Published company profile

ACE WELL TECHNOLOGY AS

Ace Well Technology develops patented downhole tools for well construction and completion, centered on their Ace Ratchet Collar (ARC) locking mechanism that applies superior holding force to casing and completion strings. They offer a range of tools supporting structural integrity of oil and gas wells, deployed using time and carbon-efficient methods. The company was acquired by Varel Energy Solutions in 2025.

Website: https://www.acewelltechnology.comHeadquarters: Mekjarvik 14, 4072, RANDABERG, NorwayEmployees: 13 (11-50)Founded: 2012Legal form: AksjeselskapModel: B2BStage: AcquiredBusiness ID: 898734242VAT: Registered ✓

Updated 23 days ago

Annen teknisk konsulentvirksomhetDownhole ToolsWell ConstructionWell CompletionOilfield Services

01 — Financials

Financial overview

Revenue

NOK 102,823,596

Period ending 2024-12-31

Operating profit

NOK 10,892,845

Profit before tax

NOK 15,541,152

Net profit

NOK 11,822,453

Total assets

NOK 97,377,029

Equity

NOK 53,865,528

Latest reporting period ending 2024-12-31

02 — Signals & news

Recent activity

Data updates

People verifiedMar 23, 2026

Financials updatedMar 23, 2026

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03 — Get in touch

Reach ACE WELL TECHNOLOGY AS

acewelltechnology.com

Mekjarvik 14, 4072, RANDABERG, Norway

post@acewt.com

Key people

Stian Magnus Anke-Hansen

Daglig leder

Colin James Stevenson

Styre

Stian Magnus Anke-Hansen

Styre

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