Petroleum Technology Company
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Petroleum Technology Company - overview
Established
2002
Location
Stavanger, -, Norway
Primary Industry
Oil & Gas
About
Petroleum Technology Company is a technology-focused firm that enhances operational efficiencies across various industries through innovative software solutions. Founded in 2002 and headquartered in Stavanger, Norway, Petroleum Technology Company specializes in developing technological solutions for operational efficiency. The company experienced a significant shift in ownership with a management buyout in June 2013, when Herkules Capital acquired a majority stake, investing NOK 120 million. The CEO of PTC AS is Rolf Håland.
PTC AS specializes in offering advanced technological solutions aimed at enhancing operational efficiencies for various industries. Their core product offerings encompass innovative software solutions that streamline processes, facilitate data integration, and support decision-making for enterprises. These solutions are designed to address specific industry challenges such as asset management, product lifecycle management, and supply chain optimization. PTC AS serves a diverse clientele, including manufacturing firms, healthcare organizations, and retail companies, allowing them to leverage real-time data for improved productivity.
The company markets its products in several geographical regions, including North America, Europe, and Asia, ensuring a broad reach across different sectors that rely on technology-driven solutions. In the most recent fiscal year, 2022, Petroleum Technology Company recorded a revenue of USD 54. 83 mn and an EBITDA of USD 16. 99 mn, reflecting its strong position in the market.
Petroleum Technology Company has outlined a strategy for future growth focusing on the enhancement of its product offerings and expanding into new geographic markets. The company is exploring the launch of new software solutions aimed at specific operational challenges and plans to enter additional markets in Europe and Asia by 2024. The investment from Herkules Capital in June 2013, amounting to NOK 120 million, will support these initiatives, providing the necessary resources for product development and market expansion.
Current Investors
Herkules Capital
Primary Industry
Oil & Gas
Sub Industries
Oil & Gas Equipment and Services
Website
www.ptc.as
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Petroleum Technology Company - timeline of key events
Petroleum Technology Company - 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 85,289,000 | 107,894,000 | 135,452,000 | 201,910,000 | 233,719,000 | 288,071,000 | 249,696,000 | 284,481,000 | 337,394,000 | 485,105,000 | 519,523,000 | - | - | - |
| % Revenue Growth (YoY) | - | 26.5% | 25.5% | 49.1% | 15.8% | 23.3% | (13.3%) | 13.9% | 18.6% | 43.8% | 7.1% | - | - | - |
| EBITDA (USD) | 5,934,000 | 8,558,000 | 5,166,000 | 28,441,000 | 14,976,000 | 38,556,000 | 31,494,000 | 50,881,000 | 65,267,000 | 122,505,000 | 134,619,000 | - | - | - |
| Operating Income (USD) | 1,556,000 | 3,218,000 | (2,518,000) | 14,067,000 | (2,510,000) | 15,722,000 | 9,570,000 | 29,022,000 | 45,729,000 | 102,262,000 | 111,502,000 | - | - | - |
| Operating Margin | 1.8% | 3.0% | (1.9%) | 7.0% | (1.1%) | 5.5% | 3.8% | 10.2% | 13.6% | 21.1% | 21.5% | - | - | - |
| % EBITDA Margin | 7.0% | 7.9% | 3.8% | 14.1% | 6.4% | 13.4% | 12.6% | 17.9% | 19.3% | 25.3% | 25.9% | - | - | - |
| NET Income (USD) | 299,000 | 538,000 | (6,026,000) | 13,126,000 | (7,164,000) | 5,083,000 | 9,142,000 | 26,679,000 | 27,026,000 | 79,576,000 | 96,769,000 | - | - | - |
| % Net Margin | 0.4% | 0.5% | (4.4%) | 6.5% | (3.1%) | 1.8% | 3.7% | 9.4% | 8.0% | 16.4% | 18.6% | - | - | - |
Petroleum Technology Company - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Petroleum Technology Company | - |
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Petroleum Technology Company - employee data
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