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MHWirth

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uuid000rsod

Namestring
MHWirth
Legal namestring
HMH
Websiteurl
mhwirth.com
Company typeenum
Private
Founded yearint
1895
Descriptiontext

MHWirth, operating under the HMH brand, is a global provider of drilling equipment and related services to the energy and mining industries. Founded in 1895 and headquartered in St. John's, Canada, with a workforce of 1,001–5,000, the company delivers a portfolio spanning drilling equipment for land and offshore operations, Drilling Lifecycle Services (DLS), the beAware™ drilling digitalization platform, the DEAL™ & CADS drilling automation system, training, and in-house manufacturing. Its product footprint extends beyond upstream oil & gas into subsea mining, geothermal, onshore and offshore construction, and onshore wind — a deliberate diversification away from pure E&P cyclicality.

The company monetizes through capital-equipment sales to enterprise customers supplemented by recurring lifecycle services, training, and an emerging aftermarket e-commerce channel via HMHConnect and HMHConnect Shop. Digitalization (beAware™) and automation (DEAL™ & CADS) represent an incremental software and control-systems revenue layer on top of the physical rig fleet. Go-to-market is direct enterprise sales on a global basis, with customer-facing digital infrastructure (portal, shop, document library, and a Global Support Center) intended to deepen wallet share across the installed base.

The company is privately held with no disclosed parent or investor structure, operates an active investor relations site alongside its corporate site, and shows no public funding rounds, M&A, or leadership-change signals in the source material. Brand identity is consolidated under "HMH" (legal name and DBA), while the legacy MHWirth name remains in use across the corporate URL and customer-facing touchpoints.

Short descriptiontext

MHWirth (HMH) is a global drilling equipment OEM and lifecycle services provider serving oil & gas, subsea mining, geothermal, construction, and onshore wind operators with rigs, digitalization (beAware™), and automation (DEAL™/CADS) solutions.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersSt. John's, Canada
HQ citystring
St. John's
HQ countrystring
Canada
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
drilling equipment, drilling lifecycle services, oil and gas drilling, subsea mining equipment, drilling automation systems
Industry3 codes
1Drilling & Workover Rigs (Land & Offshore)
CodeEUALABAAPrimaryYes
2Oilfield Equipment Manufacturing & Supply (Wellheads, BOPs, Surface Equipment)
CodeEUALABALPrimaryNo
3Rock Drilling & Blasthole Drilling Equipment
CodeIMAHAMACPrimaryNo
NAICS code2 codes
  • Oil and Gas Field Machinery and Equipment Manufacturing333132
  • Mining Machinery and Equipment Manufacturing333131
SIC code2 codes
  • Oil & Gas Field Machinery & Equipment3533
  • Mining Machinery & Equip (No Oil & Gas Field Mach & Equip)3532
Product category
Oil and Gas Drilling Equipment
Social media profiles3 records
Marketing channels1 record

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

HMH designs, manufactures, and supports drilling equipment and related lifecycle services for land and offshore oil and gas operations, subsea mining, geothermal, onshore/offshore construction, and onshore wind industries. The portfolio spans core drilling rigs and equipment, drilling optimization services, the beAware™ digitalization platform for drilling monitoring, DEAL™ & CADS automation systems for rig sequences, training, and manufacturing capabilities. Customers access resources, documentation, and procurement via the HMHConnect portal and HMHConnect Shop.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

HMH is a premier drilling solutions provider offering a diversified portfolio of products and services designed to be the safest and most efficient in the industry. The company operates a platform-plus-modules architecture with Drilling Equipment as the core offering, supplemented by the beAware™ digitalization platform for drilling monitoring, DEAL™ & CADS automation system for rig sequence automation, and Drilling Lifecycle Services for end-to-end support. Additional verticals include Mining Equipment, Construction Equipment, and Manufacturing capabilities. The company also provides customer-facing platforms including HMHConnect portal and HMHConnect Shop, alongside Training services. Beyond land and offshore drilling, the company serves subsea mining, geothermal, construction, and onshore wind industries.

Product and service1 record
1Drilling Equipment
Recent move4 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Leading manufacturer of mining and infrastructure equipment including rock drilling rigs. Directly comparable to MHWirth's mining equipment business for both surface and underground applications.

