The marine electronics industry in the Nordics is a dynamic sector focused on the development of advanced technologies for maritime applications. Companies range from innovative startups to established corporations, producing components and systems that enhance navigation, communication, and safety at sea. The industry is increasingly prioritizing sustainability, integrating eco-friendly solutions like renewable energy sources and smart technologies into products. With rising demands for efficient maritime operations, firms are poised to advance in automation and digitalization. Interest in autonomous vessels and enhanced data analytics is shaping future growth, making the Nordics a hub of progress in marine electronics.


This list showcases a selection of 14 investors pivotal to the Nordic marine electronics scene. The array includes corporate, venture capital, and private equity firms headquartered in cities across Norway and Sweden. While some, like Wärtsilä and Kongsberg Maritime, are industry giants, others like Almi and Katapult focus on nurturing startups. Founded between 1834 and 2017, these investors span various sizes and notable deal counts in 2024, indicating a robust engagement with the marine technology sector and the potential for future investments.


Top 14 Marine Electronics Investors in the Nordics


1. Katapult

  • Website: katapult.vc
  • Type: Venture Capital
  • Headquarters: Oslo, Oslo, Norway
  • Founded year: 2017
  • Headcount: 11-50
  • Number of deals in 2024: 8
  • LinkedIn: katapult-accelerator

Katapult is an impact investment firm based in Oslo, Norway, founded in 2017. They specialize in supporting tech startups that address global challenges, particularly in climate-tech and ocean-tech. Katapult provides investment, accelerator programs, and mentorship to early-stage companies. Notably, they have been involved in several transactions relevant to the marine electronics sector, including a seed round investment in Zeabuz, which focuses on autonomous marine vehicles, and a venture round investment in Open Ocean Robotics, which develops innovative solutions for ocean monitoring. Their participation in the funding round for WSense, an IoT startup, further highlights their commitment to technologies that can enhance marine applications. Overall, Katapult is dedicated to fostering innovation in sectors that contribute to sustainable ocean practices.


2. Almi

  • Website: almi.se
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1994
  • Headcount: 201-500
  • Number of deals in 2024: 7
  • LinkedIn: almi-ab

Almi AB is a financial services company based in Stockholm, Sweden, founded in 1994. It specializes in providing loans, risk capital, and business development support to small and medium-sized enterprises (SMEs) in Sweden, aiming to enhance their growth and competitiveness through tailored financial solutions and guidance. Among its notable transactions, Almi has invested in companies such as Waves4Power, which focuses on harnessing wave energy, and I-Tech, known for its innovative antifouling solutions for marine applications. These investments highlight Almi's engagement with the marine sector, although the specific amounts raised in these transactions remain undisclosed. Other investments include Qtagg, TBS Yard, and Marstrom Composite, which may also have relevance to marine technology, further supporting Almi's position as a potential investor in the marine electronics space.


3. Indutrade Life Science

  • Website: indutrade.se
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1978
  • Headcount: 1001-5000
  • Number of deals in 2024: 14
  • LinkedIn: indutrade-life-science

Indutrade Life Science is a corporate investor based in Stockholm, Sweden, founded in 1978. The company is part of an industrial group that focuses on developing and acquiring companies with high technical expertise across various technology and industrial sectors. Indutrade emphasizes long-term relationships with its customers and operates through a decentralized structure, allowing its subsidiaries to maintain independence while benefiting from the group's resources. Notably, Indutrade has made significant acquisitions in the marine sector, including Precision Products, a supplier of piston rings to the marine engine industry, which aligns with their strategy to build clusters of niche companies. This acquisition, along with others, highlights Indutrade's commitment to investing in companies that provide reliable and innovative industrial products, including those relevant to marine electronics.


4. Addtech AB

  • Website: addtech.se
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1906
  • Headcount: 1001-5000
  • Number of deals in 2024: 9
  • LinkedIn: addtech-ab

Addtech AB is a corporate investor based in Stockholm, Sweden, founded in 1906. The company specializes in providing high-tech products and services across various sectors, including automation, electrification, energy, industrial solutions, and process technology. Addtech serves OEM manufacturers and end-users, helping them enhance operational efficiency and sustainability through innovative solutions. Notably, in May 2023, Addtech acquired a 90% stake in Feritech Global, a company focused on bespoke technical solutions for the geotechnical subsea sector, which enhances its presence in the marine electronics industry. This acquisition, along with other strategic investments, positions Addtech as a significant player in sectors that intersect with marine technology.


5. Wärtsilä

  • Website: wartsila.com
  • Type: Corporate
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 1834
  • Headcount: 10001+
  • LinkedIn: wartsila

Wärtsilä Corporation, founded in 1834 and based in Helsinki, Uusimaa, Finland, is a corporate investor specializing in innovative technologies and lifecycle solutions for the marine and energy markets. With a workforce of over 10,000 employees, Wärtsilä focuses on sustainability and efficiency, providing a range of products including power plants and marine engines. Their customer base includes businesses in the marine and energy sectors looking to enhance operational performance and reduce environmental impact. Notably, Wärtsilä has made significant investments in the marine electronics sector, including the acquisition of Ships Electronic Services Ltd (SES) in 2019, which specializes in navigation and communication electronics, enhancing their service capabilities in the UK marine market. Additionally, their acquisition of Eniram in 2016, a company specializing in energy management and analytics solutions for the marine industry, further strengthens their digital offerings and capabilities in data analytics and performance optimization. These strategic moves highlight Wärtsilä's commitment to advancing technology in the marine electronics space.


