Promet AS – NTS Group
Provides high-end metal additive manufacturing and CNC machining services for oil & gas, specializing in complex parts from titanium, Inconel, and other alloys, reducing lead times for urgent repairs and custom production.
- CEO / Founder
- Andrew Thomson
- Team Size
- 51-200
- Stage
- Established
- Total Funding
- €11M (R&D investment in 2024)
- Latest Round
- Minority stake acquisition by NPM Capital
- Key Investors
- NPM Capital
Technology & Products
Key Products
Additive manufacturing services; CNC machining; Precision engineering; Repair services; Prototyping
Technological Advantage
Verified advantage: 32+ years of precision machining experience in high-alloy materials like titanium and Inconel, applied to AM services for oil & gas. Defensible through operational expertise and industry relationships.
Differentiation
Value Proposition
Offers rapid turnaround for urgent repairs and custom parts, leveraging 32+ years of machining expertise and AM capabilities to reduce downtime and enable on-demand production of high-integrity components.
How They Differentiate
Focuses on oil & gas-specific AM services with deep material expertise in alloys like titanium and Inconel, unlike generalist AM service bureaus; offers integrated repair and manufacturing under NTS Group.
Market & Competition
Target Customers
Oil & gas operators, industrial manufacturers requiring precision components
Industry Verticals
Oil & Gas; Industrial Manufacturing; Subsea
Competitors
iLensys Technologies; Hydro Leduc; Pro-Surve
Growth & Milestones
Major Milestones
1984: Founded to support North Sea oil & gas; 2013: Acquired by NTS Group, becoming a center of excellence for 5-axis machining; 2019: NTS Group acquired by TUBACEX and ADQ’s Senaat joint venture