What MICON-Drilling does

MICON-Drilling is the sales and rental arm of the privately held MICON Group, a German Mittelstand industrial equipment manufacturer headquartered in Nienhagen near Celle, Germany. The group consists of three wholly-owned operating subsidiaries: MICON-Drilling GmbH (sales and rental of drilling equipment), MICON Mining and Construction Products GmbH & Co. KG (manufacturing of drilling equipment and contract manufacturing on a 3,400 m² production site), and MICON Downhole-Tools GmbH (production and service of drilling and blow-out-preventer equipment). The group traces its engineering heritage to Christensen Mining Europe and maintains a close technical relationship with Eastman Whipstock GmbH, a sister entity formed from the same lineage.

The group's product portfolio spans the full drilling value chain, organized around four technical pillars: directional drilling tools (TruTrak, VertiTrak, 3D-Trak rotary steering systems and MWD systems), downhole motors and BHA equipment (mud motors with optimized stator-rotor geometries, drill rods, stabilizers), borehole safety equipment (API-compliant BOP stacks, ram-type, shear and rotational preventers, Kelly valves rated to 15,000 PSI), and coring / raise-bore / survey systems (wireline core barrels to 4,500 m depth, raise bore rods, the RVDS automated vertical drilling system for 8½"–26" boreholes, and the EMS Electronic Multishot System recording up to 8,142 survey points). Manufacturing is anchored in German steel specifications and modern 5-axis CNC machining centers, with quality management systems certified to DIN EN ISO 9001:2015 and (for the welding-intensive operation) DIN EN ISO 3834-2:2021.

MICON generates revenue through four streams: one-time equipment sales (RVDS, BHA, core bits, oilfield bits, core barrels, BOPs), recurring rental of drilling equipment with on-call service engineer support, contract manufacturing (Lohnfertigung) leveraging its CNC capacity for oil & gas and general mechanical engineering customers, and professional services including technical consulting, repair, maintenance, on-site service, and training. Customers are enterprise buyers in mining, oil & gas (primary), geotechnical / construction, and geothermal drilling, reached via direct global field sales, trade-show participation (GeoTHERM, SMRI, Celle Drilling Conference), and structured university relationships (TU Freiberg, TU Clausthal). Pricing is quote-based across all streams and is not publicly disclosed. The group employs approximately 100 people and operates as an internationally active, private, family-controlled industrial group with no disclosed institutional or public ownership.

Name

MICON-Drilling

Legal name

MICON-Drilling GmbH

Website

https://micon-drilling.de

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

51–100 employees

Short description

MICON-Drilling is the sales and rental arm of the German Mittelstand MICON Group, designing, manufacturing, and renting directional drilling tools, downhole motors, BOPs, core barrels, and raise-bore equipment for mining, oil & gas, geothermal, and geotechnical drilling customers worldwide from its Nienhagen production base.

Ownership category

akta.pro rank

Product category

Drilling Equipment Manufacturing

NAICS

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

SIC

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

akta.pro primary industry

Drilling & Rock Excavation Equipment (Rotary/Top-Hammer, Jumbos, Raiseborers) (IMAKANAC)

akta.pro secondary industries

Drill Tools, Bits & Downhole Equipment (IMAHAMAB), Rock Drilling & Blasthole Drilling Equipment (IMAHAMAC), Wear Parts & Consumables (GET, Liners, Drill Bits, Grinding Media) (IMAKANAH), Exploration & Production Drilling Services (RC, Core, Directional, Sonic, Auger) (IMAKAKAB), Drilling & Well Construction (E&P Operator-led) (EUALAAAD)

Keywords

• Directional drilling equipment
• Blow-out preventer systems
• Downhole motors
• Raise bore equipment
• Core drilling tools

