ServiceTananger, NorwayFounded 1984· One of 1986 Service companies tracked by AMPulse
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.
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
Promet AS, part of the NTS Group, occupies a narrow but defensible niche: high-value, low-volume metal additive manufacturing for oil and gas, subsea, and industrial applications. Unlike generalist AM service bureaus, Promet brings 40 years of precision machining experience in difficult-to-machine alloys such as titanium and Inconel 718, applying that metallurgical knowledge to AM production and repair. The company's position in Tananger, Norway, places it close to North Sea operators who require rapid turnaround for urgent repairs and custom components to reduce costly downtime.
The company's core offering is hybrid manufacturing — combining laser powder bed fusion (LPBF) or directed energy deposition (DED) with traditional 5-axis CNC machining to produce complex, high-integrity parts. This approach allows Promet to serve both as a prototyping partner and a production source for end-use components, including replacement parts for subsea equipment and custom tooling for industrial manufacturing. The NTS Group's acquisition by TUBACEX and ADQ's Senaat in 2019 expanded Promet's access to global supply chains and capital for R&D, including a €11 million investment in 2024.
Promet's strategic moat rests on operational expertise and long-standing relationships with oil and gas operators rather than proprietary IP. The company does not hold public AM patents, instead relying on licensed or open technology combined with deep material knowledge and decades of machining know-how. This makes Promet vulnerable to commoditization if metal AM service pricing declines, but its focus on high-alloy, mission-critical parts — where certification and repeatability matter more than cost — provides some insulation. The key open question is whether Promet can extend its oil and gas success into adjacent industrial verticals as the subsea market matures.
Competitive Intelligence
Competitors, SWOT analysis, and investment insights