Tracerco

What Tracerco does

Tracerco is a UK-headquartered industrial technology company founded in 1958, specializing in nucleonic instrumentation, chemical and radioisotope tracer technology, radiation monitoring, and subsea pipeline inspection. Its core products include the Tracerco Profiler (real-time multiphase separation measurement), Tru-Scan and Tru-Grid gamma and neutron backscatter scanning systems, the Discovery subsea CT scanner, the DrumVision coke drum monitoring system, level and density measurement instruments, and a full radiation monitor portfolio spanning Personal Electronic Dosimeters (PED Gen 2), dose rate monitors, contamination monitors, NORM monitors, X-ray monitors, and mud monitors. Underlying technology relies on ionising radiation and radioisotope tracers, with proprietary patented detection methods, intrinsically safe hardware certified to ATEX/IECEx/FM/CSA standards, and ISO-conformant methodologies for process column scanning and flow measurement.

The company generates revenue through four streams: hardware sales of nucleonic instruments and radiation monitors; professional services including process diagnostics, gamma scanning, subsea asset integrity, and radiochemical analytical services; managed fuel marking programs for governments and brand owners; and recurring instrument training, lifecycle support, and cloud-based dosimetry software (DoseVision2). Go-to-market is primarily enterprise field sales via 20+ offices across six continents, augmented by a channel partner network and a direct-to-consumer e-commerce storefront for dosimetry products. Tracerco serves oil and gas (refineries, upstream, FPSOs, subsea), petrochemical and chemical operators, the nuclear sector (post-F4N accreditation), mining, and emerging energy-transition verticals (CCS, biofuel authentication). Approximately 400 employees support operations globally, with named enterprise customers including BASF, Chevron, ConocoPhillips, Sabic, Caltex, Ineos, Syncrude, Subsea 7 and Fugro. The company has operated as an independent PE-backed entity since its 2023 acquisition by Sullivan Street Partners and Souter Investments from Johnson Matthey.

Name

Tracerco

Legal name

Tracerco Limited

Website

https://tracerco.com

Company type

Private

Founded year

1958

Operating status

Operating

Headcount range

251–500 employees

Short description

Tracerco is a UK-based industrial technology company that designs nucleonic instrumentation, radiation monitors, and chemical tracer systems for process diagnostics and asset integrity. It serves oil and gas, petrochemical, chemical, nuclear, mining, and emerging energy-transition customers globally across 20+ offices.

Ownership category

akta.pro rank

Product category

Industrial Process and Radiation Measurement Instrumentation

NAICS

Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (3345), Testing Laboratories and Services (54138)

SIC

Industrial Instruments For Measurement, Display, And Control (3823), Laboratory Analytical Instruments (3826), Services-Testing Laboratories (8734)

akta.pro primary industry

Radiation Detection Instruments & Systems (Portal monitors, spectrometers, contamination monitors) (EUAKAIAK)

akta.pro secondary industries

Industrial Radiography & NDT Services (Gamma radiography, source handling, field inspection) (EUAKAIAF), Radiation Measurement, Dosimetry & Monitoring Services (Personal/environmental dosimetry, calibration labs) (EUAKAIAH)

Keywords

• Process instrumentation
• Radiation monitoring
• Nucleonic measurement
• Subsea inspection
• Process diagnostics

Headquarters

HQ city

Billingham

HQ country

United Kingdom

HQ region

Europe

Offices21 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Nucleonic Instrumentation Products: Sale of advanced nucleonic instrumentation including level measurement, density measurement and phase measurement instruments for process control
2. Radiation Monitors and Personal Dosimeters: Sale of radiation monitoring and detection devices including personal electronic dosimeters, dose rate monitors, contamination monitors, NORM monitors, X-ray monitors, mud monitors
3. Process Diagnostic Services: Gamma scanning, tracer diagnostics, and process optimization services for refineries, petrochemical plants, upstream oil and gas facilities
4. Analytical Services: Full range of radiochemical and compositional analysis services with standard 10-day turnaround and expedited 1-day service available
5. Fuel Marking Programs: Tailored fuel marking programs for governments and brand owners to combat fuel dilution, substitution and smuggling
6. Instrument Training and Support: Instrumentation training courses, product lifecycle management, and support contracts
7. Subsea Technologies: Non-intrusive subsea pipeline inspection, asset integrity monitoring, pipeline commissioning and decommissioning services