Headquarters

HQ city

Nienhagen

HQ country

Germany

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Equipment Sales: Direct sales of drilling equipment including RVDS, directional drilling tools, raise bore equipment, BHA equipment, core bits, oilfield bits, core barrels, and service equipment. All products manufactured in Germany at the company's own facilities.
2. Equipment Rental: Rental of drilling equipment with optional experienced service engineer support. Customers can contact service engineers for assistance during rental periods. Fast and long-term availability of spare parts is assured.
3. Contract Manufacturing (Lohnfertigung): MICON Mining & Construction Products and MICON Downhole-Tools offer contract manufacturing capacities using their modern, diversified CNC machinery including 5-axis machining centers. Serves the oil and gas industry and general mechanical engineering. Short processing times, cost effectiveness, and high quality emphasized.
4. Technical Services, Repair and Maintenance: Comprehensive services including technical consulting, repairs, maintenance, on-the-job service, and training courses and seminars. Rapid availability of spare parts. Maintenance, installation and repair of drilling equipment, downhole motors, preventers and stabilizers.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

MICON-Drilling specializes in the design, manufacture, sales, and rental of drilling equipment and drill string components for the mining, oil & gas, geothermal, and geotechnical industries. The product portfolio includes directional drilling tools, RVDS automated vertical drilling systems, downhole motors, blow-out preventer systems, raise bore equipment, core barrels, coring bits, and borehole survey systems, all manufactured in Nienhagen, Germany.

Product overview

MICON-Drilling offers a comprehensive portfolio of drilling equipment and services as a unified product ecosystem. The company operates three divisions: MICON-Drilling GmbH (sales and rental of drilling equipment) provides the core product lines including the RVDS Vertical Drilling System, Directional Drilling Tools, Raise Bore Equipment, BHA Equipment, Core Bits, Oilfield Bits, Core Barrels, and the EMS Borehole Survey System, along with rental and service equipment. MICON Downhole-Tools GmbH specializes in manufacturing and service of Drill Motors, Blow-out Preventer systems, and Kelly Valves for borehole safety. MICON Mining & Construction Products GmbH & Co. KG handles manufacturing of drilling equipment and contract manufacturing services. All divisions share a common engineering heritage from Christensen Mining Europe and operate from Nienhagen near Celle, Germany.

Differentiator

Problem solved

Functional benefit

Brands

• RVDS (Rotary Vertical Drilling System): Automated vertical drilling system specialized for 8½" – 26" diameter boreholes with automated steering capabilities
• TruTrak
• VertiTrak
• 3D-Trak (RSS)
• Christensen Coring Bits
• Christensen
• EMS (Electronic Multishot System)

Products and services

• RVDS Vertical Drilling System Automated vertical drilling system specialized for boreholes with 8½"–26" diameter, featuring turbine-powered self-sustaining energy, integrated inclinometers for deviation measurement, and hydraulically extendable steering ribs for automatic corrections. Compatible with standard Raise Bore units.
• Directional Drilling Tools Comprehensive range of high-quality directional drilling equipment including MWD (Measurement While Drilling) systems, drilling motors, and self-steering tools such as TruTrak, VertiTrak, and 3D-Trak (RSS) Rotary Steering System for automated trajectory control.
• Raise Bore Equipment High-quality raise bore equipment including drill rods, stabilizers, and subs manufactured to MICON specifications using high-quality German steel. Specifications developed through long-standing cooperations with German universities and steel mills.
• BHA Equipment Wide range of drilling equipment including drill rods, wireline coring rods, stabilizers, crossovers, and hole openers. Custom-made equipment and non-magnetic drill collars available for downhole assembly applications.
• Core Bits Christensen coring bits for mining and geotechnical drilling applications, featuring high-grade materials and continuous product development for maximum rate of penetration and superior wear resistance. Repair and rental services offered.
• Oilfield Bits Steel and matrix body drill bits for rough drilling conditions, including MICON Directional Series (MR), MICON Drilling Series (MD), and MICON Coring Series (MC). Sizes range from 2" to 17½".
• Core Barrels High-quality coring systems including wireline core barrels, double-tube and single-tube core barrels with optional variants for liner, multi-drill system, or core orientation. Features Christensen flexible latching head technology for secure locking.
• EMS Borehole Survey System Electronic Multishot System specialized for borehole survey, inserted via winch and automatically recording up to 8,142 measuring points providing azimuth and inclination data. Data readout via USB port. Available in ATEX-certified variant for explosive environments.