6. EQT Group

  • Website: eqtgroup.com
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1994
  • Headcount: 1001-5000
  • Number of deals in 2024: 30
  • LinkedIn: eqt-partners

EQT Group is a prominent investment firm founded in 1994, specializing in private equity, infrastructure, real estate, growth equity, and venture capital. Based in Stockholm, Sweden, EQT serves institutional investors by managing diverse investment portfolios across multiple sectors and geographies. Among their notable transactions, EQT acquired Tampnet, a leading operator of offshore broadband communication networks, which is crucial for marine electronics and communication systems. Additionally, their acquisition of Eagle Marine Services highlights their involvement in the marine logistics sector. These transactions reflect EQT's strategic interest in sectors that intersect with marine electronics, showcasing their capability to invest in relevant technologies and services.


7. Lagercrantz Group AB

  • Website: lagercrantz.com
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2001
  • Headcount: 1001-5000
  • Number of deals in 2024: 6
  • LinkedIn: lagercrantz

Lagercrantz Group AB is a technology group based in Stockholm, Sweden, founded in 2001. The company operates approximately 80 subsidiaries that provide specialized technical solutions across various sectors, including Electrify, Control, and TecSec. Their business model emphasizes acquisitions and organic growth, catering primarily to business customers seeking tailored technology solutions. Notably, Lagercrantz has made significant strides in the marine sector with its acquisition of Tebul Oy, a Finnish manufacturer of watertight electric sliding doors for ships, which is expected to positively impact their earnings. Additionally, they have acquired Mastsystem, which may also relate to marine applications, although specific details are not disclosed. Their acquisition of Waterproof Diving International AB further indicates their interest in products that could be relevant to marine activities. Overall, Lagercrantz Group AB's strategic acquisitions in the marine sector highlight their commitment to expanding their influence in marine electronics and related technologies.


8. Altor Equity Partners

  • Website: altor.com
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2003
  • Headcount: 51-200
  • Number of deals in 2024: 6
  • LinkedIn: altor

Altor Equity Partners is a private equity investment management firm based in Stockholm, Sweden, founded in 2003. The firm focuses on enhancing operational efficiency and sustainable growth for its partners through tailored investment strategies and digital transformation solutions. Altor has made notable investments in the marine sector, including the acquisition of Navico, a leading marine electronics company, which reported revenues of USD 309 million and an EBITDA of USD 62 million in 2015. Additionally, Altor has invested in Nimbus Boats and Wrist Ship Supply, further solidifying their presence in the marine industry. Their portfolio reflects a commitment to sectors that intersect with technology and consumer products, making them a versatile investor in the marine electronics landscape.


9. Kongsberg Maritime

  • Website: kongsberg.com
  • Type: Corporate
  • Headquarters: Kongsberg, Buskerud, Norway
  • Founded year: 1814
  • Headcount: 5001-10000
  • Number of deals in 2024: 1
  • LinkedIn: kongsberg-maritime

Kongsberg Maritime, a subsidiary of Kongsberg Gruppen, is a corporate investor based in Kongsberg, Norway, specializing in advanced technology solutions across various sectors, including maritime. Founded in 1814, Kongsberg has a long history of innovation and collaboration with stakeholders to enhance safety and operational efficiency. In recent years, Kongsberg Maritime has made significant strides in the marine electronics sector through strategic acquisitions. Notably, they acquired GeoAcoustics Ltd. in 2008, enhancing their capabilities in underwater acoustics technology. In 2023, they acquired Naxys Technologies, a leader in underwater environmental monitoring, further expanding their portfolio in marine electronics. Additionally, their acquisition of Hydroid, Inc. in 2008, which specializes in underwater vehicles, underscores their commitment to advancing marine technology. Kongsberg Maritime's focus on sustainable practices and innovative solutions positions them as a key player in the marine electronics industry.


10. HitecVision

  • Website: hitecvision.com
  • Type: Private Equity
  • Headquarters: Stavanger, Rogaland, Norway
  • Founded year: 1985
  • Headcount: 51-200
  • LinkedIn: hitecvision

HitecVision is a private equity investment firm based in Stavanger, Norway, founded in 1985. The firm specializes in the European energy sector, focusing on providing institutional capital to energy production and infrastructure projects with an emphasis on sustainability and the energy transition. HitecVision manages private equity funds and collaborates with various stakeholders to drive growth in renewable energy and related industries. Notably, HitecVision has made several significant acquisitions in the marine sector, including Global Maritime, a company that provides marine services, and Deep Sea Mooring AS, a specialist in mooring solutions. Additionally, they acquired Vryhof, which is involved in anchoring and mooring systems for offshore operations. These transactions highlight HitecVision's strategic interest in marine operations, making them a relevant player in the marine electronics landscape.


