Norvestor Completes Acquisition of Neuver Maritime

Deal News | Mar 03, 2025 | Norvestor

Norvestor Completes Acquisition of Neuver Maritime

Norvestor, a major Nordic private equity firm, has successfully acquired Kongsberg Maritime's Steering Gear and Rudder business, leading to the establishment of Neuver Maritime. The acquisition, originally announced in September 2024, completed with the official transfer on March 3, 2025. Neuver Maritime, now under Norvestor's ownership, is poised to leverage over seven decades of maritime innovation to become a leading global player in maneuvering solutions. The company will draw on Norvestor's extensive maritime network and experience in the Norwegian maritime sector. Norvestor has detailed its intention to support Neuver's growth and development as it positions itself as a lifecycle partner for maneuvering solutions. Throughout this transition, Neuver has reasserted its commitment to maintaining high standards for its customers across its global service network. This transaction underscores Norvestor's strategic focus on scaling growth companies within the Nordic region, aligning with its long-standing investment expertise and its collection of significant assets scattered across relevant markets and industries.

Sectors

  • Maritime Industry
  • Private Equity

Geography

  • Norway – Neuver Maritime is headquartered in Brattvåg, Norway, and Norvestor is a Norwegian private equity firm.
  • Nordic Region – Norvestor operates throughout the Nordic region, indicative of its strategic geographical focus.

Industry

  • Maritime Industry – The article discusses Neuver Maritime, a company specializing in maritime maneuvering solutions, which is integral to the maritime industry.
  • Private Equity – Norvestor's acquisition of Neuver Maritime highlights the role of private equity in driving business growth through acquisition strategies.

Financials

  • Close to EUR 5.2 billion – Committed capital managed by the Norvestor group.

Participants

NameRoleTypeDescription
Neuver MaritimeTarget CompanyCompanyA newly formed company that specializes in maritime maneuvering solutions.
NorvestorBidding CompanyCompanyA Nordic private equity firm that acquired the Steering Gear and Rudder business of Kongsberg Maritime.
Kongsberg MaritimeSelling CompanyCompanyA subsidiary of KONGSBERG, it sold its Steering Gear and Rudder business to Norvestor.
KONGSBERGOther CompanyCompanyAn international group providing high-technology solutions; parent company of Kongsberg Maritime.
Per-Ola BaalerudDesignated Chair in Neuver MaritimePersonPartner at Norvestor responsible for overseeing Neuver's strategic growth.
Jan Terje AakreCEOPersonCEO of Neuver Maritime, leading the company in its growth trajectory.