The oilfield equipment suppliers industry in Europe is vital for supporting oil and gas exploration and production. Companies in this sector provide vital tools and technologies, including drilling rigs, pipeline systems, and subsea equipment. Many of these firms are investing in innovative solutions that prioritize safety, efficiency, and sustainability as the industry adapts to changing environmental regulations and market demands. Additionally, the growth of renewable energy is prompting many oilfield suppliers to diversify their offerings. Consequently, partnerships with tech startups and an emphasis on cutting-edge technology are shaping the future of this ever-evolving industry.


This article explores the landscape of oilfield equipment suppliers investors in Europe. Featured investors include private equity firms, corporate entities, and venture capitalists, each significantly impacting the industry. With headquarters spanning locations from Stavanger to London and Stockholm, these investors vary in size, from small teams to large multinational corporations. Founded within the last five decades, the 2024 deal counts range from venture investments to large acquisitions, highlighting their active roles in a rapidly changing market.


Top 17 Oilfield Equipment Suppliers Investors in Europe


1. Indutrade Life Science

  • Website: indutrade.se
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1978
  • Headcount: 1001-5000
  • Number of deals in 2024: 14
  • LinkedIn: indutrade-life-science

Indutrade Life Science is a corporate investor based in Stockholm, Sweden, founded in 1978. The company is part of an industrial group that emphasizes the development and acquisition of companies with high technical expertise across various sectors, including technology and industrial products. Indutrade operates through a decentralized structure, allowing its subsidiaries to maintain independence while benefiting from the group's resources. Notably, Indutrade has made several acquisitions relevant to the oilfield equipment suppliers industry, including Ingenjörsfirman Geotech Aktiebolag, which specializes in geotechnical field equipment, and Trelawny SPT Ltd, which may have applications in industrial cleaning and surface preparation, relevant to oilfield operations. These transactions reflect Indutrade's commitment to enhancing its portfolio with companies that provide innovative solutions for industrial applications, including those in the oil and gas sector.


2. EV Private Equity


EV Private Equity is a private equity investment firm based in Stavanger, Rogaland, Norway, founded in 2002. The firm specializes in energy technology and sustainable investments, partnering with management teams to enhance business strategies and drive emissions reduction in energy-intensive sectors. Notably, EV Private Equity has been involved in several transactions relevant to the oilfield equipment suppliers industry, including investments in Rival Downhole Tools, which raised $15 million in a private equity round in 2017, and Enpro Subsea, which also secured funding in 2018. Additionally, they have invested in Reach Production Solutions and Deep Casing Tools, further demonstrating their active role in the oilfield equipment sector. Their commitment to responsible investment practices positions them as a leader in the transition to a sustainable energy future.


3. Shell

  • Website: shell.com
  • Type: Corporate
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 1907
  • Headcount: 10001+
  • Number of deals in 2024: 20
  • LinkedIn: shell

Shell plc is a multinational oil and gas company based in London, England, founded in 1907. It operates across the energy and chemicals sectors, providing essential products such as fuels, lubricants, and chemical solutions. Shell is involved in the extraction, refining, and distribution of oil and gas, serving a diverse range of industries globally. In recent years, Shell has made significant investments in companies that align with oilfield operations and technology. For instance, they led a Series A financing round for Quantico Energy Solutions, which focuses on data-driven solutions for shale drilling, highlighting their commitment to enhancing oilfield efficiency. Additionally, Shell Ventures participated in the funding of Salamander Solutions, a spinout that aims to innovate within the energy sector. These transactions demonstrate Shell's active role in supporting advancements in oilfield equipment and technology, reinforcing their relevance as an investor in this sector.


4. Bgf

  • Website: bgf.co.uk
  • Type: Venture Capital
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 2011
  • Headcount: 51-200
  • Number of deals in 2024: 53
  • LinkedIn: bgfinvestments

BGF Investment Management Limited is a venture capital firm based in London, UK, founded in 2011. The firm focuses on providing growth funding and value creation support to small and mid-sized businesses in the UK and Ireland. BGF addresses the funding gap in the market through minority investments and extensive support services. Among their notable transactions, BGF has invested in Frontrow Energy Technology, providing GBP10 million to support its growth plans. They also invested in SPEX Group, a provider of oil and gas services, contributing £5 million to aid in international expansion and technology development. Additionally, BGF supported Isol8, an oil and gas services firm, with a £3.5 million investment aimed at long-term growth and the development of a zero-emissions product portfolio. These transactions highlight BGF's commitment to the oilfield equipment suppliers sector, making them a relevant investor in this space.


