Kobus Services has secured funding from Midven to develop a prototype trenchless pipe puller for the gas market, building on its innovative technology already established in the water sector.
Target Company Information
Kobus Services, located in Halesowen, specializes in executing ‘keyhole surgery’ on water pipes situated beneath roads, enabling repairs and replacements without the need for extensive trench digging. The company has engineered an innovative machine that allows for the seamless replacement of underground pipes, creating a more efficient and less disruptive solution compared to traditional methods.
This trenchless technique not only offers a cost-effective means of pipe replacement but also significantly minimizes the disruption of existing underground utilities. The operation involves pulling a new pipe into the space vacated by the old pipe, enhancing operational efficiency and safety.
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Industry Overview in the UK
The trenchless technology sector in the UK has seen considerable growth, driven by the increasing demand for infrastructure upgrades with minimal disruption to urb
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Midven
invested in
Kobus Services
in 2014
in a Venture Debt deal
Disclosed details
Transaction Size: $8M