Techouse
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Techouse - overview
Established
2002
Location
Oslo, -, Norway
Primary Industry
Oil & Gas
About
Techouse is a specialized company providing advanced water treatment and energy recovery solutions for the offshore oil and gas industry, focusing on environmental efficiency and resource management. Founded in 2002 and headquartered in Oslo, Norway, Techouse develops systems for water treatment and energy recovery in offshore operations. The firm was established by Ezekiel Rodriguez and Ye Aung. They secured investment from Blue Water Energy in October 2013, enhancing their capabilities for industry-specific solutions.
Their operational focus has remained consistent, addressing the unique challenges faced by offshore installations globally, including the North Sea and the Gulf of Mexico. Techouse specializes in providing advanced water treatment systems and customized energy recovery solutions tailored for the offshore oil and gas industry. Their core offerings encompass complete systems that manage the entire water treatment process, from seawater intake to final water use or reinjection, ensuring efficient utilization of water resources in challenging offshore environments. In addition to water treatment, Techouse designs bespoke energy recovery systems aimed at increasing energy efficiency and reducing CO2 emissions associated with offshore operations.
The company serves a diverse client base that includes major oil and gas operators in international markets, emphasizing their commitment to environmental sustainability and operational efficiency. The firm's solutions are designed to meet the rigorous demands of offshore fixed and floating installations in regions such as the North Sea, the Gulf of Mexico, and various emerging markets. In 2023, Techouse reported revenue of USD 78. 14 mn, with an EBITDA of USD 4.
45 mn for the same year. Their revenue model is primarily structured around B2B transactions, focusing on long-term partnerships with oil and gas companies requiring specialized energy recovery and water treatment solutions. The firm engages in direct sales of its products, including energy recovery systems and water treatment installations, often bundled with ongoing maintenance and support services. This transactional framework typically involves significant upfront costs associated with the installation of complex systems, followed by ongoing service agreements that ensure optimal performance and compliance with environmental standards.
Specific pricing structures are determined based on project scope and client requirements, which may include customized financing options to accommodate large-scale projects. Techouse’s commitment to high-quality solutions has positioned it as a trusted partner for industry leaders, reinforcing its standing in the market. Techouse is currently focusing on expanding its product line with new water treatment technologies and energy recovery systems, targeting a 2025 launch date for these innovations. They aim to penetrate new markets in Southeast Asia and the Middle East over the next three years, seeking to capitalize on emerging opportunities in offshore oil and gas exploration.
The investment from Blue Water Energy in 2013 will support these initiatives, facilitating the development of advanced solutions and entry into these strategic markets.
Current Investors
Bluewater Energy
Primary Industry
Oil & Gas
Sub Industries
Oil & Gas Equipment and Services
Website
https://techouse.no/
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Techouse - timeline of key events
Techouse - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 30,835,900 | 75,649,986 | 151,924,762 | 174,633,367 | 57,086,290 | 43,924,083 | 38,246,663 | 57,421,906 | 286,722,725 | 361,229,877 | 324,075,058 | 120,177,671 | - | - | - |
| % Revenue Growth (YoY) | - | 145.3% | 100.8% | 14.9% | (67.3%) | (23.1%) | (12.9%) | 50.1% | 399.3% | 26.0% | (10.3%) | (62.9%) | - | - | - |
| EBITDA (USD) | 491,516 | 4,070,637 | 15,180,050 | 28,778,892 | (20,168,189) | (9,441,794) | (10,094,868) | 542,690 | 16,546,531 | 31,232,626 | 31,838,712 | 5,040,848 | - | - | - |
| Operating Income (USD) | 437,309 | 4,060,786 | 15,085,130 | 28,619,976 | (20,286,495) | (9,501,046) | (10,306,582) | 250,983 | 16,320,260 | 24,351,573 | 25,069,493 | (1,905,280) | - | - | - |
| Operating Margin | 1.4% | 5.4% | 9.9% | 16.4% | (35.5%) | (21.6%) | (26.9%) | 0.4% | 5.7% | 6.7% | 7.7% | (1.6%) | - | - | - |
| % EBITDA Margin | 1.6% | 5.4% | 10.0% | 16.5% | (35.3%) | (21.5%) | (26.4%) | 0.9% | 5.8% | 8.6% | 9.8% | 4.2% | - | - | - |
| NET Income (USD) | 174,666 | 2,907,855 | 9,433,819 | 24,061,050 | (12,756,264) | (9,329,981) | (8,926,804) | (1,334,220) | 11,204,651 | 12,833,713 | 21,263,917 | (28,525,590) | - | - | - |
| % Net Margin | 0.6% | 3.8% | 6.2% | 13.8% | (22.3%) | (21.2%) | (23.3%) | (2.3%) | 3.9% | 3.6% | 6.6% | (23.7%) | - | - | - |
Techouse - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth | Completed | Techouse | - |
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Techouse - employee data
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