Name

HMH

Legal name

HMH Holdings B.V.

Website

https://hmhw.com

Company type

Public

Founded year

2021

Operating status

Ipo

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Drilling Equipment and Services

NAICS

Mining and Oil and Gas Field Machinery Manufacturing (33313), Oil and Gas Field Machinery and Equipment Manufacturing (333132), Mining Machinery and Equipment Manufacturing (333131)

SIC

Oil & Gas Field Machinery & Equipment (3533), Mining Machinery & Equip (No Oil & Gas Field Mach & Equip) (3532), Construction, Mining & Materials Handling Machinery & Equip (3530)

akta.pro primary industry

Drilling & Workover Rigs (Land & Offshore) (EUALABAA)

akta.pro secondary industries

Oilfield Equipment Manufacturing & Supply (Wellheads, BOPs, Surface Equipment) (EUALABAL), Surface Mining Equipment (Excavators, Shovels, Draglines, Dozers) (IMAKANAA), Drilling & Rock Excavation Equipment (Rotary/Top-Hammer, Jumbos, Raiseborers) (IMAKANAC)

Keywords

• Drilling equipment
• Drilling automation
• Pressure control systems
• Drilling digitalization
• Mining slurry pumps

Headquarters

HQ city

Kristiansand

HQ country

Norway

HQ region

Europe

Offices14 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Drilling Equipment Sales: HMH generates revenue from the sale of drilling equipment including top drives, rotary tables, iron roughnecks, and complete drilling rig systems. Equipment sales represent a significant portion of revenue with long sales cycles typical of capital equipment.
2. Aftermarket Services and Parts: Recurring revenue stream from spare parts, maintenance services, and upgrades for installed equipment base. Supported through HMHConnect portal and global service network.
3. Field Service and Technical Support: On-site technical support, installation, commissioning, and training services delivered through global engineering teams.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

HMH manufactures and supplies drilling equipment (top drives, roughnecks, drawworks, mud pumps, blowout preventers, RamRig systems, motion compensation equipment) and complementary mining and construction drilling rigs. The company also provides drilling lifecycle services, digitalization platforms (beAware™), and automation systems (DEAL™ and CADS with Smart Modules) for oil and gas operators, drilling contractors, mining companies, and construction firms globally. Revenue is generated through capital equipment sales, recurring aftermarket parts and services, and field service and technical support.

Product overview

HMH is a premier drilling solutions provider offering one of the industry's most comprehensive portfolio of products, systems, and services for onshore and offshore drilling, subsea and onshore mining, and construction applications. The company operates as a unified platform with multiple integrated solutions: core drilling equipment (top drives, roughnecks, drawworks, mud pumps, motion compensation systems), pressure control systems (RAM BOPs, annular BOPs, Electric BOP), and digital/software solutions (beAware™ digitalization platform with wellMap, eTally™, taskBoard, mudView™). The DEAL™ and CADS automation system enables Smart Modules (drillersAssist, EKD, Soft Torque-Z, optiWOB) for automated rig operations. HMH also provides lifecycle services (DRILLPerform™, SeaLytics™, DrillCon, RiCon™, SmartCERT™, engageDrilling), customer portals (HMHConnect, HMHConnect Shop), training, cybersecurity (SecureOPS™), and manufacturing (Bronco subsidiary). The company serves oil & gas, mining, and construction industries across global locations.

Differentiator

Problem solved

Functional benefit

Brands

• beAware™: Drilling digitalization platform offering wellMap, eTally™, taskBoard and mudView™ solutions for real-time offshore operational information
• DEAL™ & CADS
• DRILLPerform™
• SeaLytics™
• DrillCon
• RiCon™ & drillCERT
• SmartCERT™
• engageDrilling™
• HMHConnect
• HMHConnect Shop
• HMHDirect
• HMHLearning
• SeaONYX®
• SeaPrime™

