Nogva Motorfabrikk has acquired Maritim Motor and Marine Parts & Propulsion to significantly enhance its service and aftermarket revenue, creating a more resilient business portfolio in the maritime industry.

Information on the Target

Nogva Motorfabrikk is a prominent supplier of engines, propulsion systems, and related services within the maritime industry. The company is well-regarded for representing several esteemed engine brands, including Scania, John Deere, Cummins, and Nanni, while also offering its proprietary marine gearboxes and propellers. Through its comprehensive approach, Nogva provides complete turnkey solutions to its diverse customer base, establishing a strong reputation based on quality, reliability, and timely delivery.

Recently, Nogva has strengthened its business portfolio by acquiring two firms, Maritim Motor and Marine Parts & Propulsion. This strategic move aims to significantly enhance its service and aftermarket capabilities, with the potential to double the company's revenue from these sectors, thus creating a robust and resilient business model.

Industry Overview in Norway

The maritime industry in Norway plays a crucial role in the national economy, known for its innovation and sustainability in aquaculture and shipping. As a leader in maritime technolog