About Wenco
Wenco is a company based in Richmond (Canada) founded in 1983 was acquired by Hitachi Construction Machinery in July 2009.. Wenco has completed 1 acquisition, including Wenco Mining Systems. Wenco offers products and services including Fleet Management, Dispatching, Machine Guidance, and Asset Health. Wenco operates in a competitive market with competitors including Dassault Systems, Kuchera, KiarX, Minehaul and INTELICS, among others.
- Headquarter Richmond, Canada
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Sectors
Natural Resources
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Email
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Phone
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Website
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Social
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- Legal Name Wenco International Mining Systems Ltd.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Hitachi Construction Machinery
(Jul 03, 2009)
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Products & Services of Wenco
Wenco offers a comprehensive portfolio of products and services, including Fleet Management, Dispatching, Machine Guidance, and Asset Health. 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.
System for optimizing mining fleet operations and productivity.
Software to improve truck cycles and save operating hours.
Tools for high-precision drilling and digging in mines.
Platform to track equipment condition and reduce costs.
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Funding Insights of Wenco
| 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 Wenco
Wenco has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Hitachi Construction Machinery. 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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Construction equipment is manufactured for global infrastructure projects.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Wenco
Wenco has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Wenco Mining Systems. 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 |
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Fatigue monitoring systems are provided using EEG and algorithms.
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2011 |
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OVO is recognized as a smart digital payment application.
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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 - Wenco
| 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 |
Wenco Comparisons
Competitors of Wenco
Wenco operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Dassault Systems, Kuchera, KiarX, Minehaul and INTELICS, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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SaaS-driven BIM and 3D modeling solutions are offered for construction.
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Offers real-time asset management and optimization tools for mining operations worldwide.
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Mines management platform is provided for mining operations.
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Offers a platform for optimized haulage solutions in the mining industry.
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Provides comprehensive solutions for mining operations management.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Wenco
Frequently Asked Questions about Wenco
When was Wenco founded?
Wenco was founded in 1983.
Where is Wenco located?
Wenco is headquartered in Richmond, Canada. It is registered at Richmond, British Columbia, Canada.
Who is the current CEO of Wenco?
Andrew Pyne is the current CEO of Wenco.
What does Wenco do?
Wenco was founded in 1983 and is based in Richmond, Canada. Mining systems for performance management are developed and supplied, encompassing fleet management, maintenance management, machine guidance, and safety management. Operations are supported through cloud and IoT-based software designed to oversee mine activities across various sites.
Who are the top competitors of Wenco?
Wenco's top competitors include Dassault Systems, KiarX and Kuchera.
What products or services does Wenco offer?
Wenco offers Fleet Management, Dispatching, Machine Guidance, and Asset Health.
How many acquisitions has Wenco made?
Wenco has made 1 acquisition, including Wenco Mining Systems.
Who are Wenco's investors?
Wenco has 1 investor. Key investors include Hitachi Construction Machinery.
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