Products and services

• MH Top Drives (DDM Series & TD Series) Field-proven top drives designed for safe, effective, and uninterrupted operations for conventional and RamRig solutions, with remote control and anti-collision integration. Used by oil & gas drilling operators offshore and onshore.
• MH Roughnecks Roughnecks providing safe and reliable connections for drill pipes, drill collars, casings, and bottom-hole assemblies with torque capacities up to 300,000 Nm. Used by drilling contractors for tubular make-up and break-out operations.
• Wirth Drawworks Field-proven drawworks with balanced load/speed ratio for faster tripping and stand building, available in single and multi-gear configurations with hoisting capacities from 350 to 1,500 short tons. Sold to drilling rig operators and contractors.
• Wirth Mud Pumps (TPK Series) High pressure triplex mud pumps with discharge pressures from 5,000 to 10,000 psi and power ratings from 1,000 to 2,200 hp for circulating drilling fluid. Used in offshore and onshore drilling operations.
• Hydril RAM BOPs RAM blowout preventer systems available in pressure ratings from 5K to 20K and bore sizes from 13 5/8" to 21" for subsea and surface well control applications. Sold to drilling operators.
• MH RamRig Award-winning dual-function drilling rig design for deep-water operations with hoisting capacity from 150 to 2,000 short tons and integrated compensation system. Sold to offshore drilling contractors and rig builders.
• Motion Compensation Systems Riser tensioners and compensators balancing ocean motion with structural rigidity to maintain constant weight on bit for efficient offshore drilling operations. Sold to offshore drilling operators and rig builders.
• Electric BOP All-electric blowout preventer with reduced testing requirements, 75+ metric ton weight reduction, depth-independent shearing performance, and zero emissions subsea. Sold to offshore drilling operators.
• 20k Subsea Drilling System Subsea drilling system stack rated for 20,000 psi pressure environments in deepwater operations. Sold to deepwater drilling operators and rig builders.
• Wirth Slurry Pumps Piston diaphragm slurry pumps with power ratings up to 3,000 kW for tailings transport, pipeline slurry transfer, and mine dewatering. Sold to mining operators and contractors.
• RCD Rigs & Pile Top Drill Rigs (PBA) Reverse Circulation Drilling rigs providing foundation drilling for diameters from 0.6 to 8.5 m, with HMH holding world market leadership in RCD technology. Sold to construction and infrastructure contractors.
• Hydril Pressure Control MudLift & SlurryLift Pump systems providing commercially viable solutions for pumping solids-laden fluid at high discharge pressures for drilling and seabed mining operations. Sold to mining and subsea operators.
• beAware Drilling Digitalization Platform Digitalization platform that collects, presents, and shares offshore operational information between all actors involved in the drilling process, improving collaboration and streamlining digital reporting. Sold to offshore drilling operators and contractors.
• DEAL & CADS Drilling Automation System DEAL is a platform that acts as a layer between equipment PLCs and Smart Modules, enabling installation of performance-enhancing software. CADS (Computer-Aided Drilling System) runs on top of DEAL to automate rig sequences including tripping, drilling connection, and stand building. Sold to drilling operators seeking automation.
• SmartCERT Global, continuous API certification program for pressure control equipment that reduces out-of-service periods compared to traditional certification programs. Sold to offshore drilling operators using BOP and pressure control equipment.
• DRILLPerform Continuous improvement service powered by data analytics dedicated to optimizing drilling performance through collaborative customer engagement. Sold to drilling operators seeking performance optimization.
• SeaLytics BOP Advisor BOP Advisor service providing real-time visualization, BOP system status monitoring, and maintenance recommendations with cloud connectivity for onshore stakeholders. Designed to comply with BSEE well control rules. Sold to offshore drilling operators.
• DrillCon Condition Based Maintenance optimization service for drilling equipment enabling reliability improvement and maintenance execution optimization. Sold to drilling operators.
• RiCon & drillCERT RiCon provides data-driven maintenance identification for drilling risers; drillCERT provides continuous API certification. Services qualify for DNV GL Drill and ABS CDS notations. Sold to offshore drilling operators.
• engageDrilling Contractual Service Agreements Contractual Service Agreement platform providing predictive analytics, expertise, and continuous certification including BOP performance guarantee and field service support. Sold to offshore drilling operators.
• HMHConnect Customer Portal Customer experience portal replacing historical engageDrilling and MyDrilling sites, providing access to asset details, documents, ticket submission, training resources, and digital tools. Available to HMH customers globally.
• HMHConnect Shop Official eCommerce platform for authentic HMH OEM spare parts offering availability checking, lead times, pricing, and quote/order creation. Available to drilling operators globally.
• HMHDirect Online Store Online store for rapid order and delivery of commonly used OEM parts including Hydril Packing Elements, Hydril Seals, and select parts. Available globally.
• SecureOPS Cybersecurity Services Cybersecurity service portfolio for rig Drilling Control Systems designed per IEC 62443-2-4 standard, including assessment, threat management, and incident response. Sold to drilling operators and rig owners.
• Overhaul, Installation & Commissioning Services Full lifecycle services including equipment installation, commissioning, reactivation, and certification for topside and pressure control equipment at workshop facilities in Lyngdal, Erkelenz, and Macaé. Sold to drilling operators and rig builders.
• HMH Training Services Global training capability with regional hubs in Europe, USA, Brazil, and Azerbaijan including eLearning, classroom training, drilling simulators, and practical training labs. Sold to drilling operators and rig crews.
• Bronco Aftermarket and Replacement Parts Manufacturing subsidiary producing tough, durable aftermarket and replacement parts for all rig types including hooks, swivels, blocks, brake assemblies, and mud pumps. Sold to drilling operators and contractors.
• HMHLearning Workforce Development Portal Learning portal for managing workforce development and training administration. Used by drilling operators and contractors for crew certification.
• HMH Special Drilling Tools Drilling tools including large diameter bits up to 8.0 m, rock bits with stinger, underreamers, milling tools, and steel-pile cutting tools for decommissioning. Sold to construction and infrastructure contractors.

