The marine engine manufacturing industry in the Nordics is critical to global maritime operations. It features a range of companies specializing in engine designs, propulsion technologies, and energy-efficient solutions for marine vessels. Key players include both major corporations and small startups, all focused on enhancing performance and reducing environmental impact. Sustainability is a strong trend in the industry, with innovations like hybrid and electric propulsion systems gaining traction. As maritime trade increases, this sector is expected to grow further, becoming a hub of innovation and advanced technologies, reflecting a shift toward greener maritime solutions.


This list features prominent investors in the Nordics’ marine engine manufacturing. They range from corporate giants like Wärtsilä to venture capital firms such as Katapult. The investors are headquartered in cities like Helsinki and Stockholm, with varied employee sizes—from small firms to those boasting thousands. Founded from 1814 to 2017, they’ve shown significant engagement with project counts in 2024, reflecting a vibrant investment climate focused on marine technologies.


Top 15 Marine Engine Manufacturing Investors in the Nordics


1. 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 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 strategic acquisitions relevant to the marine engine manufacturing industry, including the acquisition of Precision Products in 2008, a company that supplies piston rings to the marine engine sector. This acquisition aligns with Indutrade's strategy to build clusters of niche companies, highlighting their commitment to the marine engine market. Other acquisitions, while not directly related to marine engines, demonstrate Indutrade's broader industrial focus and capability to integrate specialized companies into their portfolio.


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. Almi aims to enhance the growth and competitiveness of these businesses by offering tailored financial solutions and guidance. Among their notable transactions, Almi has invested in companies relevant to the marine industry, such as Marstrom Composite, which specializes in composite materials for marine applications, TBS Yard, a shipyard involved in the construction and repair of vessels, and SeaTwirl, which focuses on innovative wind turbine technology that can be relevant for marine energy solutions. These investments highlight Almi's engagement in the marine sector, making them a potential investor in marine engine manufacturing.


3. 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 tackle global challenges, particularly in climate-tech and ocean-tech sectors. Katapult provides investment, accelerator programs, and mentorship to early-stage companies. Notably, they have invested in Mocean Energy, a pioneer in wave energy technologies, which raised £2.2 million in equity funding with Katapult's participation. This investment highlights Katapult's commitment to advancing marine technologies, making them a relevant player in the marine engine manufacturing context. Additionally, their portfolio includes other startups like Hyrex and Freepower, although these are less directly related to marine engines.


4. 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 based in Stockholm, Sweden, specializing in private equity, infrastructure, real estate, growth equity, and venture capital. Founded in 1994, EQT serves institutional investors by providing expertise in managing diverse investment portfolios across multiple sectors and geographies. Among their notable transactions, EQT acquired Rolls-Royce Power Systems in 2006, a significant player in the marine engine manufacturing sector, which enhances their portfolio in this industry. Additionally, their acquisition of Bergen Engines AS in 2013 further emphasizes their commitment to the marine engine market, as Bergen Engines is known for its production of marine engines. These strategic investments highlight EQT's active role in the marine engine manufacturing landscape, alongside their broader investment activities.


5. 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 is a technology solutions provider specializing in 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 2023, Addtech acquired a 90% stake in Feritech Global, a company focused on bespoke technical solutions for the geotechnical subsea sector, which aligns with marine applications. This acquisition, along with their other investments, positions Addtech as a player that could influence the marine engine manufacturing industry, particularly in offshore and subsea contexts.


6. 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, 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 provides a comprehensive range of products, including marine engines, power plants, and energy management systems, with a strong emphasis on sustainability and efficiency. The company has made several strategic acquisitions to bolster its position in the marine sector. Notably, Wärtsilä acquired Hamworthy in 2011 to enhance its offerings in offshore and marine gas applications. In 2008, they acquired Vik-Sandvik, a global ship design group, to improve their ship design capabilities. Additionally, the acquisition of Eniram in 2016 allowed Wärtsilä to strengthen its digital offerings in energy management for the marine industry. These transactions highlight Wärtsilä's commitment to advancing its marine engine manufacturing capabilities and providing comprehensive solutions to its customers in the marine sector.