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels10 records

Core offering

Tracerco designs, manufactures and sells nucleonic instrumentation, radiation monitoring devices and subsea inspection technologies, and provides process diagnostic, tracer, analytical and fuel-marking services to oil and gas, petrochemical, chemical, nuclear, mining and radiation-safety customers. Its offerings combine proprietary hardware (Profiler, Level/Level+, Density Measurement, DrumVision, PED Gen 2, T-series monitors, NORM Monitor-IS, Mud Monitor, Discovery CT Scanner) with field-delivered professional services and the DoseVision2 cloud software platform.

Product overview

Tracerco provides industrial technology solutions including nucleonic instrumentation (Profiler™, Level, Level+, Density Measurement, DrumVision™), radiation monitors (PED Gen 1 & 2, T-series dose rate and contamination monitors, NORM monitors, Mud monitors), subsea inspection technologies (Discovery™ CT Scanner), and software platforms (DoseVision, SmartView). The company also offers chemical tracer technology services, fuel marking solutions, analytical services, and instrument training and support. These products work together to provide measurement, inspection, and analytical services for oil, gas, petrochemical, mining, and other industries across six continents.

Differentiator

Problem solved

Functional benefit

Products and services

• Tracerco Profiler Award-winning nucleonic instrument that measures the vertical distribution of gas, oil, water, foam, emulsion and sand in real time at high resolution, providing separation solutions for upstream and downstream oil and gas processing vessels.
• Tracerco Level Non-contact nucleonic level measurement instrument providing accurate and repeatable measurements for liquid level, interface and solids monitoring in upstream and downstream vessels.
• Tracerco Level+ Accurate and repeatable nucleonic level measurement instrument suitable for challenging oil, chemical and petrochemical applications including those with potential for solids deposition and extremes of temperature and pressure.
• Tracerco Density Measurement Instrumentation (Hyperion) Reliable, non-contact density measurement solution using innovative scintillator-based technology, offering unrivalled stability, automatic ambient temperature compensation and built-in condition monitoring.
• DrumVision Non-contact measurement system for aging coke drum challenges, providing real-time foam and coke detection with three-phase visibility (vapour, foam, and coke).
• Personal Electronic Dosimeters (PED) Gen 2 Next-generation personal radiation dosimeters with patented detection technology, a high-resolution TFT display and enhanced measurement performance for radiation safety, with intrinsically safe variants.
• Personal Electronic Dosimeters (PED) Gen 1 Range of first-generation personal radiation dosimeters including PED-Blue, PED+, PED-ER and PED-ER+ for radiation monitoring across various applications.
• Tracerco T202 Dose Rate Monitor Intrinsically safe radiation dose rate monitor combining safety with ruggedized construction, featuring personal dose integration and peak dose rate memory.
• Tracerco T402/T402HR Dose Rate Monitors Rugged all-weather dose rate monitors engineered for accuracy and reliability, with T402 providing fast response for low radiation levels and T402HR providing extended range for high dose rates.
• Tracerco T401 Contamination Monitor High-sensitivity contamination monitor for detecting alpha and beta radiation, featuring a dual bar graph display and detachable radiation probe.
• Tracerco T406 X-ray Monitor Lightweight X-ray radiation monitor enabling rapid radiation level detection and peak measurement identification with a hygienic design.
• Tracerco NORM Monitor-IS ATEX-approved radiation monitoring device with dual probe capabilities using Geiger Muller or scintillator probes for NORM (Naturally Occurring Radioactive Material) detection.
• Tracerco Mud Monitor Intrinsically safe radiation monitor for logging-while-drilling (LWD) applications that confirms radioactive source integrity and protects personnel from potential radiation exposure.
• Personal Dosimetry (TLDs) Thermoluminescent dosimeters worn by workers to track cumulative radiation dose over periods up to three months for radiation safety and regulatory compliance.
• Tracerco Discovery CT Scanner Non-intrusive subsea CT scanner for inspection of piggable and unpiggable subsea pipelines, measuring pipe wall thickness through any type of protective coating without interrupting production.
• DoseVision2 Cloud-based dosimetry management software platform for secure device configuration and auditable management of worker dose data.
• Process Diagnostic Services Gamma scanning, chemical and radioisotope tracer diagnostics, and process optimization services for refineries, petrochemical plants and upstream oil and gas facilities, including troubleshooting heat exchanger leaks, flow rates, flare studies and FCC unit performance.
• Analytical Services Full range of radiochemical and compositional analysis services with standard 10-day turnaround and expedited 1-day service available.
• Fuel Marking Programs Tailored fuel marking programs for governments and brand owners to combat fuel dilution, substitution and smuggling.
• Instrument Training and Support Instrumentation training courses, product lifecycle management and support contracts for Tracerco's instrument customers.
• Subsea Pipeline and Asset Integrity Services Non-intrusive subsea pipeline inspection, asset integrity monitoring, pipeline commissioning and decommissioning services, including pig tracking and grout monitoring, leveraging the Discovery CT scanner and related technologies.

