Stockholm Precision Tools AB
Stockholm Precision Tools AB manufactures solid-state gyroscopic downhole survey instruments and structural/core logging systems for mining, oil and gas, and civil engineering clients across 50+ countries.
- Company typePrivate
- Founded1996
- HeadquartersMálaga, Spain
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What Stockholm Precision Tools AB does
Stockholm Precision Tools AB (SPT) is a Sweden-founded (1996), privately held industrial instrumentation company now headquartered in Málaga, Spain, that designs and manufactures solid-state gyroscopic downhole directional survey tools and associated services for the mining, oil and gas, and civil engineering sectors. Its product portfolio centers on north-seeking and continuous gyroscopic survey instruments (GyroMaster, GyroTracer, GyroScout, MagCruiser, Polestar), structural and core logging systems (StructMaster, CoreMaster, SmartCore) that combine downhole sensors with image-based and data-driven logging, and a software/cloud layer (SmartCloud, GyroLogic) for survey data management and QA/QC. The tools compete with conventional magnetic and inertial measurement tools in environments where magnetic interference, high inclination, or high-temperature conditions render magnetic surveys unreliable.
SPT monetizes through direct sale or rental of survey hardware to drilling contractors and mining operators, complemented by service contracts, calibration, and training. Pricing is custom-quoted per project rather than list-based, indicating a high-touch enterprise sales motion. Go-to-market combines 12 directly owned offices across more than 50 countries with regional distributors, and the company reports a base of 1,000+ mining clients across 1,450+ active operations. Manufacturing and engineering are anchored in Europe with the engineering team reported at 100+ technical professionals, supported by ISO 9001/14001/45001 certifications as a procurement-relevant trust signal for tier-one miners and EPC contractors.
Stockholm Precision Tools AB firmographics
Firmographics- Name
- Stockholm Precision Tools AB
- Legal name
- Stockholm Precision Tools AB
- Website
- https://sptab.com
- Company type
- Private
- Founded year
- 1996
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Stockholm Precision Tools AB manufactures solid-state gyroscopic downhole survey instruments and structural/core logging systems for mining, oil and gas, and civil engineering clients across 50+ countries.
- Ownership category
- akta.pro rank
Stockholm Precision Tools AB industry classification
Industry- Product category
- Downhole Directional Survey Tools
- NAICS
- Oil and Gas Field Machinery and Equipment Manufacturing (333132), Geophysical Surveying and Mapping Services (541360), Support Activities for Mining (213)
- SIC
- Industrial Instruments For Measurement, Display, And Control (3823), Oil & Gas Field Machinery & Equipment (3533), Mining Machinery & Equip (No Oil & Gas Field Mach & Equip) (3532)
- akta.pro primary industry
- Geotechnical Instrumentation & Monitoring (Settlement, Inclinometers, Piezometers) (IMAFAOAH)
- akta.pro secondary industries
- Geotechnical Investigation & Site Characterization (Boreholes, In-situ Testing, Lab Testing) (IMAFAOAG), Geotechnical & Subsurface Engineering Consulting (BPAHAIAB)
Keywords
Where Stockholm Precision Tools AB is headquartered
LocationHeadquarters
- HQ city
- Málaga
- HQ country
- Spain
- HQ region
- Europe
Offices13 records
Markets served
Stockholm Precision Tools AB business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Hardware Sales - Downhole Survey Tools: Sale of proprietary downhole directional survey instruments including gyro tools, magnetic survey tools, core orientation systems, and rig alignment equipment. Products sold as complete kits with accessories.
- Calibration and Technical Support Services: On-site calibration services available at 14 global offices, 24/7 technical support, and professional services for equipment deployment and training.
- SmartCloud Software Platform: Cloud-based data management and synchronization platform integrated with hardware tools for real-time data access, QA/QC validation, and reporting.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom quote-based pricing for all products |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels5 records
Stockholm Precision Tools AB product offering
Product offeringCore offering
Stockholm Precision Tools AB designs and manufactures solid-state gyroscopic downhole directional survey tools used to map borehole trajectories in mining, oil and gas, and civil engineering projects. The portfolio includes north-seeking gyros, reference gyros, magnetic survey tools, rig alignment systems, core orientation and structural logging instruments, supported by the proprietary SPT SmartCloud data management platform and an Open API.
