Moen Marin, the world’s largest supplier of work vessels to the aquaculture industry, acquires PMH Norway. With Moen Marin as a new and strong industrial owner, PMH Norway will gain muscle to further develop existing solutions as well as produce new technology and innovative solutions.
PMH Norway with its 16 employees with broad mechanical, electrical and technical expertise supplies a wide range of technology and advanced products for propulsion, dynamic positioning and maneuvering systems, hydraulic systems and deck equipment to customers in offshore, passenger transport, fishing, shipping and farming.
– “We are excited to have Moen Marin as our new owner. While we will retain our name and much will remain the same, we now have the opportunity to further develop and market products we’ve been eager to enhance, reaching both existing and new markets. This acquisition provides us with the strength to execute these plans and continue our growth,” says Kåre Vevik, CEO of PMH Norway.
PMH Norway will become a subsidiary of Moen Marin and will continue to operate under the same brand name and from its current location in Bosberg, west of Trondheim.
Moen Marin places a high priority on technological development and, through this acquisition, aims to design and deliver vessels with more integrated and functional solutions that will benefit both national and international customers.
– This acquisition is in line with our vision to strengthen and promote sustainable, high-tech and cost-effective maritime solutions. Through many years of cooperation, we know PMH’s products are stable, solid and very well adapted to our market. By taking the company into our portfolio, we see opportunities to further develop comprehensive solutions for our customers. We know that our customers demand robust solutions with fewer integrations, and we will now be able to deliver this in our work and service boats, says Bernt Lilliestråle, CEO of Moen Marin.
Moen Marin is part of ScaleAQ. ScaleAQ is a full-service provider to the Norwegian and international aquaculture industry, with a wide range of solutions and services that contribute to the further sustainable development of the industry. The group also develops and sells software that links the products together into efficient and comprehensive solutions, and is thereby helping to shape tomorrow’s farming industry.
– For ScaleAQ, it is a pleasure to welcome PMH Norway to the team. The company has excellent products and solid expertise that are a great fit for us. The strength of ScaleAQ is the competence of our skilled employees in all divisions, the quality of the products and services we collectively deliver, as well as our continuous focus on improvement and further development towards the customers’ needs and challenges. With PMH on the team, we become even stronger. We look forward to linking PMH Norway closely with Moen Marin and the rest of the group. In this way, we will benefit from our shared experiences and expertise in further product development, says Audun Fjeldvær, CEO of ScaleAQ.
The agreement on the transfer of ownership was entered into on 07.01.2025 and the transaction has already been completed.