TypeBroad incumbent
Description

Largest diversified oilfield services and digital provider. Competes with MHWirth through drilling services, drill bits, and digital platforms but operates across the full upstream value chain.

TypeDirect peer
Description

Norwegian provider of offshore drilling and subsea engineering solutions. Highly comparable on offshore drilling equipment, subsea systems, and lifecycle services.

TypeOthers
Description

Global heavy equipment OEM with a mining and construction machinery portfolio that partially overlaps MHWirth's mining and construction equipment lines, though not a drilling-focused competitor.

TypeBroad incumbent
Description

Diversified oilfield services giant with drilling and digital solutions. Competes with MHWirth in drilling-related services but at much larger scale and broader scope.

TypeDirect peer
Description

Oilfield services company focused on drilling and well services, with strong North Sea and offshore exposure. Comparable on drilling-related service offerings and rig support.

TypeDirect peer
Description

World's largest manufacturer of drilling rigs and oilfield equipment for land and offshore. Direct head-to-head competitor with MHWirth across drilling rigs, top drives, and surface equipment.

TypeDirect peer
Description

Global oilfield services and equipment company offering drilling, evaluation, and production solutions with strong presence in surface and downhole equipment overlapping MHWirth's portfolio.

TypeDirect peer
Description

Engineering and drilling contractor serving offshore E&P with drilling rigs and project services. Comparable customer base and offshore drilling focus, with adjacent construction exposure similar to MHWirth.

TypeBroad incumbent
Description

Broad oilfield services and industrial energy technology major with drilling, completions, and digital offerings. Overlaps MHWirth in drilling equipment and rig services as part of a much wider portfolio.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment5 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature2 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

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

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

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

MHWirth

Oil and Gas Drilling Equipmentmhwirth.com

MHWirth (HMH) is a global drilling equipment OEM and lifecycle services provider serving oil & gas, subsea mining, geothermal, construction, and onshore wind operators with rigs, digitalization (beAware™), and automation (DEAL™/CADS) solutions.

What MHWirth does

MHWirth, operating under the HMH brand, is a global provider of drilling equipment and related services to the energy and mining industries. Founded in 1895 and headquartered in St. John's, Canada, with a workforce of 1,001–5,000, the company delivers a portfolio spanning drilling equipment for land and offshore operations, Drilling Lifecycle Services (DLS), the beAware™ drilling digitalization platform, the DEAL™ & CADS drilling automation system, training, and in-house manufacturing. Its product footprint extends beyond upstream oil & gas into subsea mining, geothermal, onshore and offshore construction, and onshore wind — a deliberate diversification away from pure E&P cyclicality.

The company monetizes through capital-equipment sales to enterprise customers supplemented by recurring lifecycle services, training, and an emerging aftermarket e-commerce channel via HMHConnect and HMHConnect Shop. Digitalization (beAware™) and automation (DEAL™ & CADS) represent an incremental software and control-systems revenue layer on top of the physical rig fleet. Go-to-market is direct enterprise sales on a global basis, with customer-facing digital infrastructure (portal, shop, document library, and a Global Support Center) intended to deepen wallet share across the installed base.

The company is privately held with no disclosed parent or investor structure, operates an active investor relations site alongside its corporate site, and shows no public funding rounds, M&A, or leadership-change signals in the source material. Brand identity is consolidated under "HMH" (legal name and DBA), while the legacy MHWirth name remains in use across the corporate URL and customer-facing touchpoints.

MHWirth firmographics

Firmographics
Name
MHWirth
Legal name
HMH
Website
https://mhwirth.com
Company type
Private
Founded year
1895
Operating status
Operating
Headcount range
1,001–5,000 employees
Short description
MHWirth (HMH) is a global drilling equipment OEM and lifecycle services provider serving oil & gas, subsea mining, geothermal, construction, and onshore wind operators with rigs, digitalization (beAware™), and automation (DEAL™/CADS) solutions.
Ownership category
akta.pro rank

