Welltec Overview

  • Year Founded
  • 1994

Year Founded

  • Status
  • Private

  • Employees
  • 850


  • Latest Deal Type
  • PE Growth

  • Financing Rounds
  • 11

  • Investments
  • 3

Welltec General Information


Provider of robotic technology designed for well technologies and services in the energy industry. The company's development of a robotic conveyance tool enables oil and gas operators to extend their reach in highly deviated wells to optimize production and has applications for open and cased hole logging, clean-out, perforating, milling and coiled tubing stimulation and mechanical assistance.

Contact Information

Ownership Status
Privately Held (backing)
Financing Status
Private Equity-Backed
Primary Industry
Oil and Gas Equipment
Other Industries
Other Equipment
Other Energy Services
Corporate Office
  • Gydevang 25
  • 3450 Alleroed
  • Denmark
+45 48 00 00 00

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Welltec Valuation & Funding

Deal Type Date Amount Valuation/
Post-Val Status Debt

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Welltec Comparisons

HQ Location
Total Raised
Post Valuation
Provider of robotic technology designed for well technologies and services in the energy industry. The company's develop
Oil and Gas Equipment
Alleroed, Denmark
850 As of 2022
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000 00

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000 000 000 00000000
Houston, TX
000 As of 0000
00000 0000-00-00
00000000 00000

000 00

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000 000 000 00000000
Austin, TX
000 As of 0000
000000000 00 00.000
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Welltec Competitors (13)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
NCS Multistage Private Equity-Backed Houston, TX 000 00000 00000000 00000
USA Compression Partners Formerly PE-Backed Austin, TX 000 00.000 000000000 00 00.000
Innovex Downhole Solutions Private Equity-Backed Humble, TX 0000 0000 000000000000
Weatherford International Corporation Houston, TX 00000 00.000 000000000 00 00.000
Aker Solutions Corporation Lysaker, Norway 00000 00000000000
You’re viewing 5 of 13 competitors. Get the full list »

Welltec Patents

Welltec Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
EP-4276272-A1 Downhole tool string Pending 11-May-2022 000000000 00
US-20230340847-A1 Downhole tool string Pending 20-Apr-2022 00000000000
EP-4245959-A1 Wireline expansion tool Pending 16-Mar-2022 000000000 0
US-20230295994-A1 Wireline expansion tool Pending 16-Mar-2022 000000000 0
EP-4194662-A1 Downhole wireline tool Inactive 07-Dec-2021 E21B4/10 0
To view Welltec’s complete patent history, request access »

Welltec Executive Team (10)

Name Title Board Seat Contact Info
Peter Hansen Chief Executive Officer
Michael Christensen Chief Financial Officer
Tommy Eikeland Chief Commercial Officer
You’re viewing 3 of 10 executive team members. Get the full list »

Welltec Board Members (4)

Name Representing Role Since
000000 0000000 Exor Board Member 000 0000
00000 0000000-0000 Self Chairman of the Board of Directors 000 0000
You’re viewing 2 of 4 board members. Get the full list »

Welltec Signals

Growth Rate

0.80% Weekly
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers


Similarweb Unique Visitors


Majestic Referring Domains


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Welltec Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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Welltec Investments (3)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Autentik 28-Feb-2023 0000000000 Oil and Gas Equipment 00000 000
Isealate 24-May-2022 0000000000 Other Commercial Products 00000 000
Welltec Wireline Services 01-Dec-2005 Buyout/LBO 000.00 Oil and Gas Equipment
To view Welltec’s complete investments history, request access »

Welltec Subsidiaries (2)

Company Name Industry Location Founded
Isealate Other Commercial Products Rogaland, Norway 2017
Autentik Oil and Gas Equipment Stavanger, Norway 0000
To view Welltec’s complete subsidiaries history, request access »

Welltec FAQs

  • When was Welltec founded?

    Welltec was founded in 1994.

  • Who is the founder of Welltec?

    Jørgen Hallundbæk is the founder of Welltec.

  • Who is the CEO of Welltec?

    Peter Hansen is the CEO of Welltec.

  • Where is Welltec headquartered?

    Welltec is headquartered in Alleroed, Denmark.

  • What is the size of Welltec?

    Welltec has 850 total employees.

  • What industry is Welltec in?

    Welltec’s primary industry is Oil and Gas Equipment.

  • Is Welltec a private or public company?

    Welltec is a Private company.

  • What is Welltec’s current revenue?

    The current revenue for Welltec is 00000.

  • How much funding has Welltec raised over time?

    Welltec has raised $417M.

  • Who are Welltec’s investors?

    Exor and 7 Industries Holding have invested in Welltec.

  • Who are Welltec’s competitors?

    NCS Multistage, USA Compression Partners, Innovex Downhole Solutions, Weatherford International, and Aker Solutions are some of the 13 competitors of Welltec.

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