Product overview
SPT is a leading manufacturer and supplier of high-precision solid-state downhole survey tools for mining, oil and gas, and civil engineering industries. The product portfolio operates as a unified ecosystem centered on the SPT SmartCloud cloud platform, which provides data management, real-time QA/QC, and an Open API for external system integration. The core offering includes: Downhole Navigation tools (GyroMaster, GyroMaster Evo, MagCruiser, MagCruiser Evo, GyroLogic Evo, GyroScout, and GyroTracer for oil and gas); Rig Alignment solutions (Polestar Aligner and Gyro RigAligner); Core Orientation systems (CoreMaster, SmartCore); and Structural Geology logging (StructMaster). Supporting accessories include Core Retriever, GyroGamma, CalibraCheck calibration stand, Optical Depth Counter, and PushRodder deployment system. All products feature proprietary Navibore technology and integrate with SmartCloud for full data custody and traceability.
Differentiator
Problem solved
Functional benefit
Brands
- SPT SmartCloud: Cloud-based data management and interoperability platform for borehole survey data management, providing full data custody, real-time QA/QC, and traceability.
- Navibore
- NaviBlast
Products and services
- GyroMaster Solid-state north-seeking gyroscope for precise downhole directional surveying, designed for high-accuracy borehole trajectory measurement in mining and drilling applications.
- GyroMaster Evo Compact solid-state north-seeking gyro designed for high-accuracy downhole directional surveying where portability and slim tool dimensions are required.
- MagCruiser Magnetic multi-shot downhole survey tool providing azimuth, inclination, and toolface readings for borehole trajectory mapping.
- MagCruiser Evo Lightweight and more compact magnetic survey tool offering multi-shot downhole directional measurements for slim-hole applications.
- GyroLogic Evo Solid-state reference gyroscope used to support directional drilling and survey verification in demanding downhole conditions.
- GyroScout Slim solid-state gyro designed for blast hole quality assurance and quality control surveying in mining operations.
- GyroTracer Gyroscopic directional survey instrument engineered for oil and gas wellbore positioning and trajectory measurement.
- Polestar Aligner Rig alignment system used to verify drilling rig orientation and ensure accurate borehole trajectory initiation.
- Gyro RigAligner Gyro-based rig alignment instrument used to align drilling rigs to a defined reference azimuth for civil engineering and drilling projects.
- StructMaster Structural logging instrument for assessing the structural integrity and geometry of boreholes in civil engineering and geotechnical applications.
- CoreMaster Core orientation tool used in mineral exploration to determine the in-situ orientation of drill core samples.
- SmartCore Core orientation instrument providing reliable orientation measurements of drill core for geological logging and structural interpretation.
- SPT SmartCloud Cloud-based survey data management platform that stores, processes, and shares directional survey data collected by SPT downhole instruments, with an Open API using OAuth 2.0.
- CalibraCheck Calibration stand used to verify and calibrate downhole survey instruments in field or workshop conditions.
- Optical Depth Counter Optical depth measurement accessory used to track tool depth during downhole surveying operations.
- PushRodder Deployment system designed to push survey tools into position during downhole operations.
- PathBreaker Whipstock Whipstock accessory used in oil and gas sidetrack and re-entry drilling applications to establish a new wellbore path.
- Core Retriever Core retrieval accessory used to recover core samples or downhole instruments during drilling operations.
- GyroGamma Gamma measurement accessory that integrates natural gamma readings with gyro-based survey data for downhole correlation.
Quantifiable outcome
- 12 hours of rig-time savings (approximately USD 60,000) per well in Nigeria deployment
- +3 more outcomes
Companies that use Stockholm Precision Tools AB
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles3 records
Stockholm Precision Tools AB technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability5 records
Feature6 records
Stockholm Precision Tools AB partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered standard and key.
- VGDrillstandardDistributor for Portugal market, handling sales and support of SPT products in the region.
- Levanto OYstandardDistributor for Scandinavian region, providing local sales and support for SPT products.
- Imren MakinestandardDistributor for Turkey (Türkiye) market, handling local sales and support.
- TrigteqstandardDistributor for Mongolia market, providing local sales and support for SPT products.
- Bin ShehabstandardDistributor for Saudi Arabia market, handling sales and support of SPT products.
- AlternatestandardDistributor for Indonesia market, providing local sales and support for SPT products.
- AGS (Africa Geo Services)standardDistributor for Ghana market, handling sales and support of SPT products in West Africa.
- Segofs Energy Services LimitedkeySuccessfully deployed SPT's first in-house GyroTracer GWD system in Nigeria, demonstrating collision avoidance capabilities and significant rig-time savings in the Evwreni-15 well. The deployment resulted in approval for three additional wells on the Evwreni platform.
Scale indicators9 records
Expansion highlights5 records
Stockholm Precision Tools AB competitors and assessment
Company assessmentBroad incumbents
- Halliburton: Halliburton's Drilling and Evaluation divisions provide directional drilling, surveying and downhole instrumentation through its Sperry brand (in mining adjacent) and Landmark solutions, competing with SPT in oil & gas well-construction workflows.