5. Maven Capital Partners

  • Website: mavencp.com
  • Type: Venture Capital
  • Headquarters: Glasgow, Scotland, United Kingdom (UK)
  • Founded year: 2009
  • Headcount: 51-200
  • Number of deals in 2024: 25
  • LinkedIn: maven-cp

Maven Capital Partners is a private equity firm based in Glasgow, Scotland, founded in 2009. The firm specializes in providing growth capital and investment solutions to small and mid-sized businesses across various sectors, including technology and healthcare. Notably, Maven has made significant investments in the oil and gas industry, including the acquisition of EFC Group for approximately $16.2 million in December 2009, which is involved in providing equipment and services to the oilfield sector. Additionally, in March 2011, Maven led an £8.5 million funding package to acquire two oil and gas businesses, Roberts Pipeline Machining and Wellclad, which were consolidated under the brand Glacier Energy Services. This new group aims to deliver a range of world-class technologies from their manufacturing facility in Central Scotland, further emphasizing Maven's commitment to the oilfield equipment suppliers market. Other transactions, such as their investment in Deep Casing Tools, also highlight their active role in supporting companies within this industry.


6. HitecVision

  • Website: hitecvision.com
  • Type: Private Equity
  • Headquarters: Stavanger, Rogaland, Norway
  • Founded year: 1985
  • Headcount: 51-200
  • LinkedIn: hitecvision

HitecVision is a private equity investment firm based in Stavanger, Rogaland, Norway, founded in 1985. The firm specializes in the European energy sector, focusing on providing institutional capital to energy production and infrastructure projects. HitecVision emphasizes sustainability and the energy transition, managing private equity funds and partnering with various stakeholders to drive growth in renewable energy and related industries. Notably, HitecVision has made several significant investments in the oilfield equipment suppliers sector, including the acquisition of AXON Energy Products in 2008, which specializes in providing equipment and services to the oil and gas industry. In 2013, they acquired Vryhof, a company known for its mooring solutions, and Deep Sea Mooring AS, a Norwegian mooring specialist. Additionally, they have been involved in funding rounds for companies like WellPartner and Energy Drilling, further demonstrating their active role in the oilfield equipment suppliers market.


7. Triton Partners


Triton Partners is a private equity investment firm based in Luxembourg, founded in 1997. The firm specializes in private equity and credit investments in European mid-market businesses, focusing on sectors such as Business Services, Industrial Tech, and Healthcare. Triton provides operational expertise and capital to help companies unlock their full potential, partnering with management teams to address challenges and drive growth. Notably, Triton has been involved in several significant transactions relevant to the oilfield equipment suppliers context, including the acquisition of MacGregor, a cargo handling specialist, for EUR 480 million, which is expected to enhance their portfolio in industrial equipment. Additionally, they are set to acquire Siemens Energy's Trench business, a leader in high-voltage grid components, further diversifying their investments in industrial technology that could support oilfield operations. These transactions highlight Triton's strategic focus on sectors that intersect with oilfield equipment and technology.


8. Addtech AB

  • Website: addtech.se
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1906
  • Headcount: 1001-5000
  • Number of deals in 2024: 9
  • LinkedIn: addtech-ab

Addtech AB is a corporate investor based in Stockholm, Sweden, founded in 1906. The company specializes in providing high-tech products and services across various sectors, including automation, electrification, energy, industrial solutions, and process technology. In 2023, Addtech acquired a 90% stake in Feritech Global, a company focused on bespoke technical solutions for the geotechnical subsea sector, which enhances its presence in offshore industries relevant to oilfield operations. Additionally, Addtech's acquisition of Advanced Valve Solutions B.V., a provider of engineered high-end valves, further solidifies its involvement in the oilfield equipment supply chain. These strategic acquisitions reflect Addtech's commitment to enhancing operational efficiency and sustainability in sectors that intersect with oilfield equipment and services.


9. EQT Group

  • Website: eqtgroup.com
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1994
  • Headcount: 1001-5000
  • Number of deals in 2024: 30
  • LinkedIn: eqt-partners

EQT Group is a private equity investment firm based in Stockholm, Sweden, founded in 1994. The firm specializes in private equity, infrastructure, real estate, growth equity, and venture capital, serving institutional investors with expertise in managing diverse investment portfolios across multiple sectors and geographies. Notably, EQT has made significant investments in the oil and gas sector, including the acquisition of Mongstad Administrasjon AS, a key oil and gas port in Norway that supports offshore activities in the North Sea. Additionally, their past transactions include the acquisition of Rolls-Royce Power Systems and FINN-POWER, showcasing their broad investment strategy that encompasses various industries, including those relevant to oilfield equipment suppliers.


