The WellGear Group Revenue and Competitors

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Westerbork, Netherlands

Location

N/A

Total Funding

Energy/Oil

Industry

Estimated Revenue & Valuation

  • The WellGear Group's estimated annual revenue is currently $45.3M per year.(i)
  • The WellGear Group's estimated revenue per employee is $269,500

Employee Data

  • The WellGear Group has 168 Employees.(i)
  • The WellGear Group grew their employee count by 11% last year.
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation
#1
$692.9M202023%N/AN/A
#2
$25M1026%N/AN/A
#3
$23M9429%N/AN/A
#4
$22.1M9027%N/AN/A
#5
$6.9M35-17%N/AN/A
#6
$63.9M23725%N/AN/A
#7
$28.7M117-6%N/AN/A
#8
$45.3M16811%N/AN/A
#9
$80.6M29921%N/AN/A
#10
$118.2M38614%N/AN/A

The WellGear Group services the petroleum, geothermal, salt cavern, gas storage and natural gas industries with snubbing, workover and Well control services with a focus on innovation and excellence. Within these industries WellGear is leader in: - Hydraulic Workover - Snubbing - Conductor recovery - Caisson recovery and replacement - Well Control - Project management WellGears strength is based around the extensive experience of the team, with some of the most experienced and highly respected members of the industry at the heart of the company. The design principle of the hydraulic workover unit has not progressed over the years, despite significant room for improvement. WellGear is working towards achieving its aim of building and operating the next generation of units. WellGear aims to achieve the following: - Incorporation of an automatic pipe handling system - Elimination of Guy wires, dead weights and Well head loading - Elimination of extensive crane usage and working at heights WellGear has taken major steps in achieving these aims with delivery of the 340K Unit in Q2 2016 along with the first custom built modular HWO package on schedule to arrive in Q4 2016. Meanwhile designs that are nearing completion for further packages.

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Total Funding

168

Number of Employees

$45.3M

Revenue (est)

11%

Employee Growth %

N/A

Valuation

N/A

Accelerator

The WellGear Group News

2019-08-24 - Growth drive sees Dutch firm WellGear open new UK base ...

The firm first established its UK presence in 2016 with two employees, supported by the wider group, which has since grown to 10 people at the ...

2019-08-16 - This Week in XR: Google's AR Maps, Goodbye to Gear, VR Trains MDs, And Out of Home VR News

Or, as our friend Antony “Skarred Ghost” Vitillo put so well, “Gear VR is ... Two groups of 10 participants each trained using either Osso VR's ...

2019-05-01 - How to watch the Borderlands 3 livestream gameplay reveal

As streamers find rare chests, you can grab all the goodies inside as well (gear scales to your character's level). The gameplay reveal will also ...