- Schlumberger (SLB): SLB's Sperry Drilling and well construction businesses offer integrated directional drilling, MWD/LWD and surveying services that compete with SPT's oil & gas offerings as part of a much broader portfolio.
- Boart Longyear: Global drilling services and product company that supplies downhole surveying instrumentation to mining clients across many of the same geographies as SPT, including magnetic and gyro-based tools.
- Weatherford International: Weatherford provides directional drilling, downhole sensing and surveying services to oil & gas operators, directly overlapping with SPT's gyro-based well placement and collision-avoidance use cases.
- Sandvik Mining and Rock Solutions: Sandvik supplies drilling equipment and rock tools used by SPT's mining customers; its drilling solutions portfolio competes at a portfolio level for tooling and surveying budgets in underground and surface mining.
- Atlas Copco (Epiroc): Epiroc, spun off from Atlas Copco, is a major mining and infrastructure equipment supplier with overlapping coverage in drilling, exploration instrumentation and rig alignment solutions that compete for the same customer wallet as SPT.
Direct peers
- Gyrodata: Gyrodata (now part of Gyro Intelligence / SLB ecosystem) is one of the leading providers of gyroscopic wellbore surveying and gyro-while-drilling services in oil & gas, a direct competitor to SPT's GyroTracer range.
- IDS (International Directional Services): IDS is a directional drilling and surveying services company serving both mining and oil & gas clients, comparable to SPT in delivering high-precision borehole trajectory measurement.
- APS Drilling / APS (Applied Technical Services): APS provides downhole survey instruments and surveying services for the mining and exploration sectors, directly overlapping with SPT's gyro-based borehole surveying offering.
- Reflex Instruments (Azimuth Mining Solutions): Reflex, now part of the Imdex group, manufactures downhole orientation and survey instrumentation for the mining sector — the closest direct competitor to SPT's gyro-based directional surveying portfolio.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Stockholm Precision Tools AB social profiles
Digital presenceStockholm Precision Tools AB compliance and trust
Trust signalCompliance4 records
Stockholm Precision Tools AB financial estimates
Financial estimateRevenue estimate
Valuation estimate
Stockholm Precision Tools AB leadership team
Management profileNumber of profiles
Profiles1 record
Stockholm Precision Tools AB funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Stockholm Precision Tools AB M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Stockholm Precision Tools AB
What does Stockholm Precision Tools AB do?
Stockholm Precision Tools AB designs and manufactures solid-state gyroscopic downhole directional survey tools used to map borehole trajectories in mining, oil and gas, and civil engineering projects. The portfolio includes north-seeking gyros, reference gyros, magnetic survey tools, rig alignment systems, core orientation and structural logging instruments, supported by the proprietary SPT SmartCloud data management platform and an Open API.
Is Stockholm Precision Tools AB a public or private company?
Stockholm Precision Tools AB is a private company. It is classified as unknown and is currently operating.
When was Stockholm Precision Tools AB founded?
Stockholm Precision Tools AB was founded in 1996. It employs 1 to 10 people.
Where is Stockholm Precision Tools AB based?
Stockholm Precision Tools AB is headquartered in Málaga, Spain, in the Europe region.
How does Stockholm Precision Tools AB make money?
Three revenue lines are on record. Hardware Sales - Downhole Survey Tools are the primary driver. The others are calibration and Technical Support Services and smartCloud Software Platform.
Who are Stockholm Precision Tools AB's main competitors?
Broad incumbents on record are Halliburton, Schlumberger (SLB), Boart Longyear, Weatherford International, Sandvik Mining and Rock Solutions and Atlas Copco (Epiroc). Direct peers are Gyrodata, IDS (International Directional Services), APS Drilling / APS (Applied Technical Services) and Reflex Instruments (Azimuth Mining Solutions).
Does Stockholm Precision Tools AB have an API?
Yes. SPT SmartCloud offers an Open API that enables authorized external systems to retrieve structured directional survey and trajectory data on demand through a secure REST interface with OAuth 2.0 authentication. The integration is unidirectional and designed to preserve existing QA/QC validation workflows, audit traceability, user permissions, and full chain of custody controls. No specific named third-party tools are documented as integration partners.
What industry is Stockholm Precision Tools AB in?
Stockholm Precision Tools AB's product category is Downhole Directional Survey Tools. Its primary akta.pro industry code is IMAFAOAH, Geotechnical Instrumentation & Monitoring (Settlement, Inclinometers, Piezometers), with a secondary code of IMAFAOAG, Geotechnical Investigation & Site Characterization (Boreholes, In-situ Testing, Lab Testing). Its NAICS code is 333132 and its SIC code is 3823.