10. Ldc

  • Website: ldc.co.uk
  • Type: Private Equity
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 1981
  • Headcount: 51-200
  • Number of deals in 2024: 15
  • LinkedIn: ldc

Lloyds Development Capital (Holdings) Limited (LDC) is a private equity firm based in London, England, founded in 1981. As part of Lloyds Banking Group, LDC specializes in providing growth capital and strategic support to mid-market businesses across various sectors. The firm focuses on helping management teams achieve their growth ambitions through investment and advisory services, fostering long-term partnerships to drive business success. LDC has been involved in several notable transactions, including the acquisition of Express Engineering, a precision engineering business, which could be relevant to the oilfield equipment sector. Additionally, LDC's acquisition of Bifold Group and Mini-Cam further demonstrates its engagement with companies that may have applications in the oil and gas industry. These investments highlight LDC's strategy of supporting businesses that align with growth opportunities in sectors that could intersect with oilfield equipment suppliers.


11. Epiroc Construction Tools


Epiroc Construction Tools is a corporate investor based in Kalmar, Sweden, founded in 2018. The company specializes in mining and construction equipment, offering a range of products including drill rigs and rock excavation tools, along with maintenance and digital solutions. Epiroc aims to enhance productivity and safety through innovative technology. Notably, Epiroc has been involved in several significant transactions that highlight its strategic focus on expanding its capabilities in drilling and excavation. For instance, the acquisition of Schramm Australia's intellectual property, which includes key assets related to drilling technology, positions Epiroc to enhance its offerings in the drilling sector. Additionally, the acquisition of RNP Mexico, a manufacturer of rock drills, further strengthens Epiroc's presence in the Latin American market, which is relevant for oilfield operations. These transactions demonstrate Epiroc's commitment to expanding its portfolio in areas that intersect with oilfield equipment supply.


12. Equinor

  • Website: equinor.com
  • Type: Corporate
  • Headquarters: Stavanger, Rogaland, Norway
  • Founded year: 1972
  • Headcount: 10001+
  • Number of deals in 2024: 6
  • LinkedIn: equinor

Equinor ASA is a public entity based in Stavanger, Norway, operating primarily in the energy sector with a focus on oil, gas, and renewable energy. Founded in 1972, Equinor has a workforce of over 10,000 employees and is committed to sustainability, aiming to achieve net-zero emissions by 2050. As an investor, Equinor has actively participated in funding rounds for various companies that provide solutions relevant to the oilfield equipment suppliers industry. Notable transactions include investments in Upwing Energy, which develops downhole gas compressors, and Ambyint, which offers an AI-driven platform for oil and gas production optimization. Additionally, Equinor has supported Interface Fluidics, a company focused on nanotechnology solutions for the oil and gas sector. These investments reflect Equinor's strategic interest in enhancing operational efficiency and sustainability within the oilfield equipment sector.


13. Mutares Benelux

  • Website: mutares.com
  • Type: Private Equity
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2021
  • Headcount: 51-200
  • Number of deals in 2024: 16
  • LinkedIn: mutares-benelux

Mutares Benelux, a private equity firm based in Amsterdam, specializes in acquiring and managing companies in transition. Founded in 2021, the firm has made significant strides in various sectors, including automotive, technology, and retail. Notably, Mutares has engaged in several relevant transactions that enhance its portfolio in the engineering and technology segments. Among these, the acquisition of Vallourec Bearing Tubes stands out, as it produces seamless high precision steel tubes, a product that is integral to the oilfield equipment industry. This acquisition, along with others like NEM Energy and Nervión Industries, showcases Mutares' strategy of strengthening its engineering capabilities, which can be beneficial for oilfield equipment suppliers. The firm provides operational support and consulting services to its portfolio companies, aiming to enhance profitability and growth, which could also apply to companies in the oilfield sector.


