Blohm + Voss Oil Tools GmbH
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Blohm + Voss Oil Tools GmbH - overview
Location
Hamburg, -, Germany
Primary Industry
Industrial Machinery
About
Blohm + Voss Oil Tools GmbH specializes in providing advanced pipe handling equipment and drilling solutions essential for the oil and gas industry, ensuring efficient operations across various geological terrains. Blohm + Voss Oil Tools GmbH is a company focused on delivering specialized drilling equipment and services. It was acquired by Forum Energy Technologies, a portfolio company of Forum Oilfield Technologies and SCF Partners, in May 2013, with the deal finalized in July 2013. The company is headquartered in Hamburg, Germany.
Blohm + Voss Oil Tools GmbH offers a diverse range of pipe handling equipment designed for both conventional and unconventional drilling operations. Their product line includes advanced rig floor equipment for precise load control, hoisting equipment capable of managing up to 1500 tons, and various safety devices to enhance personnel safety. Additionally, they supply catwalks for tubular handling, iron roughnecks for efficient drill pipe operations, and reliable pipe spinners. Their equipment caters to both onshore and offshore drilling operators worldwide, serving major exploration and production firms across key markets, including North America, the Middle East, and Asia-Pacific regions.
In the most recent year, Blohm + Voss Oil Tools GmbH reported a revenue of USD 3. 82 tn, with an EBITDA of USD 2,939,477. 1 for the year 2022. The revenue is primarily generated through direct transactions with oil and gas operators who acquire their specialized equipment and services either through one-time sales or comprehensive service contracts, including ongoing maintenance support.
In the coming years, Blohm + Voss Oil Tools GmbH plans to introduce new product lines tailored for emerging drilling technologies, with specific launches expected in 2024. Additionally, the company is targeting expansion into new geographical regions, particularly in Southeast Asia and Africa, by 2025. The acquisition by Forum Energy Technologies provides strategic support for these initiatives, bolstered by investment from their most recent deal in May 2013.
Current Investors
Forum Oilfield Technologies, Forum Energy Technologies, Inc.
Primary Industry
Industrial Machinery
Sub Industries
Industrial Machinery
Website
www.blohmvoss-oiltools.com
Verticals
Manufacturing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Blohm + Voss Oil Tools GmbH - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Blohm + Voss Oil Tools GmbH | - |
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