The ROTAQUA Ltd. was founded by the Mecsek Ore Mining Company (MÉV) from its Exploration and Drilling Branch in spring of 1990. The ancestor organization implemented the exploration and drilling works connected to the Hungarian uranium prospecting which covered the whole area of the country except the deep basins filled up by young sediments.

The MÉV considered strategic area to hold at least a part of the drilling equipment and the experienced staff, therefore it and 20 former employees with pecuniary contribution founded the ROTAQUA Ltd. in which the MÉV became the majority shareholder.

Up to the mid 90’s the Hungarian drilling market – because of the decreasing of the mining prospecting and geological explorations – had diminished continuously, the turnover hadn’t been covered the high operational cost of the company, and then came a loss operational period for many years. The owners that time decided on the selling of the company which was bought by the today 100 percent shareholder in 1996. The short term objective of the new leadership was to assure the survival. For that reason important steps had been done for decreasing the operational cost and increasing the quality of the activity.

With the development of the equipment (purchase of up to date western manufactured drilling rigs instead of the inherited Russian made ones) and focussing on the quality, the company reached the market leader position (35%market share) in its main activity area (geological exploration).We have a fleet of 20 modern drilling rig, and 64 person excellent and high qualified experts.