7. 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 small to medium-sized enterprises with revenues between 2-20 million euros, focusing on acquisitions and growth investments. Among their notable transactions, Aboa Venture has invested in Steerprop Ltd, a company known for its innovative propulsion systems for marine vessels, and they participated in a private equity round for Rauma Marine Constructions, a key player in the marine construction industry. Additionally, they acquired Uudenkaupungin Työvene, further emphasizing their commitment to the marine sector. These transactions highlight Aboa Venture's strategic interest in marine engine manufacturing and related industries.


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 a diverse portfolio, but it has made significant investments in the marine industry, including the acquisition of Nimbus Boats, a manufacturer of leisure boats, and Wrist Ship Supply, a supplier of provisions and logistics services to the shipping industry. Additionally, Altor's investment in Navico, a company specializing in marine electronics, highlights their commitment to the marine sector. These transactions illustrate Altor's strategic approach to investing in companies that contribute to the marine engine manufacturing and broader marine industry.


9. Ferd AS

  • Website: ferd.no
  • Type: Private Equity
  • Headquarters: Oslo, Oslo, Norway
  • Founded year: 1998
  • Headcount: 51-200
  • LinkedIn: ferd-as

Ferd AS is a private equity investment company based in Oslo, Norway, founded in 1998. The firm focuses on creating lasting value through various business activities, including investment management, real estate development, and support for social entrepreneurs. Ferd AS has been active in the marine sector, as evidenced by its investment in Eniram Ltd, a maritime emissions control provider, which raised MEUR 5 for international growth in 2009. Additionally, Ferd acquired a 25 percent stake in General Oceans in December 2023, a group that includes leading companies in ocean technology, further emphasizing its commitment to the marine industry. Ferd also participated in the Series A funding round for Wind Catching Systems, a startup focused on offshore wind technologies, showcasing its interest in innovative marine solutions. Overall, Ferd AS's strategic investments in maritime and ocean technology companies highlight its relevance in the marine sector.


10. 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, with a history dating back to 1814. The company specializes in advanced technological solutions across various sectors, including maritime, defense, and aerospace. Kongsberg Maritime has made significant acquisitions to bolster its position in the maritime industry, such as the acquisition of Evotec AS in 2019, which aligns with their 'Full Picture Strategy' to enhance their delivery scope in maritime operations. Additionally, their acquisition of Hydroid in 2007 for $80 million further emphasizes their commitment to advancing maritime technologies. Kongsberg Maritime's focus on sustainable practices and collaboration with stakeholders positions them as a key player in the marine engine manufacturing sector, as they aim to improve safety and operational efficiency in maritime operations.


11. Trelleborg Group

  • Website: trelleborg.com
  • Type: Corporate
  • Headquarters: Trelleborg, Skåne, Sweden
  • Founded year: 1905
  • Headcount: 10001+
  • Number of deals in 2024: 7
  • LinkedIn: trelleborggroup

Trelleborg Group is a corporate investor based in Trelleborg, Skåne, Sweden, specializing in engineered polymer solutions. Founded in 1905, the company has grown to employ over 10,000 people and operates across various industries, including aerospace, automotive, healthcare, and marine. In 2024, Trelleborg Group has made significant strides in the marine sector, acquiring Mampaey Offshore Industries, which enhances their offerings in marine mooring systems. This acquisition, along with their previous transactions such as the purchase of Ambler Technologies Ltd., which focuses on composite materials for deep-sea applications, demonstrates their commitment to expanding their marine capabilities. Trelleborg's diverse portfolio and strategic acquisitions position them as a key player in providing innovative solutions for the marine engine manufacturing industry.


