Tendeka, a private-equity backed parent organisation for three energy technology providers, has been launched with the aim of consolidating specialist solutions for increased efficiency
Tendeka, a private-equity backed parent organisation for three energy technology providers, has been launched with the aim of consolidating specialist solutions for increased efficiency in well completions and production.
Tendeka is backed by Shell Technology Ventures Fund 1, which is independently managed by Kenda Capital.
Tendeka combines digital monitoring solutions provider, Sensornet, swellable elastomers experts, Swellfix, and wireless well communication and downhole instrumentation specialists, Well Technology. Together they design, produce, assemble and sell completions solutions to help operators meet their production goals, by maximising recovery efficiency and prolonging asset life.
Tendeka, through its three subsidiaries, employs 100 people across a network of 18 regional bases, strategically located in key energy hubs including the North Sea, Middle East and Asia-Pacific. Further expansion is envisaged through strategic acquisitions, which will assist the company in providing truly local and bespoke engineering solutions with on-site manufacturing wherever and whenever a customer requires.
Heading up Tendeka is chief executive Neale Carter, whose main responsibilities are to lead the integration of the sibling organisations and to pinpoint other companies that have synergy with and will enhance Tendeka’s existing offering. Carter joins Tendeka with 17 years’ industry experience having worked with major oilfield technology companies and most recently serving as chief executive of Sensornet.
Overseeing Tendeka’s operations is Martin Perry, who takes up the role of chairman having previously grown an independent oilfield services company, led an IPO and subsequently achieved a successful sale.
Carter says: ‘Our goal is to build a global technology company with quality, breadth of product range, international capabilities and a strong local reach. Sensornet, Swellfix and Well Technology are innovators in their respective fields and bring years of expertise and industry knowledge to the table. Bringing these companies into the Tendeka family will give cost savings to our clients, an improved service offering and on the ground technical capabilities with regional knowledge.
‘We have made solid, long-term plans for business growth, backed by our corporate investors. We believe that increasing our product and service base will give operators substantial strategic resources whatever their location and we will offer customers the flexibility, responsiveness and focus of a local provider, backed by the strength and reliability of a global brand.’