Quantifiable outcome

• Saved businesses billions of dollars through optimized operations
• +3 more outcomes

Named customers14 records

Segments8 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Four partnerships are on record, tiered minor and core.

• AMS Global GroupminorStrategic or Co-development Partner · 1 January 2025Tracerco and AMS showcased advanced asset integrity and safety solutions together at OEUK events ahead of Offshore Decommissioning Conference.
• Nuclear Advanced Manufacturing Research Centre (AMRC)coreStrategic or Co-development Partner · 1 January 2024Tracerco's Billingham sites granted Fit for Nuclear (F4N) status by the Nuclear AMRC, affirming adherence to rigorous nuclear industry standards and requirements.
• Johnson MattheyminorStrategic or Co-development Partner · 1 January 2002Fuel marker technology business unit was acquired by Johnson Matthey in 2002 to enhance existing catalyst technology.
• Prospect Global Ltd (Sopro)minorGTM or Marketing PartnerDigital marketing agent appointed to conduct marketing activity on Tracerco's behalf, operating as a compliant data processor under UK data protection regulations.

Scale indicators6 records

Recent moves7 records

Expansion highlights7 records

Broad incumbents

• AMETEK:
• Emerson (Rosemount): Emerson's Rosemount and Measurement Solutions portfolio offers level, pressure, flow and analytical instrumentation for refineries and chemicals, competing broadly with Tracerco across the same enterprise customers with a much larger installed base.

Direct peers

• Berthold Technologies: Berthold Technologies is a German specialist in radiometric (nucleonic) process measurement - level, density, concentration and mass flow - directly competing with Tracerco's Profiler, Level and Density instrumentation across chemical, petrochemical and mining customers.
• Endress+Hauser: Endress+Hauser is a global leader in industrial process instrumentation (level, flow, analytical) for oil & gas, chemicals and food, competing head-to-head with Tracerco in refinery and petrochemical instrumentation while offering non-radiometric alternatives.
• Mirion Technologies: Mirion Technologies provides radiation detection, dosimetry and monitoring solutions for nuclear, medical and industrial applications, directly overlapping with Tracerco's PED, T-series dose rate and contamination monitor portfolio.
• Mettler-Toledo: Mettler-Toledo manufactures precision instruments for process analytics, density and level measurement, competing with Tracerco in pharmaceutical, chemical and food/beverage process instrumentation markets.
• KROHNE: KROHNE is a European specialist in industrial process measurement (level, flow, density, analytical), providing non-radiometric alternatives to Tracerco's nucleonic gauges and competing in oil & gas, chemical and water/wastewater verticals.
• VEGA Grieshaber: VEGA is a leading manufacturer of level, pressure and point-level measurement instruments, particularly strong in radar and ultrasonic technologies that compete with Tracerco's radiometric level instruments in chemical and water applications.

Market position

Strengths2 records

Weaknesses5 records

Competitive moat5 records

Key highlights7 records

Customer concentration

• Xx.com/Tracerco
• YouTubeyoutube.com/user/TRACERCO?feature=watch
• Facebookfacebook.com/tracerco
• LinkedInlinkedin.com/company/tracerco-ltd

Compliance14 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Tracerco