MARINE EQUIPMENT INDUSTRY UPDATE | APRIL 2024

Marine Equipment companies navigating towards sustainable oceans

With the International Maritime Organization (IMO) setting a stringent framework for cutting greenhouse gas emissions from international shipping, maritime players must brace for changes and regulatory compliance. As the current global fleet is predominantly reliant on traditional fuels, the shift towards low-carbon options is not just imminent but essential, highlighting a market for vessel replacement or retrofitting to align with upcoming sustainability regulations.

A wave of innovation has also started to steer the marine equipment industry towards decarbonization beyond the use of alternative fuels. Tools and technologies such as digitalization, hydrodynamics, and new propulsion systems are being adopted, enabling vessels to be operated more efficiently and reducing emissions.

In contrast to the broader market, transaction activity within the Nordic Marine Equipment industry proved strong, hitting an all-time high of 29 transactions for the year 2023. We observe increased attention for Nordic targets from both international industrial players and private equity, and we maintain an optimistic perspective for marine equipment M&A activity going forward.

This report dives deeper into the international market dynamics of the marine equipment industry and offers an in-depth analysis of the recent transaction activity levels and valuation considerations.

Nordic Marine Equipment transaction levels at an all-time high

The investments in shipping capacity is offering significant growth opportunities for Marine Equipment companies. Strategic positioning and good preparations, are crucial in the ongoing consolidation and repositioning of the maritime equipment market. Nikolai Lunde, Marine Equipment Specialist and Managing Partner at Oaklins Norway

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