12. Norvestor

  • Website: norvestor.com
  • Type: Private Equity
  • Headquarters: Oslo, Oslo, Norway
  • Founded year: 1989
  • Headcount: 11-50
  • Number of deals in 2024: 3
  • LinkedIn: norvestor-equity-as

Norvestor is a private equity firm based in Oslo, Norway, founded in 1989. The firm specializes in investment management and advisory services, focusing on partnering with medium-sized Nordic businesses to support their growth and development. Norvestor emphasizes sustainability and operational efficiency across various sectors. Notably, they have made significant acquisitions in the marine industry, including PG Group (dba PG Flow Solutions) in 2014, which provides solutions for marine applications, and Sperre Compressors in 2018, a company likely involved in marine compressor technology. These transactions highlight Norvestor's active role in the marine engine manufacturing sector, alongside their broader investment strategy in IT services and property maintenance.


13. Wilhelmsen group


Wilh. Wilhelmsen Holding ASA, founded in 1861 and based in Lysaker, Akershus, Norway, is a corporate investor in the maritime services sector. The company has a workforce of over 10,000 employees and is known for its comprehensive range of services that support the maritime industry, including port operations and ship management. In recent years, Wilhelmsen has made strategic acquisitions to enhance its portfolio. Notably, they acquired Maritime Protection AS, a provider of inert gas systems for the maritime industry, which strengthens their safety offerings in marine and offshore segments. Additionally, their acquisition of Stromme aligns with their growth strategy in the Ships Service portfolio. Wilhelmsen's acquisition of Timm AS, a leading provider of high-performance ropes, further reinforces their position in the marine products sector. These transactions highlight Wilhelmsen's commitment to expanding its influence and capabilities within the maritime industry, making them a relevant investor in the marine engine manufacturing context.


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. Among its notable transactions, CapMan acquired Marinetek Group in 2022, a company that specializes in marina infrastructure, indicating a direct involvement in the marine sector. Additionally, their acquisition of Moventas in 2005 and investment in Napier AS in 2023, which operates a fleet of vessels for salmon harvesting, further highlight their engagement in marine-related industries. These transactions reflect CapMan's commitment to supporting growth in the marine sector while diversifying its investment portfolio.


15. Fearnley Securities


Fearnley Securities AS is a financial services company based in Oslo, Norway, specializing in investment banking, equity and credit research, and project finance. Founded in 1869, the firm serves both public and private companies primarily in the maritime, offshore, and energy sectors. Fearnley Securities provides expert advisory and transaction execution to help clients navigate growth and capitalize on market opportunities. Notably, they have been involved in several transactions relevant to the marine industry, including a venture round for TECO 2030, which focuses on sustainable maritime solutions, and Scana, which operates in the maritime sector. Their commitment to integrity and high ethical standards positions them as a reputable partner for companies in the marine engine manufacturing space.



Marine Engine Manufacturing Insights: Key Investors in the Nordics


InvestorHeadquarterSizeFoundedDeals 2024
Indutrade Life ScienceStockholm, Stockholm, Sweden1001-5000197814
AlmiStockholm, Stockholm, Sweden201-50019947
KatapultOslo, Oslo, Norway11-5020178
EQT GroupStockholm, Stockholm, Sweden1001-5000199430
Addtech ABStockholm, Stockholm, Sweden1001-500019069
WärtsiläHelsinki, Uusimaa, Finland10001+18340
Aboa Venture III KyTurku, Southwest Finland, Finland1-1019940
Altor Equity PartnersStockholm, Stockholm, Sweden51-20020036
Ferd ASOslo, Oslo, Norway51-20019980
Kongsberg MaritimeKongsberg, Buskerud, Norway5001-1000018141
Trelleborg GroupTrelleborg, Skåne, Sweden10001+19057
NorvestorOslo, Oslo, Norway11-5019893
Wilhelmsen groupLysaker, Akershus, Norway10001+18610
CapManHelsinki, Uusimaa, Finland51-20019894
Fearnley SecuritiesOslo, Oslo, Norway51-20018690


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