Tendeka

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Tendeka - overview

Established

2009

Location

-, Aberdeenshire, UK

Primary Industry

Oil & Gas

About

Tendeka is a UK-based company specializing in advanced energy solutions, focusing on well services and performance enhancement tools for the oil and gas sector. Founded in 2009 in the UK, Tendeka provides innovative solutions for oil and gas extraction processes. The company was acquired by TAQA Arabia in February 2022, aligning with TAQA's strategy to expand its service offerings. CEO Alan Pearson has a background in the energy sector, contributing to Tendeka's growth and innovation.


Tendeka specializes in advanced energy solutions, particularly in well services and performance enhancement tools. Their core offerings include coiled tubing, intervention, and stimulation services, alongside proprietary technologies such as PulseEight™, which ensures secure monitoring and control for subsurface flow management. The company serves major oil and gas operators in North America, the Middle East, and Southeast Asia, focusing on operational efficiency and environmental protection. In the most recent financial year 2014, Tendeka reported a revenue of USD 812,617 with an EBITDA of USD 1,299.


The revenue model is built around direct service provision and project-based contracts with clients, offering tailored service packages to meet specific operational needs. Following its acquisition by TAQA Arabia in February 2022, Tendeka aims to enhance its service offerings and expand into new geographic markets. The acquisition will support initiatives to introduce new products and expand services, leveraging TAQA's resources to address a broader range of client needs. These strategies align with TAQA's goal of becoming a leading international service and equipment provider.


Current Investors

TAQA Arabia

Primary Industry

Oil & Gas

Sub Industries

Oil & Gas Equipment and Services

Website

www.tendeka.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Tendeka - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedTendeka-
Add-onCompletedSensornet-

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