SPT manufactures high-precision gyro systems for wellbore positioning in oil and gas, mining, and civil engineering. The company is mid-sized (51–200 employees) and privately held since 1996. Active hiring across engineering, operations, and sales—balanced across junior, mid, and senior levels—signals growth mode, while concurrent SAP implementation and process standardization projects suggest operational scaling rather than product innovation. Patent strategy alignment and competitor IP monitoring indicate defensibility is a priority as the company expands into new geographies.
Stockholm Precision Tools manufactures True North Seeking Gyro Systems, specialized instruments that measure wellbore position and trajectory in high-temperature, magnetically hostile downhole environments. The product is used by drilling operators, service companies, and asset owners in oil and gas exploration, mining, and civil engineering to achieve precise well placement, reduce survey time, and minimize costly deviations. SPT operates globally, with established presence and is now expanding commercial operations into Canada and Latin America (Mexico, Peru). The company is implementing SAP across divisions and standardizing operational processes as part of a broader scaling initiative.
Stockholm, Sweden. The company was founded in 1996 and is privately held with 51–200 employees.
SAP deployment across divisions, unified operational process implementation, and standardized checklists and templates. Patent strategy alignment and competitor IP monitoring are also active projects.
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