Novitech Inc.
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Novitech Inc. - overview
Established
2015
Location
Vaughan, ON, Canada
Primary Industry
Oil & Gas
About
Based in Ontario, Canada, and founded in 2015, Novitech Inc. is a pipeline inspection technology and data analytics company focusing on identifying pipeline integrity issues. The company was founded by its president, Ron Thompson, and Marco Campos. In October 2024, BP Energy Partners invested in Novitech.
Novitech specializes in in-line inspection (ILI) technology and services, primarily focused on the detection and assessment of pipeline integrity issues such as cracks, corrosion, and other types of mechanical damage. The company's flagship product, the Micron ILI Technology®, employs advanced engineering assessments and direct detection systems to identify threats to pipeline safety, including stress corrosion cracking (SCC) and manufacturing flaws. The company’s Micron ILI Technology® offers a suite of modular tools for inspecting pipelines. These tools can detect various defects, including metal loss, cracks, and deformations.
It also provides data analysis, pipeline engineering services, and field support. The company plans to utilize the October 2024 investment raised to support its growth and expansion plans.
Current Investors
BP Energy Partners
Primary Industry
Oil & Gas
Sub Industries
Facilities & Maintenance Services, Engineering, Oil & Gas Equipment and Services, Analytics & Performance Software
Website
www.novitechinc.com
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Novitech Inc. - 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 | Novitech Inc. | - |
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