Techtools
Techtools is a UK-based procurement house founded in 1982 that sources, expedites, consolidates, and ships oil and gas parts and equipment for enterprise end users — primarily BP joint ventures and other supermajors — across Africa and the Middle East.
- Company typePrivate
- Founded1982
- HeadquartersSutton, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Techtools does
Techtools Ltd is a privately-held UK procurement house founded in 1982, specialising in sourcing, expediting, consolidating, and shipping oil and gas parts and equipment on behalf of enterprise end users across Africa and the Middle East. The company positions itself as a one-stop shop, managing the complete supply chain from tender/RFQ through delivery, drawing on a curated global database of OEMs, Manufacturer Representatives, and Authorised Distributors to source both current and obsolete equipment. Its portfolio spans eleven product categories including instrumentation, compressors, pumps, valves, filtration, safety equipment, electrical, engines, HVAC, pipeline products, and fittings.
The business model is sales-led and project-based, with revenue generated through procurement service fees on transactions rather than software licensing or subscription. Pricing is negotiated on a per-order basis with multi-year fixed-price contracts for key categories (instrumentation, compressor parts, electrical, bearings/filters, vehicle spare parts), and the company supports flexible finance terms including letters of credit and credit terms. Techtools is accredited on ARIBA (SAP Ariba) and ISNetworld, embedding it in the digital procurement and contractor compliance workflows of major operators. The firm is registered in England (Company No. 1647094), headquartered in Sutton, Surrey, with a representative office in the USA, and operates with a small team (11-50 employees) whose management collectively has over 100 years of procurement and trading experience. The company is founder/privately owned, with no disclosed institutional investors or subsidiaries.
Its customer base is concentrated entirely in Oil & Gas, with BP joint ventures in Egypt, Algeria, and Iraq identified as the main client, alongside a roster of supermajors and NOCs including Shell, ENI, Total, ExxonMobil, Chevron, Statoil, Apache, KNPC, and KOC operating across North and West Africa and Kuwait. Techtools received the Queen's Award for International Trade in 2004 for sustained 3-year growth and customer service excellence, and its history of continuous operation since 1982 is the primary signal of operating durability in the absence of disclosed financial metrics.
Techtools firmographics
Firmographics- Name
- Techtools
- Legal name
- TechTools Ltd
- Website
- https://techtoolsltd.com
- Company type
- Private
- Founded year
- 1982
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Techtools is a UK-based procurement house founded in 1982 that sources, expedites, consolidates, and ships oil and gas parts and equipment for enterprise end users — primarily BP joint ventures and other supermajors — across Africa and the Middle East.
- Ownership category
- akta.pro rank
Techtools industry classification
Industry- Product category
- Oil and Gas Procurement Services
- NAICS
- Mining and Oil and Gas Field Machinery Manufacturing (33313)
- SIC
- Oil & Gas Field Machinery & Equipment (3533), Wholesale-Hardware (5072)
- akta.pro primary industry
- Chemicals & Petrochemicals (Non-Hazmat Specialized Handling) (TLAIALAJ)
Keywords
Where Techtools is headquartered
LocationHeadquarters
- HQ city
- Sutton
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
Techtools business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Supply Chain, Operations, Marketing or Sales
Revenue model
- Procurement Services: Techtools generates revenue through procurement service fees charged to Oil and Gas end users. Services include sourcing, expediting, consolidating, and shipping of parts and equipment. The company provides single offers, single point of contact, single point of delivery, and various payment options.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom quotation-based pricing |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
Techtools product offering
Product offeringCore offering
Techtools is a global procurement house serving Oil and Gas end users, providing sourcing, expediting, consolidating, and shipping of parts and equipment from OEMs and Authorised Distributors. It supplies a comprehensive range of industrial product categories including instrumentation, compressors, pumps, valves, filtration, safety equipment, electrical, engines, HVAC, pipeline products and fittings, and supports these with supply chain management, sourcing, project management, logistics, finance, and accredited supplier services.
Product overview
Techtools is a global procurement house for Oil and Gas end users providing a comprehensive range of parts and equipment across multiple product categories. The company offers procurement services including sourcing, expediting, consolidating and shipping of oil and gas industry requirements. Their product portfolio spans Instrumentation (process and flow instrumentation, differential pressure transmitters, gauges, control equipment), Compressors (rotary, reciprocating, portable equipment and parts), Pumps (chemical injection, vertical/horizontal, double diaphragm, rotary gear and turbine), Valves (pressure relief, solenoid, control valves, regulators, actuators), Filtration (reverse osmosis membranes, air/panel filters, cartridges), Safety Equipment (flame/gas detectors, SCBA, protective clothing), Electrical (switch gear, motors up to 300HP, explosion proof lighting, circuit protection, UPS batteries, cables), Engines (gas and diesel engine parts), Appliances/HVAC (catering equipment, compressors, condensing units), Pipeline Products (pigging products, clamps, flanges, tees), and Fittings (valves, manifolds, connectors, gaskets). Techtools positions itself as a one-stop shop providing single offer, single point of contact, single delivery and payment options to simplify client supply chains.
