IKM Grouppen AS
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IKM Grouppen AS - overview
Established
2005
Location
Sola, -, Norway
Primary Industry
Oil & Gas
About
IKM Grouppen AS specializes in providing a wide array of technical services and products specifically designed for the energy sector, focusing on enhancing operational efficiency through innovative solutions. Founded in 2005, IKM Grouppen AS is headquartered in Sola, Norway. The company provides specialized services to the energy sector, including subsea operations and maintenance. Under the leadership of CEO Carl-Johan Almestad, IKM has established a strong presence in various global markets with operations extending throughout Europe.
The company has not undergone significant pivots or changes in business strategy since its inception and does not have parent or subsidiary relationships. IKM Group specializes in providing a comprehensive range of products and services tailored for the energy sector. Their core offerings include subsea operational expertise, hydraulic, mechanical, and electrical maintenance, as well as various training and rental services aimed at enhancing operational efficiency for energy companies. These services are designed to address specific challenges in the energy market, such as ensuring safety, maximizing uptime, and reducing maintenance costs.
The client base primarily comprises organizations in the energy sector, including oil and gas companies, which utilize IKM Group’s services to streamline their operations and improve productivity. IKM Group operates across various geographical markets, focusing on regions with significant energy activities, including Norway and other parts of Europe. In 2023, IKM Group reported a revenue of USD 6. 91 mn, with an EBITDA of USD -1.
78 mn. The company generates revenue through various channels, primarily focusing on B2B transactions with clients in the energy sector. IKM offers subscription-based services and partnership agreements, allowing clients to access ongoing maintenance and support tailored to their operational needs. Revenue is structured around contracts for services such as subsea operations and equipment rentals, which may vary based on the scope and duration of the projects.
Additionally, IKM Group provides specialized training programs, which contribute to the overall business model by enhancing client capabilities.
Primary Industry
Oil & Gas
Sub Industries
Engineering, Oil & Gas Equipment and Services, Petrochemicals
Website
www.ikm.com
Total Amount Raised
Subscriber access only
IKM Grouppen AS - timeline of key events
IKM Grouppen AS - financials
| Fiscal Year Ended | 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) | 3,434,471,000 | 4,183,085,000 | 3,652,104,000 | 3,094,809,000 | 3,023,822,000 | 3,328,683,000 | 3,940,192,000 | 3,524,921,000 | 4,290,681,000 | - | - | - |
| % Revenue Growth (YoY) | - | 21.8% | (12.7%) | (15.3%) | (2.3%) | 10.1% | 18.4% | (10.5%) | 21.7% | - | - | - |
| EBITDA (USD) | (1,104,772,000) | 441,409,000 | 336,483,000 | 311,531,000 | 248,485,000 | 368,973,000 | 580,816,000 | 478,385,000 | 556,086,000 | - | - | - |
| Operating Income (USD) | (1,117,217,000) | 164,885,000 | 13,604,000 | (61,907,000) | (61,366,000) | 114,093,000 | 318,036,000 | 243,661,000 | 312,330,000 | - | - | - |
| Operating Margin | (32.5%) | 3.9% | 0.4% | (2.0%) | (2.0%) | 3.4% | 8.1% | 6.9% | 7.3% | - | - | - |
| % EBITDA Margin | (32.2%) | 10.6% | 9.2% | 10.1% | 8.2% | 11.1% | 14.7% | 13.6% | 13.0% | - | - | - |
| NET Income (USD) | 1,142,563,000 | 105,514,000 | (83,969,000) | (117,852,000) | (173,284,000) | 3,980,000 | 195,983,000 | 184,851,000 | 175,335,000 | - | - | - |
| % Net Margin | 33.3% | 2.5% | (2.3%) | (3.8%) | (5.7%) | 0.1% | 5.0% | 5.2% | 4.1% | - | - | - |
IKM Grouppen AS - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Acona AS | - | ||||||||
| Add-on, Trade Sale | Completed | Malthus Uniteam AS | - | ||||||||
| Add-on | Completed | IKM Cleandrill AS | - | ||||||||
| Trade Sale | Completed | AT Group AS | - | ||||||||
| Trade Sale | Completed | Haaland AS | - |
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IKM Grouppen AS - employee data
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