Quantifiable outcome

• Reduced Non-Productive Time (NPT) through predictive maintenance and real-time monitoring
• +1 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability7 records

Feature4 records

Partnerships

One partnership is on record.

• CognitecoreTechnology or IntegrationCognite provides AI and data analytics capabilities integrated across HMH's drilling equipment fleet. The partnership enables real-time operational monitoring, predictive maintenance, and performance optimization through Cognite's industrial AI platform

Scale indicators4 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• National Oilwell Varco (NOV): NOV is the most direct competitor to HMH in drilling equipment, manufacturing top drives, drawworks, mud pumps, rotary tables, and complete drilling rig packages for both onshore and offshore markets. It is the closest comparable in product portfolio, customer base, and channel.
• Cameron International (a Schlumberger company): Cameron, now part of SLB, is a leading manufacturer of blowout preventers (BOPs), wellheads, and pressure control equipment that directly competes with HMH's Hydril RAM BOP, GX™ Annular BOP, and 20k Subsea Drilling System product lines.
• Weatherford International: Weatherford is a global oilfield equipment and services company offering drilling tools, pressure control, and well construction equipment. It competes with HMH across multiple drilling equipment and aftermarket service categories, particularly in onshore and international markets.
• Dril-Quip: Dril-Quip designs and manufactures subsea wellhead systems, dry-tree systems, and BOPs for offshore drilling. It is a focused subsea equipment peer that overlaps with HMH's pressure control and 20k Subsea Drilling System offerings.
• TechnipFMC: TechnipFMC supplies integrated subsea production systems and drilling equipment, including BOP stacks and wellhead systems. It competes with HMH in subsea drilling packages and integrated well construction solutions for deepwater operators.
• Aker Solutions: Aker Solutions is a Norwegian provider of subsea production systems, drilling equipment, and offshore engineering services. As a Norway-headquartered peer with deep North Sea exposure, it overlaps directly with HMH's heritage MHWirth product line and subsea offerings.

Broad incumbents

• Baker Hughes: Baker Hughes is HMH's 50% owner and a broad oilfield services incumbent. While it is the JV parent, its broader oilfield services portfolio (drilling services, completions, digital) overlaps with HMH's equipment and digital offerings and represents both a channel partner and a potential competitor.
• Schlumberger (SLB): SLB is the largest global oilfield services company with broad exposure across drilling, completions, and digital. Through its Cameron acquisition, it competes directly with HMH in pressure control and drilling equipment while also offering integrated services that can substitute for HMH's standalone equipment.
• Saipem: Saipem is an Italian-based engineering and drilling services company with capabilities in offshore drilling rigs, subsea systems, and EPCI. Its drilling and offshore infrastructure businesses are comparable to HMH's offshore drilling equipment and lifecycle services.

Others

• Transocean: Transocean is the world's largest offshore drilling contractor and a major customer for HMH's drilling equipment, BOPs, and aftermarket services. While not a direct equipment competitor, it is a key buyer and demand signal for HMH's deepwater rig and pressure control products.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/HMHGlobal

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about HMH