11. Equinor

  • Website: equinor.com
  • Type: Corporate
  • Headquarters: Stavanger, Rogaland, Norway
  • Founded year: 1972
  • Headcount: 10001+
  • Number of deals in 2024: 6
  • LinkedIn: equinor

Equinor ASA is a public entity based in Stavanger, Norway, primarily operating in the energy sector with a focus on oil, gas, and renewable energy. Founded in 1972, the company has a workforce of over 10,000 employees and is committed to sustainability, aiming to achieve net-zero emissions by 2050. Equinor serves a diverse customer base, including governments and industries, providing energy solutions that address climate challenges while ensuring energy security. In recent years, Equinor has made strategic investments in companies relevant to the marine electronics sector. For instance, their investment in Vaarst, which raised $20 million to expand its work in computer vision and data management, highlights their interest in technologies that can enhance marine operations. Additionally, their participation in the funding round for ScoutDI, a company specializing in drone inspections, further emphasizes their commitment to advancing marine technology. Equinor's acquisition of Tampnet, which provides communication services to offshore installations, showcases their strategic alignment with marine operations and electronics. Overall, Equinor's investment activities reflect a growing interest in marine technologies that support their energy operations.


12. Wilhelmsen group


Wilh. Wilhelmsen Holding ASA, founded in 1861 and based in Lysaker, Akershus, Norway, is a corporate investor and a leading maritime services company. The company provides a diverse range of services including port operations, ship management, and solutions aimed at energy transition, catering to the needs of the maritime industry. Notably, Wilhelmsen has made strategic acquisitions to bolster its offerings in the marine sector. For instance, in 2013, they acquired Maritime Protection AS, a provider of inert gas systems, enhancing their safety portfolio in the marine and offshore segments. Additionally, their acquisition of Timm AS in 2020, a provider of high-performance ropes, and the acquisition of Stromme in 2022, further demonstrate their commitment to expanding their marine products and services. These transactions reflect Wilhelmsen's strategy to strengthen its position in the maritime industry, which includes elements relevant to marine electronics.


13. Aboa Venture III Ky


Aboa Venture III Ky is a private equity firm based in Turku, Southwest Finland, founded in 1994. The firm specializes in providing equity financing solutions to Finnish businesses with revenues between 2-20 million euros, focusing on acquisitions and growth investments. Aboa Venture has been involved in several notable transactions in the marine sector, including the seed investment in Steerprop Ltd, which develops advanced propulsion systems for marine applications, and the acquisition of Uudenkaupungin Työvene, a company that manufactures workboats. Additionally, they participated in a private equity round for Rauma Marine Constructions, a shipbuilding company, and invested in Navix Oy, which operates in the marine technology space. These transactions highlight Aboa Venture's commitment to supporting businesses within the marine electronics and technology sectors, making them a significant player in this industry.


14. CapMan

  • Website: capman.com
  • Type: Private Equity
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 1989
  • Headcount: 51-200
  • Number of deals in 2024: 4
  • LinkedIn: capman

CapMan Oyj is an investment management firm based in Helsinki, Finland, specializing in private equity, real estate, infrastructure, and natural capital investments. Founded in 1989, CapMan serves institutional investors by providing access to diverse investment strategies aimed at achieving sustainable returns. With a strong presence in the Nordic markets, CapMan leverages its expertise to manage funds and drive value creation for its clients. Notably, CapMan has made significant investments in the marine sector, including the acquisition of a majority stake in Marinetek Group, which focuses on marina infrastructure and products, announced on February 17, 2022. Additionally, CapMan Infra's investment in Napier AS, the largest salmon harvest vessel operator in Norway, highlights their commitment to the marine industry. These transactions underscore CapMan's strategic interest in marine-related investments, making them a noteworthy player in the marine electronics landscape.



Marine Electronics Insights: Key Investors in the Nordics


InvestorHeadquarterSizeFoundedDeals 2024
KatapultOslo, Oslo, Norway11-5020178
AlmiStockholm, Stockholm, Sweden201-50019947
Indutrade Life ScienceStockholm, Stockholm, Sweden1001-5000197814
Addtech ABStockholm, Stockholm, Sweden1001-500019069
WärtsiläHelsinki, Uusimaa, Finland10001+18340
EQT GroupStockholm, Stockholm, Sweden1001-5000199430
Lagercrantz Group ABStockholm, Stockholm, Sweden1001-500020016
Altor Equity PartnersStockholm, Stockholm, Sweden51-20020036
Kongsberg MaritimeKongsberg, Buskerud, Norway5001-1000018141
HitecVisionStavanger, Rogaland, Norway51-20019850
EquinorStavanger, Rogaland, Norway10001+19726
Wilhelmsen groupLysaker, Akershus, Norway10001+18610
Aboa Venture III KyTurku, Southwest Finland, Finland1-1019940
CapManHelsinki, Uusimaa, Finland51-20019894


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