Exeter-based energy technology specialist AnTech has announced some exciting news regarding its future. After attracting institutional investors into the business 11 years ago, a holding company restructure has seen full ownership of the business return to the original founding shareholders.
This marks a significant milestone for the innovative energy technology firm as it continues its growth. The company is building on its established reputation as a market leader in the oil and gas drilling industry and is increasingly recognised for leveraging existing technology to support the energy transition and the push towards a net-zero future. The group's restructuring enhances its agility and positions it better to capitalise on the ever-changing and demanding market.
Toni Miszewski founder at AnTech would like to acknowledge the considerable contribution to the company made by Calculus Capital and Saudi Aramco Energy Ventures over the past few years:
"The oil and gas sector is constantly evolving, with net-zero targets increasingly becoming a global priority. However, even if these targets are met by 2050, the demand for oil and gas will persist. Therefore, it is crucial that we maintain our track record of producing essential technology for the sector.
“Additionally, we have recognized that some of our current technology can also contribute to green goals, particularly in carbon capture and storage, as well as other processes aimed at reducing harmful emissions. Utilizing existing technology helps alleviate some of the challenges and costs associated with moving towards net-zero. However, educating both sides of the market and understanding how existing technology can aid in this transition is no easy task."
“Our investors have been hugely supportive of our business for over a decade, and we are grateful for their understanding and backing throughout their time with us. Whilst they are exiting the business we can acknowledge the role that they have played in getting us to where we are today and allowing us, as a result to continue with this momentum.”
Miszewski concluded by stating, "As the industry evolves, it is crucial for our business to adapt as well. The changes in AnTech's investment and structure enable us to better ensure our customers receive the product and service support they need. We continue to deliver industry-leading solutions, helping the sector become more efficient, technology-driven, and move towards a greener future."
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