MHWirth industry classification

Industry
Product category
Oil and Gas Drilling Equipment
NAICS
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)
akta.pro primary industry
Drilling & Workover Rigs (Land & Offshore) (EUALABAA)
akta.pro secondary industries
Oilfield Equipment Manufacturing & Supply (Wellheads, BOPs, Surface Equipment) (EUALABAL), Rock Drilling & Blasthole Drilling Equipment (IMAHAMAC)

Keywords

  • Drilling equipment
  • Drilling lifecycle services
  • Oil and gas drilling
  • Subsea mining equipment
  • Drilling automation systems

Where MHWirth is headquartered

Location

Headquarters

HQ city
St. John's
HQ country
Canada
HQ region
North America

Markets served

MHWirth business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure

Distribution channels2 records

Marketing channels1 record

MHWirth product offering

Product offering

Core offering

HMH designs, manufactures, and supports drilling equipment and related lifecycle services for land and offshore oil and gas operations, subsea mining, geothermal, onshore/offshore construction, and onshore wind industries. The portfolio spans core drilling rigs and equipment, drilling optimization services, the beAware™ digitalization platform for drilling monitoring, DEAL™ & CADS automation systems for rig sequences, training, and manufacturing capabilities. Customers access resources, documentation, and procurement via the HMHConnect portal and HMHConnect Shop.

Product overview

HMH is a premier drilling solutions provider offering a diversified portfolio of products and services designed to be the safest and most efficient in the industry. The company operates a platform-plus-modules architecture with Drilling Equipment as the core offering, supplemented by the beAware™ digitalization platform for drilling monitoring, DEAL™ & CADS automation system for rig sequence automation, and Drilling Lifecycle Services for end-to-end support. Additional verticals include Mining Equipment, Construction Equipment, and Manufacturing capabilities. The company also provides customer-facing platforms including HMHConnect portal and HMHConnect Shop, alongside Training services. Beyond land and offshore drilling, the company serves subsea mining, geothermal, construction, and onshore wind industries.

Differentiator

Problem solved

Functional benefit

Products and services

  • Drilling Equipment

Companies that use MHWirth

Customer profile

Segments5 records

Ideal customer profiles3 records

MHWirth technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature2 records

MHWirth partnerships and signals

Strategic signal

Recent moves4 records

Expansion highlights5 records

MHWirth competitors and assessment

Company assessment

Direct peers

  • Epiroc: Leading manufacturer of mining and infrastructure equipment including rock drilling rigs. Directly comparable to MHWirth's mining equipment business for both surface and underground applications.
  • Aker Solutions: Norwegian provider of offshore drilling and subsea engineering solutions. Highly comparable on offshore drilling equipment, subsea systems, and lifecycle services.
  • Archer Limited: Oilfield services company focused on drilling and well services, with strong North Sea and offshore exposure. Comparable on drilling-related service offerings and rig support.
  • National Oilwell Varco (NOV): World's largest manufacturer of drilling rigs and oilfield equipment for land and offshore. Direct head-to-head competitor with MHWirth across drilling rigs, top drives, and surface equipment.
  • Weatherford International: Global oilfield services and equipment company offering drilling, evaluation, and production solutions with strong presence in surface and downhole equipment overlapping MHWirth's portfolio.
  • Saipem: Engineering and drilling contractor serving offshore E&P with drilling rigs and project services. Comparable customer base and offshore drilling focus, with adjacent construction exposure similar to MHWirth.

Broad incumbents

  • Schlumberger (SLB): Largest diversified oilfield services and digital provider. Competes with MHWirth through drilling services, drill bits, and digital platforms but operates across the full upstream value chain.
  • Halliburton: Diversified oilfield services giant with drilling and digital solutions. Competes with MHWirth in drilling-related services but at much larger scale and broader scope.
  • Baker Hughes: Broad oilfield services and industrial energy technology major with drilling, completions, and digital offerings. Overlaps MHWirth in drilling equipment and rig services as part of a much wider portfolio.

Others

  • Caterpillar: Global heavy equipment OEM with a mining and construction machinery portfolio that partially overlaps MHWirth's mining and construction equipment lines, though not a drilling-focused competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

MHWirth social profiles

Digital presence

MHWirth financial estimates

Financial estimate

Revenue estimate

Valuation estimate

MHWirth leadership team

Management profile

Number of profiles

MHWirth funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

MHWirth M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about MHWirth

What does MHWirth do?