Quantifiable outcome

• Up to 8,142 measuring points per borehole survey with the EMS Electronic Multishot System
• +4 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature9 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Eastman Whipstock GmbHcoreStrategic or Co-development PartnerMICON Mining & Construction Products has access to the knowledge of Eastman Whipstock GmbH. Both companies emerged from Christensen Mining Europe and share decades of field, manufacturing, and development experience in drilling technology. This close relationship provides combined expertise in whipstock systems and directional drilling technology.
• Entreprenorservices ASminorOthersNorwegian drilling contractor for whom MICON-Drilling provided directional drilling and MWD services on a 430m directional pilot hole project near Ålesund, Norway.
• EDILMAC DEI F.LLI MACCABELLI S.R.L.minorOthersItalian drilling contractor for whom MICON-Drilling executed an RVDS directional pilot hole drilling project (13.75", 145m) in Forbach, Germany.
• TU Freiberg SPE Student ChapterminorGTM or Marketing PartnerMICON-Drilling sponsored the 2026 Brazil trip of the TU Freiberg SPE Student Chapter, supporting the next generation of drilling engineers and building brand awareness among future industry professionals.
• Technische Universität Clausthal (TU Clausthal)minorGTM or Marketing PartnerMICON Downhole-Tools participated in the job fair at TU Clausthal to recruit students for positions at the company. Part of university relations and talent acquisition strategy.
• Solution Mining Research Institute (SMRI)minorOthersMICON-Drilling participates in SMRI conferences (Spring Conference 2026 in Edinburgh), contributing to technical discussions in the mining and drilling research community.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Epiroc: Epiroc (formerly Atlas Copco Mining & Rock Excavation) provides drilling rigs, raise boring equipment, and consumables for mining and infrastructure. Directly overlaps MICON's raise bore, rock drilling, and core drilling product lines.
• The Robbins Company: Robbins is a leading manufacturer of raise boring and tunnel boring equipment, including raise bore drill rods, cutters, and stabilizers. Direct competitor to MICON's raise bore equipment line.
• Sandvik Mining and Rock Solutions: Sandvik Mining and Rock Solutions is a global leader in mining drilling tools, rock drills, and raise boring equipment. Highly comparable to MICON across core bits, raise bore equipment, BHA consumables, and underground mining applications.
• Halco Drilling Tools: Halco Drilling Tools is a UK-based manufacturer of down-the-hole hammers and drilling bits for mining, quarrying, and exploration. Comparable niche European drilling tools manufacturer with similar product categories.
• Center Rock Inc. Center Rock manufactures DTH hammers, drill bits, and drilling tools for mining, construction, and oil & gas. Comparable to MICON's drill bits and DTH/downhole tool offerings.
• Bauer Maschinen: Bauer Maschinen is a German manufacturer of specialty foundation drilling rigs and equipment. Comparable as a German-headquartered specialty drilling equipment manufacturer with overlapping customer base in geotechnical and construction drilling.
• Boart Longyear: Boart Longyear manufactures drilling tools and provides drilling services for mineral exploration, including core barrels, drill bits, and downhole instrumentation. Closely comparable to MICON's coring and mining drilling offerings.
• Technidrill: Technidrill is a French manufacturer of raise boring equipment, core drilling tools, and downhole instrumentation. Similar European-based niche manufacturer competing in raise bore and core drilling categories.

Broad incumbents

• National Oilwell Varco (NOV): NOV is a global manufacturer of oil & gas drilling equipment including downhole motors, MWD/LWD systems, and wellhead/BOP equipment. Overlaps MICON's downhole motors, MWD, and Kelly valve product lines but operates at vastly larger scale.
• Cameron (SLB): Cameron (a Schlumberger brand) is the global leader in BOP systems, wellhead equipment, and pressure-control technologies. Direct overlap with MICON's BOP and Kelly valve product lines, though at vastly larger scale and broader portfolio.

Market position

Weaknesses3 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/profile.php
• LinkedInde.linkedin.com/company/micon-drilling-gmbh

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries3 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 MICON-Drilling