Differentiator
Problem solved
Functional benefit
Products and services
- Instrumentation
Quantifiable outcome
- Successfully delivered customised offshore packages for Fire Pump, Diesel Engine skid, and Motor Control Centre (MCC)
Companies that use Techtools
Customer profileNamed customers10 records
Segments1 record
Ideal customer profiles1 record
Techtools technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature1 record
Techtools partnerships and signals
Strategic signalScale indicators4 records
Recent moves6 records
Expansion highlights4 records
Techtools competitors and assessment
Company assessmentOthers
- Grainger Industrial Supply: Large industrial MRO distributor with broad product coverage including pumps, valves and electrical. Comparable as an alternative distribution channel for many of the same product categories Techtools procures for IOC clients.
- RS Components: Global industrial distributor of electrical, mechanical and maintenance products. Comparable as a wholesale channel for many of the same component categories Techtools sources (electrical, instrumentation, fittings) but serving a much broader customer base.
Broad incumbents
- Bristow Group: Global provider of industrial aviation and aftermarket services to energy operators. Adjacent comparator as a large, oil-and-gas-focused supplier with embedded IOC relationships and lifecycle services.
- Wood Group (John Wood Group): Global engineering and energy services major with extensive procurement, supply chain and aftermarket services for oil and gas operators. Comparable as a much larger incumbent offering procurement and lifecycle support across many of the same IOC accounts.
Direct peers
- Petro Energy Products & Services: Procurement-focused supplier of oilfield equipment, spare parts and consumables to operators in Africa and the Middle East. Closely comparable given overlapping geography, IOC customer base and multi-category product mix.
- Trident Energy Services: UK-based procurement and supply chain specialist serving oil and gas operators across multiple geographies. Directly comparable as a niche oil-and-gas procurement house offering sourcing, expediting and project logistics to IOC customers.
- AFGlobal Corporation: Provider of engineered equipment, parts and aftermarket services to oil and gas operators globally. Comparable as an oil-and-gas parts and equipment supplier with multi-category procurement capability for IOC/NOC customers.
Regional players
- Egyptian Maintenance & Procurement Co. (EMPC): Egypt-based procurement, maintenance and supply chain services provider serving oil and gas operators in North Africa. Comparable as a regionally focused procurement specialist operating in Techtools' primary geography.
- Kempower (Oilserv Procurement): Nigeria-headquartered procurement, engineering and oilfield services group serving West African operators. Comparable as a regionally rooted oil-and-gas procurement and supply chain specialist in one of Techtools' stated geographies.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
Techtools social profiles
Digital presenceTechtools financial estimates
Financial estimateRevenue estimate
Valuation estimate
Techtools leadership team
Management profileNumber of profiles
Techtools funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Techtools 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 Techtools
What does Techtools do?
Techtools is a global procurement house serving Oil and Gas end users, providing sourcing, expediting, consolidating, and shipping of parts and equipment from OEMs and Authorised Distributors. It supplies a comprehensive range of industrial product categories including instrumentation, compressors, pumps, valves, filtration, safety equipment, electrical, engines, HVAC, pipeline products and fittings, and supports these with supply chain management, sourcing, project management, logistics, finance, and accredited supplier services.
Is Techtools a public or private company?
Techtools is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Techtools founded?
Techtools was founded in 1982. It employs 11 to 50 people.
Where is Techtools based?
Techtools is headquartered in Sutton, United Kingdom, in the Europe region.
How does Techtools make money?
One revenue line is on record: procurement Services.
Who are Techtools's main competitors?
Others on record are Grainger Industrial Supply and RS Components. Broad incumbents are Bristow Group and Wood Group (John Wood Group). Direct peers are Petro Energy Products & Services, Trident Energy Services and AFGlobal Corporation. Regional players are Egyptian Maintenance & Procurement Co. (EMPC) and Kempower (Oilserv Procurement).
Does Techtools have an API?
No public API is recorded for Techtools.
What industry is Techtools in?
Techtools's product category is Oil and Gas Procurement Services. Its primary akta.pro industry code is TLAIALAJ, Chemicals & Petrochemicals (Non-Hazmat Specialized Handling). Its NAICS code is 33313 and its SIC code is 3533.