Welltec builds and designs conveyance systems used to repair and maintain oil and gas wells.
Portfolio
Return to Portfolio Search
Welltec
Welltec develops and manufactures the world's leading conveyance systems for intervention in horizontal and deviated oil and gas wells. Welltec's main product provides high reliability, proven technological design and substantial cost-effectiveness.
Exit Summary: 9.9x gross cash-on-cash; 182% gross IRR
View the Welltec Video
- Acquired:
- June 2005
- Exited:
- July 2007
- Industry:
- Capital Goods
,
Energy and Natural Resources
,
Manufacturing
- Region:
- Europe
- Location:
- Allerod, Denmark
- Fund:
- Riverside Europe Fund
(
II
)
- Add-on Acquisitions:
-
Heatseekers, Ltd. Of Calgary Alberta (December 2005)
- Website:
- http://www.welltec.dk/