HMH designs, manufactures, and supports drilling equipment and related lifecycle services for land and offshore oil and gas operations, subsea mining, geothermal, onshore/offshore construction, and onshore wind industries. The portfolio spans core drilling rigs and equipment, drilling optimization services, the beAware™ digitalization platform for drilling monitoring, DEAL™ & CADS automation systems for rig sequences, training, and manufacturing capabilities. Customers access resources, documentation, and procurement via the HMHConnect portal and HMHConnect Shop.

Is MHWirth a public or private company?

MHWirth is a private company. It is classified as unknown and is currently operating.

When was MHWirth founded?

MHWirth was founded in 1895. It employs 1,001 to 5,000 people.

Where is MHWirth based?

MHWirth is headquartered in St. John's, Canada, in the North America region.

Who are MHWirth's main competitors?

Direct peers on record are Epiroc, Aker Solutions, Archer Limited, National Oilwell Varco (NOV), Weatherford International and Saipem. Broad incumbents are Schlumberger (SLB), Halliburton and Baker Hughes. Caterpillar is listed as an others.

Does MHWirth have an API?

No public API is recorded for MHWirth.

What industry is MHWirth in?

MHWirth's product category is Oil and Gas Drilling Equipment. Its primary akta.pro industry code is EUALABAA, Drilling & Workover Rigs (Land & Offshore), with a secondary code of EUALABAL, Oilfield Equipment Manufacturing & Supply (Wellheads, BOPs, Surface Equipment). Its NAICS code is 333132 and its SIC code is 3533.

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PR NewswireGlobal Coiled Tubing Market Report 2021: High Spending in Global Upstream and Operational Activities have Begun to Rise from the NOCs and the Integrated Oil CompaniesResearch and Markets published a global coiled tubing market report on August 13, 2021, valued at USD 2,985.67 million in 2020, forecasting growth driven by rising oil and natural gas demand, deepwater project viability, and increased spending from national oil companies and integrated oil companies. The report analyzes market segmentation by services (well intervention, drilling, completion) and application (onshore, offshore), covering key regional markets including the United States, Canada, Norway, Russia, United Kingdom, China, India, Mexico, Brazil, and Saudi Arabia. In February 2021, Baker Hughes and Akastor ASA announced a joint venture combining Baker Hughes's Subsea Drilling Systems business with MHWirth AS to offer a broader portfolio of offshore drilling equipment.PR NewswireAkastor ASA: Suspended MHWirth project to be resumedKeppel FELS has issued a notice to MHWirth AS to resume work on a contract that was previously suspended in December 2020. The resumption of activities marks the end of the suspension period for this specific contractual agreement between the two entities.GlobeNewswireAkastor ASA: MHWirth has been awarded contract for new drilling equipment package from Keppel FELSMHWirth, owned by Akastor ASA, signed a contract with Keppel FELS for a drilling equipment package for a new mid-water semisubmersible rig. The package, including a mid-water riser, is valued at approximately $100 million, with delivery planned for Q1 2022.GlobeNewswireAkastor ASA: MHWirth strengthens leadership - Merrill A. "Pete" Miller Jr. appointed Executive Chairman and Eirik Bergsvik appointed CEOAkastor appointed Merrill A. "Pete" Miller Jr. as Executive Chairman and Eirik Bergsvik as CEO of MHWirth, effective immediately. Akastor plans to support MHWirth's organic growth and M&A, targeting a stand-alone IPO within five years.GlobeNewswireAkastor ASA: MHWirth in advanced discussions for drilling equipment packageAwilco Drilling PLC is in negotiations for a new semisubmersible drilling rig for North Sea operations. MHWirth AS, owned by Akastor ASA, has been selected for the drilling equipment package, with options for three additional packages. Further details will be provided if advanced discussions lead to a final contract.GlobeNewswireAkastor ASA: MHWirth investing in Electrical Subsea & DrillingMHWirth acquired a 20% stake in Electrical Subsea & Drilling (ESD) and will develop electric control of Blow Out Preventers and a durable Rotating Control Device for Managed Pressure Drilling. The technologies aim to replace hydraulic BOP systems, which are heavy and complex, with electro-mechanical solutions for safety and digitalization.