Moen Marin, the world’s largest supplier of working boats to the aquaculture industry, is acquiring PMH Norway, producer of a wide range of high-quality solutions for maritime vessels. Moen Marin will with this acquisition be able to develop and deliver vessels with more integrated and functional total solutions that will benefit its customers around the world.

PMH Norway offers a wide range of technology and advanced products for propulsion, dynamic positioning, and maneuvering systems, hydraulic systems, and deck equipment for customers in offshore, passenger transport, fishing, freight, and aquaculture. With Moen Marin as a new and strong industrial owner, PMH Norway will gain the strength to further develop existing solutions as well as produce new technology and innovative solutions. and create new technologies and innovative solutions.

“This acquisition is in line with our vision to strengthen and promote sustainable, high-technological and cost-effective maritime solutions. Through many years of cooperation, we know PMH’s products as stable, solid and adapted to our market. By adding the company to our portfolio, we see opportunities to further develop total products for our customers. We know that our customers demand robust solutions with fewer integrations, and with this, we further strengthen the excellent solutions we offer in our service and workboats ” says Bernt Lilliestråle, CEO of Moen Marin.

PMH Norway will become a subsidiary of Moen Marin and will continue to operate under the same brand name. The company, which is located west of Trondheim, has 16 employees with broad mechanical, electrical and technical expertise.

“We are pleased to have Moen Marin as owners. We will retain our brand name, and much will stay the same, but we have products we’ve been eager to further develop and introduce to both existing and new markets. With the added resources, we now have the capacity to execute this vision and continue our growth”, says Kåre Vevik, CEO of PMH Norway.

Moen Marin is part of ScaleAQ which. ScaleAQ is a supplier to the Norwegian and international aquaculture industries, offering a wide range of solutions and services that promote sustainability and enhance efficiency within the sector. The company also develops and sells software that links the products together into efficient and holistic solutions, and with this helps to shape tomorrow’s aquaculture industry.

“For ScaleAQ, it is a pleasure to have PMH Norway on our team. The company has core products and expertise that fit in very well with us. The strength of ScaleAQ lies in the expertise of our skilled employees across all divisions, the quality of the products and services we deliver, and our ongoing focus on improvement and development to address the needs and challenges of our customers. With PMH on board, we are even stronger. We look forward to closely integrating PMH Norway with Moen Marin and the rest of the group, enabling us to leverage our combined experience and expertise in driving future product development”, says Audun Fjeldvær, CEO of ScaleAQ.

The transfer of ownership agreement was entered into on January 7th 2025 and the transaction has already been completed.

Facts about PMH Norway

• For over 50 years, PMH Norway has been producing and delivering robust quality solutions for maritime vessels.
• Equipment from PMH Norway is supplied to customers in offshore, passenger transport, fishing, freight, and aquaculture industries.
• The company provides a range of products, including control systems, maneuvering systems, DP systems, hydraulics, total concept solutions, thrusters, capstans, winches, and other deck equipment.
• PMH employs 16 people and is located in Bosberg, just outside Trondheim.

 

Facts about Moen Marin

• Moen Marin AS is currently the world’s largest supplier of workboats to the aquaculture industry.
• In November 2019, Moen Marin became part of ScaleAQ.
• Moen Marin has delivered over 285 vessels and has a clear sustainability profile, focusing on low- and zero-emission solutions, with 85 hybrid or fully electric boats delivered or under construction.
• Moen Marin is based in Trondheim and Rørvik, with a total of 53 employees.

Audun Fjeldvær, CEO i ScaleAQ Group

Kåre Vevik, CEO PMH Norway and  Bernt Lilliestråle, CEO  Moen Marin.