14. Norvestor

  • Website: norvestor.com
  • Type: Private Equity
  • Headquarters: Oslo, Oslo, Norway
  • Founded year: 1989
  • Headcount: 11-50
  • Number of deals in 2024: 3
  • LinkedIn: norvestor-equity-as

Norvestor is a private equity firm based in Oslo, Norway, founded in 1989. The firm specializes in investment management and advisory services, focusing on partnering with medium-sized Nordic businesses to support their growth and development. Norvestor emphasizes sustainability and operational efficiency across various sectors, including IT services and property maintenance. Notably, they have made several strategic acquisitions in the oil and gas sector, including a 95% stake in Read Cased Hole, a Scottish oil & gas intelligence service, and the acquisition of Hydra Well Intervention, which specializes in well intervention services. Additionally, they acquired Presserv AS, a company focused on preservation and corrosion protection for oil and gas operations. These transactions highlight Norvestor's commitment to investing in companies that enhance the operational capabilities of the oilfield equipment suppliers industry.


15. Blue Water Energy LLP


Blue Water Energy LLP is a private equity firm based in London, England, founded in 2011. The firm specializes in investments that support the energy transition, providing growth capital and strategic support to businesses in the energy sector. They focus on partnering with companies that are innovating in energy efficiency and renewable energy solutions. Notable transactions include the acquisition of Varel Energy Solutions in October 2019, which specializes in drilling and completion products, and Pipeline Technique Limited in May 2019, a provider of pipeline welding and coating services. These investments demonstrate Blue Water Energy's commitment to enhancing operations within the oilfield equipment suppliers industry, alongside their broader focus on sustainable practices in the energy sector.


16. Indutrade AB

  • Website: indutrade.com
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1978
  • Headcount: 5001-10000
  • Number of deals in 2024: 1
  • LinkedIn: indutrade-ab

Indutrade AB is a technology and industrial group based in Stockholm, Sweden, founded in 1978. The company specializes in developing and acquiring businesses characterized by high technical expertise across various sectors, including infrastructure, medical technology, and energy. Indutrade operates through over 200 subsidiaries, emphasizing decentralized leadership and long-term relationships with customers and partners. Notably, Indutrade has made several acquisitions that align with industrial applications relevant to oilfield equipment. For instance, the acquisition of Finkova Oy, which specializes in heavy industry valves, enhances Indutrade's capabilities in flow technology, a critical area for oilfield operations. Additionally, the acquisition of Huntingdon Fusion Techniques HFT, while not directly related to oilfield equipment, indicates Indutrade's interest in companies that provide specialized industrial solutions. These transactions reflect Indutrade's strategy to strengthen its industrial flow technology product area, which could intersect with the needs of the oilfield equipment sector.


17. Investinor

  • Website: investinor.no
  • Type: Venture Capital
  • Headquarters: Trondheim, Trøndelag, Norway
  • Founded year: 2008
  • Headcount: 11-50
  • Number of deals in 2024: 4
  • LinkedIn: investinor

Investinor AS is a venture capital investment company based in Trondheim, Trøndelag, Norway, founded in 2008. The firm specializes in providing funding to promising startups and companies, helping them grow and achieve market leadership. Investinor manages state interests in seed and venture funds and collaborates with entrepreneurs and other investors. Among their notable transactions, Investinor has invested in companies such as Zilift Limited, a UK-based provider of artificial lift solutions for the oil and gas industry, which received a £4m growth capital investment. Additionally, they have participated in funding rounds for Well Conveyor, Ace Oil Tools, GasSecure, and Xsens, indicating their active role in the oil and gas sector, particularly in oilfield equipment suppliers.



Oilfield Equipment Suppliers Insights: Key Investors in Europe


InvestorHeadquarterSizeFoundedDeals 2024
Indutrade Life ScienceStockholm, Stockholm, Sweden1001-5000197814
EV Private EquityStavanger, Rogaland, Norway11-5020020
ShellLondon, England, United Kingdom (UK)10001+190720
BgfLondon, England, United Kingdom (UK)51-200201153
Maven Capital PartnersGlasgow, Scotland, United Kingdom (UK)51-200200925
HitecVisionStavanger, Rogaland, Norway51-20019850
Triton PartnersLuxembourg201-50019976
Addtech ABStockholm, Stockholm, Sweden1001-500019069
EQT GroupStockholm, Stockholm, Sweden1001-5000199430
LdcLondon, England, United Kingdom (UK)51-200198115
Epiroc Construction ToolsKalmar, Kalmar, Sweden10001+20183
EquinorStavanger, Rogaland, Norway10001+19726
Mutares BeneluxAmsterdam, North Holland, Netherlands51-200202116
NorvestorOslo, Oslo, Norway11-5019893
Blue Water Energy LLPLondon, England, United Kingdom (UK)11-5020110
Indutrade ABStockholm, Stockholm, Sweden5001-1000019781
InvestinorTrondheim, Trøndelag, Norway11-5020084


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