TeamTec Invest
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TeamTec Invest - overview
Established
1984
Location
-, -, Norway
Primary Industry
Ship Building & Repair
About
TeamTec Invest is a Norwegian firm specializing in maritime technology, focusing on the design and manufacturing of advanced incinerators, ejectors, and ballast water management systems for the global shipping industry. Founded in 1984 in Norway, TeamTec Invest operates in the maritime sector, providing innovative environmental solutions. The company was sold to Industri & Montasjeservices in December 2012. CEO Olav Voie leads the firm, which has been involved in two significant deals since its inception.
TeamTec maintains its headquarters in Norway, serving a diverse international clientele. TeamTec specializes in the design and manufacturing of advanced maritime products, primarily focusing on incinerators, ejectors, and ballast water management systems (BWMS). Their incinerators are engineered to efficiently manage waste onboard vessels, ensuring compliance with international environmental regulations while also optimizing fuel consumption. The ejectors developed by TeamTec provide reliable solutions for fluid transport in various marine applications, enhancing operational efficiency.
The BWMS is designed to treat ballast water before it is discharged, mitigating environmental impacts and adhering to stringent maritime environmental standards. The company's offerings cater to a diverse client base, including shipowners, shipping companies, and marine operators globally, with products effectively serving markets in Europe, Asia, and North America. In 2022, TeamTec reported revenue of USD 28. 12 mn and an EBITDA of USD 3.
21 mn. The company generates revenue through direct sales of its products to B2B clients in the maritime industry, focusing on contracts with shipping companies and marine operators for incinerators, ejectors, and BWMS tailored to fleet requirements. Their pricing structure is based on specific vessel needs, fostering long-term partnerships that often include service maintenance agreements and spare parts supply. As of now, TeamTec is focused on innovating new products to enhance its maritime technology offerings and plans to expand into new markets in Asia and North America by 2025.
Future investments will be geared towards research and development, utilizing proceeds from their last funding round to support these initiatives.
Primary Industry
Ship Building & Repair
Sub Industries
Ship Building & Repair
Website
www.teamtec.no
Verticals
Manufacturing
Company Stage
Acquired
Total Amount Raised
Subscriber access only
TeamTec Invest - 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) | 188,518,307 | 213,222,529 | 186,814,637 | 146,261,207 | 175,655,704 | 175,347,549 | 131,837,479 | 131,020,143 | 210,649,410 | 218,797,151 | 240,015,081 | 232,796,850 | - | - | - |
| % Revenue Growth (YoY) | - | 13.1% | (12.4%) | (21.7%) | 20.1% | (0.2%) | (24.8%) | (0.6%) | 60.8% | 3.9% | 9.7% | (3.0%) | - | - | - |
| EBITDA (USD) | 11,258,496 | 17,364,071 | 16,570,534 | 12,192,184 | 28,016,473 | 27,293,609 | 15,643,237 | 18,471,702 | 26,585,991 | 29,386,391 | 31,684,808 | 31,451,789 | - | - | - |
| Operating Income (USD) | 6,864,856 | 12,862,478 | 11,688,749 | 7,269,161 | 23,148,080 | 22,955,892 | 10,961,589 | 12,454,557 | 20,121,017 | 22,724,989 | 24,500,100 | 25,307,668 | - | - | - |
| Operating Margin | 3.6% | 6.0% | 6.3% | 5.0% | 13.2% | 13.1% | 8.3% | 9.5% | 9.6% | 10.4% | 10.2% | 10.9% | - | - | - |
| % EBITDA Margin | 6.0% | 8.1% | 8.9% | 8.3% | 15.9% | 15.6% | 11.9% | 14.1% | 12.6% | 13.4% | 13.2% | 13.5% | - | - | - |
| NET Income (USD) | 3,549,199 | 8,500,507 | 6,559,940 | 4,471,062 | 16,793,329 | 16,484,419 | 7,846,339 | 8,933,555 | 14,912,859 | 17,228,837 | 16,528,772 | 21,093,885 | - | - | - |
| % Net Margin | 1.9% | 4.0% | 3.5% | 3.1% | 9.6% | 9.4% | 6.0% | 6.8% | 7.1% | 7.9% | 6.9% | 9.1% | - | - | - |
TeamTec Invest - 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 | TeamTec Invest | - | ||||||||
| Buyout | Completed | TeamTec Invest | - |
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