Svanehoj, an ITT company, acquired Germany-based Köhler & Hörter GmbH (KOHO Kompressorsysteme, or KOHO), a family-owned company specializing in high-quality compressors for a wide range of industries, including shipbuilding. The acquisition closed on October 1, 2025. In recent years, Svanehoj has expanded its position as a supplier of marine pumps, tank control systems
Norwegian maritime technology company Nereida Energy has raised $3.3 million (NOK 32 million) through a private placement of shares backed by a group of industrial and financial investors, including Grieg, Eviny, Nysnø and Nye Aasen.The company, which develops battery and energy storage solutions for vessels ranging from ferries and service vessels to offshore ships and wellboats
A management team led by industry veteran Geir Bjørkeli has completed the buyout of Yinson GreenTech's Norwegian subsidiary Yinson Green Technologies, establishing an independent company under the new name Nereida Energy.The move positions Nereida to advance battery solutions for the maritime industry, drawing on the leadership team’s deep sector expertise.
Norwegian engineering group Kongsberg is building up production capacity to meet growing orders for its defence products, especially missiles, as European nations bulk up their military spending.Kongsberg, which has customers in defence, aerospace, maritime, energy and fishing industries, booked orders worth 18.18 billion Norwegian crowns ($1.
WISTA Norway has named Trygve Nøkleby, Managing Director of the Bergen Shipowners Association, the recipient of the 20th annual WISTA Norway Leadership Award, presented at the Bergen International Shipping Conference on June 10.With the honor, Nøkleby becomes only the second man ever to receive the award which recognizes an individual who has demonstrated outstanding leadership, inspired others
Ocean engineering researchers at Texas A&M University are developing a smart system to combat collisions between ships and stationary structures such as offshore platforms. By combining raw radar imaging data with advanced machine learning, the researchers have created SMART-SEA, a system that gives seafarers real-time guidance on how and when to maneuver their vessel.