Tool-Tech AS was established in 1999 by Magne Rød and Egil Eriksen. Up to 2006, the company was a consultancy business in the Sub Sea industry.
In 2006 the owners decided to start development of new products and solutions. The company is today an innovation company with a large portfolio of products in different stages of development, patenting and commercialization.
Tool-Tech AS is a privately owned Company. Shareholders are Magne Rød (50%) and EGAS Teknikk, (Egil Eriksen w/family 50%).
Tool-Tech AS is an innovation and technology company working mainly within the Oil & Gas industry with equipment for subsea and drilling. The company has developed a large portfolio of concepts, solutions and subsea equipment products.
- Subsea and surface hydr. components and systems
- Subsea electro-mechanical actuators
- Subsea and surface instrumentation solutions
Most concepts have been patented. The main business idea is to commercialise our technology in cooperation with partners that have a market apparatus in place, or through companies where Tool-Tech AS is a shareholder.
Our main priority:
Electrical Subsea & Drilling AS - http://www.esdrilling.no/about-esd
Development of “all electric” BOP and equipment for Managed Pressure Drilling.