Norvestor acquires Neuver Maritime from Kongsberg Maritime, aiming to enhance its growth and market presence in the maritime maneuvering solutions sector.

Target Company Overview: Neuver Maritime

As of March 3, 2025, the ownership of Neuver Maritime has transitioned to the Nordic private equity firm Norvestor through its fund, Norvestor IX SCSp. This marks the completion of an agreement first announced on September 2, 2024, in which Kongsberg Maritime sold its Steering Gear and Rudder business to Norvestor. The newly founded entity, Neuver Maritime, has positioned itself as a dedicated specialist in maritime maneuvering solutions.

Neuver Maritime's legacy dates back over 70 years, starting from its inception in 1953, and it encompasses esteemed steering gear brands such as Tenfjord, Frydenbø, Ulstein, Rolls-Royce, and Kongsberg. Every day, more than 14,000 vessels rely on Neuver Maritime's high-quality steering gears and rudders for their navigation needs across oceans, canals, and harbors. The firm is committed to delivering safe and efficient maneuvering solutions at sea.

Industry Overview in Norway

The maritime industry in Norway is globally recognized for its innovation, sustainability, and advanced technology. With a long-standing tradition in shipbuilding, the country remains a leader in maritime engineering and technology, contributi