Engineer Trainee | Team |
Neil Mortimore | Operations Support Engineer | Team |
Hauke Schulz | Account Manager & Operations Coordinator Germany | Team |
Gary Todd | UK Process And Pipeline Integrated Service Manager | Team |
Dominique Rowling | Business Improvement Manager | Team |
Nana Akwasi Ankomah | Information Technology Coordinator | Team |
Mark Evans | JI Operations Manager | Team |
Jack Kaptijn | Ict-manager | Team |
René van der Veen | Group Financial Controller | Team |
Nikola Cerović | Coil Tubing Engineer | Team |
Matthew Cameron | PPS Operations Engineer | Team |
Dennis Hendrickx | Operations Coordinator | Team |
Complete people profiles for Well Services Group
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Well Services Group
Well Services Group has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Eftech International, Nitrovia and OSS Enviro.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Leak testing, pipeline displacement, and pigging services are provided. | nitrovia.tcc.mode | – | 0 | Feb 2023 | •••• | |
Provider of precomissioning, drilling, and maintenance services to the oil & gas | eftech-international.com | Johor Bahru, Malaysia | 2001 | Jun 2022 | •••• | |
Gas detection and analysis equipment services are provided worldwide. | ossenviro.com | – | 2019 | Mar 2020 | •••• |
Complete acquisition details for Well Services Group
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Well Services Group
6 dated milestones of Well Services Group across 18 years, from founding to its latest funding, stage changes and deals.
- Founded Well Services Group is founded.
- Funding First funding round of $8.6M.
- Funding Latest funding round, Grant, of $817K.
- Acquisition Acquires OSS Enviro.
- Acquisition Acquires Eftech International.
- Acquisition Acquires Nitrovia.
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Frequently Asked Questions about Well Services Group
Well Services Group was founded in 2005 and raised its 1st funding round 9 years after it was founded.
Well Services Group is headquartered in Emmen, Netherlands. It is registered at Emmen, Drenthe, Netherlands.
Well Services Group is a funded company, having raised a total of $8.64M across 2 funding rounds to date. The company's 1st funding round was a Series A of $8.64M, raised on Dec 2014.
Well Services Group was founded in 2005 in Emmen, Netherlands, as a provider of well intervention and testing services within the energy sector. Coiled tubing, slickline, and well testing are delivered to support oil, gas, and geothermal well optimization and maintenance. Advanced equipment is employed to address operational challenges and ensure well integrity. Multi-discipline valve repair, testing, and procurement are also handled, with operations structured for adaptability to client specifications.
Well Services Group offers Coiled Tubing and Slickline.
Well Services Group has made 3 acquisitions, including Eftech International, Nitrovia, and OSS Enviro.
Well Services Group has 2 investors. Key investors include Gimv, and European Union.
Well Services Group operates through Exlog.