Vector Group (Oil and Gas Equipment) Overview

  • Year Founded
  • 1987

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 280

Employees

  • Latest Deal Type
  • M&A

  • Financing Rounds
  • 3

  • Investments
  • 2

Vector Group (Oil and Gas Equipment) General Information

Description

Manufacturer and supplier of sealing products for the upstream segment of the oil and gas market based in Drammen, Norway. The company primarily serves the offshore oil and gas platforms, floating production units, storage and offloading (FPSO) vessels, subsea riser, swivel, flow-line and manifold applications and refineries and petrochemical plants.

Contact Information

Website
www.vectortg.com
Ownership Status
Acquired/Merged
Financing Status
Formerly PE-Backed
Corporate Office
  • C.O. Lunds GT. 24
  • PO Box 2176
  • 3003 Drammen
  • Norway
Primary Industry
Oil and Gas Equipment
Other Industries
Other Commercial Products
Other Energy Services
Acquirer
Freudenberg
Vertical(s)
Manufacturing, Oil & Gas
Corporate Office
  • C.O. Lunds GT. 24
  • PO Box 2176
  • 3003 Drammen
  • Norway

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Vector Group (Oil and Gas Equipment) Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA		 Post-Val Status Debt

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Vector Group (Oil and Gas Equipment) Patents

  • 14

    Total Documents Applications and Grants

  • Total Patents Families

  • 8

    Granted

  • 1

    Pending

  • Expiring in next 12 mo

Vector Group (Oil and Gas Equipment) Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
CA-3062228-A1 Slurry injection system and method for operating the same Pending 26-Nov-2018
US-20200011340-A1 Thrust bearing system and method for operating the same Active 23-May-2017
CA-3060982-A1 Thrust bearing system and method for operating the same Active 23-May-2017
CA-3060982-C Thrust bearing system and method for operating the same Active 23-May-2017
CA-3059499-C Method and system for injecting slurry using concentrated slurry pressurization Inactive 10-Feb-2017 F16K11/048
To view Vector Group (Oil and Gas Equipment)’s complete patent history, request access »

Vector Group (Oil and Gas Equipment) Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

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Majestic Referring Domains

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Vector Group (Oil and Gas Equipment) Former Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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Vector Group (Oil and Gas Equipment) Investments (2)

Vector Group (Oil and Gas Equipment)’s most recent deal was a Buyout/LBO with ICARUS (Industrial Supplies and Parts). The deal was made on 21-May-2007.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
ICARUS (Industrial Supplies and Parts) 21-May-2007 Buyout/LBO Industrial Supplies and Parts
Nobex Corporation 03-Jun-1999 Later Stage VC Pharmaceuticals
To view Vector Group (Oil and Gas Equipment)’s complete investments history, request access »

Vector Group (Oil and Gas Equipment) Exits (2)

Vector Group (Oil and Gas Equipment)’s most recent exit was on 21-May-2007 from ICARUS (Industrial Supplies and Parts). The exit was categorized as with 3 buyers.

Company Name Exit Date Exit Type Exit Size Status Buyers
ICARUS (Industrial Supplies and Parts) 21-May-2007 Completed
  • 3 buyers
Nobex Corporation 03-Jun-1999 Later Stage VC Completed
  • 5 buyers
To view Vector Group (Oil and Gas Equipment)’s complete exits history, request access »

Vector Group (Oil and Gas Equipment) Affiliates

Subsidiaries (1)

Name Industry Location Year Founded
FREUDENBERG OIL & GAS TECHNOLOGIES (Norway) Drammen, Norway 1990

Vector Group (Oil and Gas Equipment) FAQs

  • When was Vector Group (Oil and Gas Equipment) founded?

    Vector Group (Oil and Gas Equipment) was founded in 1987.

  • Where is Vector Group (Oil and Gas Equipment) headquartered?

    Vector Group (Oil and Gas Equipment) is headquartered in Drammen, Norway.

  • What is the size of Vector Group (Oil and Gas Equipment)?

    Vector Group (Oil and Gas Equipment) has 280 total employees.

  • What industry is Vector Group (Oil and Gas Equipment) in?

    Vector Group (Oil and Gas Equipment)’s primary industry is Oil and Gas Equipment.

  • Is Vector Group (Oil and Gas Equipment) a private or public company?

    Vector Group (Oil and Gas Equipment) is a Private company.

  • What is Vector Group (Oil and Gas Equipment)’s current revenue?

    The current revenue for Vector Group (Oil and Gas Equipment) is .

  • How much funding has Vector Group (Oil and Gas Equipment) raised over time?

    Vector Group (Oil and Gas Equipment) has raised $75.5M.

  • Who are Vector Group (Oil and Gas Equipment)’s investors?

    Four Seasons Venture Capital, HitecVision, and Verdane have invested in Vector Group (Oil and Gas Equipment).

  • When was Vector Group (Oil and Gas Equipment) acquired?

    Vector Group (Oil and Gas Equipment) was acquired on 11-Jan-2013.

  • Who acquired Vector Group (Oil and Gas Equipment)?

    Vector Group (Oil and Gas Equipment) was acquired by Freudenberg.

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