Arctic Drilling Company Ltd.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Arctic Drilling Company Ltd. - overview
Established
2003
Location
Rovaniemi, -, Finland
Primary Industry
Industrial Machinery
About
Arctic Drilling Company Ltd. provides a range of specialized exploration drilling services, including guided drilling, RC drilling, and diamond drilling, catering to the needs of the mining and geological sectors. Founded in 2003 in Rovaniemi, Finland, Arctic Drilling Company Ltd. specializes in drilling services for mineral exploration.
The company was established by Juha Säärelä and has developed its operations to serve diverse international markets. Aleksi Autti currently serves as CEO. In June 2012, Arctic Drilling Company raised an undisclosed amount in VC funding from TeknoVenture Management, marking a significant point in its funding history. Arctic Drilling Company Ltd.
specializes in a comprehensive suite of exploration drilling services, including guided drilling, RC (reverse circulation) drilling, and diamond drilling. These services are designed to provide high-quality core samples essential for geological assessments and mineral exploration. The company focuses on delivering certified drilling solutions that cater to the needs of mining companies operating in various challenging conditions, ensuring efficiency and eco-friendliness in operations. Their equipment is engineered for optimal performance in extreme environments, enhancing user safety.
Key end-users include mining corporations and geological research firms across international markets such as North America, Europe, South America, and Australia. In 2023, Arctic Drilling Company Ltd. reported a revenue of USD 43. 22 mn and an EBITDA of USD 7.
33 mn, reflecting its structured business-to-business model with mining and exploration firms. Arctic Drilling Company Ltd. aims to expand its service offerings and geographic presence. The company plans to introduce new products and technologies designed for enhanced drilling efficiency by the end of 2024.
Additionally, Arctic Drilling Company is targeting expansion into emerging markets in Asia and Africa, planning to establish operations there by 2025. The funding raised in June 2012 will support these initiatives, particularly in scaling up operations and enhancing service capabilities in new regions.
Current Investors
TeknoVenture Management
Primary Industry
Industrial Machinery
Sub Industries
Industrial Machinery, Metal Mining
Website
www.adcltd.fi
Verticals
Manufacturing
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.