Nekkar
Nekkar ASA is a Norwegian publicly listed industrial holding company that owns and develops ocean-based technology subsidiaries serving shipyards, navies, offshore energy operators, and aquaculture companies with shiplift systems, drilling automation, maritime ICT, and closed-containment fish cages.
- Company typePublic
- Founded1966
- HeadquartersBergen, Norway
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
What Nekkar does
Nekkar ASA is a Norwegian publicly listed industrial holding company (Oslo Stock Exchange: NKR; Frankfurt: 0TT) that acquires, owns, and develops ocean-based technology businesses. Founded in 1966 as Total Transportation Systems and rebranded to Nekkar following a 2019 divestiture to MacGregor, the group operates six subsidiaries: Syncrolift (shiplifts and ship transfer systems, 43% of 2025 revenue), FiiZK (aquaculture closed containment, 23%), Techano Oceanlift (offshore lifting equipment, 16%), Globetech (maritime ICT and cybersecurity, 14%), Intellilift (drilling automation software, 5%), and SkyWalker (offshore wind installation tool, under development). Customers include navies (Indian Navy), shipyards (South Red Sea Shipyard, Dubai Maritime City), offshore drilling operators (Transocean via InteliWell JV), and salmon farmers (Mowi).
Revenue is generated through three streams: one-time equipment and systems sales (shiplifts, offshore cranes, aquaculture cages), recurring SaaS and service contracts (IntelliWell drilling automation, Globetech ICT across approximately 150 vessels, navy service agreements), and large project-based contracts (e.g., EUR 8.5M Syncrolift deal, NOK 765M order backlog). Pricing is project-specific and contract-based with no public tiers. Go-to-market is direct enterprise field sales via each subsidiary, with sales engineering teams located across Norway (Kristiansand HQ, Vestby, Trondheim), Singapore, Dubai, and India. In FY2025, Nekkar generated NOK 571 million in revenue, held NOK 150 million in cash with no interest-bearing debt, employed 172 people globally, and was rated Buy with a NOK 15 price target by SpareBank 1 Markets. The company is pursuing a NOK 1.5 billion revenue target by 2027 through a combination of organic growth, full consolidation of FiiZK and Globetech, and SaaS revenue expansion via IntelliWell.
Nekkar firmographics
Firmographics- Name
- Nekkar
- Legal name
- Nekkar ASA
- Website
- https://nekkar.com/
- Company type
- Public
- Founded year
- 1966
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Nekkar ASA is a Norwegian publicly listed industrial holding company that owns and develops ocean-based technology subsidiaries serving shipyards, navies, offshore energy operators, and aquaculture companies with shiplift systems, drilling automation, maritime ICT, and closed-containment fish cages.
- Ownership category
- akta.pro rank
Nekkar industry classification
Industry- Product category
- Marine Engineering Equipment
- NAICS
- Ship Building and Repairing (336611)
- SIC
- Ship & Boat Building & Repairing (3730)
- akta.pro primary industry
- Electrical, Automation & Control Systems (Power, PLC/SCADA, Navigation/Comms Integration) (TLAHAMAE)
- akta.pro secondary industries
- Marine Automation, Control & PLC/SCADA Systems (IMAJAJAC), Marine Cybersecurity & Networked OT Systems (IMAJAJAH), Commercial Ship Repair & Drydocking (TLAKAKAA)
Keywords
Where Nekkar is headquartered
LocationHeadquarters
- HQ city
- Bergen
- HQ country
- Norway
- HQ region
- Europe
Offices6 records
Markets served
Nekkar business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Technology or R&D, Operations, Marketing or Sales
Revenue model
- Equipment and Systems Sales: Sale of shiplift systems, ship transfer systems, offshore cranes, and aquaculture containment equipment. Revenue recognized upon delivery and installation completion.
- Software/SaaS Subscriptions: Recurring software revenue from drilling automation SaaS (IntelliWell), aquaculture management software. High proportion of recurring revenue at Globetech (~150 vessels).
- Service and Maintenance Contracts: Long-term service contracts including the NOK 40 million Indian Navy service contract (2 years) and Syncrolift service agreements with Dubai Maritime City.
- Project-based Revenue: Large project contracts for shipyards, naval projects, and offshore installations with significant contract values (EUR 8.5M South Red Sea Shipyard, NOK 765M order backlog).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Multi-year contract | Enterprise project-based contracts |
Go-to-market motion3 records
Distribution channels1 record
Marketing channels4 records
Nekkar product offering
Product offeringCore offering
Nekkar ASA is an industrial long-term owner of ocean-based technology companies, operating a portfolio of six wholly-owned or majority-owned subsidiaries. The group delivers shiplift and ship transfer systems (Syncrolift), drilling automation SaaS (Intellilift/IntelliWell), maritime ICT and cybersecurity services (Globetech), offshore lifting equipment (Techano Oceanlift), closed-containment aquaculture systems (FiiZK), and offshore wind installation technology (SkyWalker) to shipyards, navies, offshore energy operators, and aquaculture producers globally.
Product overview
Nekkar is an industrial long-term owner of ocean-based technology companies operating a portfolio model with six distinct operating companies. The portfolio includes Syncrolift (ship transfer systems, 43% of revenue), FiiZK (aquaculture closed containment systems, 23%), Techano Oceanlift (offshore lifting equipment, 16%), Globetech (maritime ICT/cybersecurity, 14%), Intellilift (drilling automation software, 5%), and Skywalker (offshore wind installation technology under development). The company applies a buy-to-own strategy, with options to acquire 100% of Globetech and Techano Oceanlift.
Differentiator
Problem solved
Functional benefit
Products and services
- Syncrolift Shiplift and Ship Transfer Systems Market-leading provider of shiplifts and ship transfer systems for shipyards and naval projects worldwide. Designed for vessel launching, drydocking, and repair operations at shipyards and naval bases.
- Intellilift Industrial Software Industrial software that digitalizes workflows through automation and remote-controlled systems for drilling and offshore load handling. Delivered as SaaS via the IntelliWell joint venture with Transocean.
- Globetech Maritime ICT and Cybersecurity ICT infrastructure connectivity and cybersecurity services delivered to commercial maritime ships and vessels, with a recurring-revenue installed base of approximately 150 vessels.
- Techano Oceanlift Intelligent Load Handling Intelligent load handling and lifting equipment for offshore renewables, energy, and aquaculture applications, generating 16% of Nekkar's 2025 revenue.
- FiiZK Protectus Closed Containment Aquaculture Systems Closed and semi-closed fish cage systems (Protectus) with associated software, maintenance, and services for salmon farming. FiiZK has delivered 24 Protectus systems producing over 100 million post-smolt with superior biological effects.
- SkyWalker Offshore Wind Installation Tool Wind turbine installation and service tool under development to reduce cost and environmental footprint of offshore wind operations.
Quantifiable outcome
- 46% increase in order intake to NOK 227 million in Q1 2025
- +3 more outcomes
Companies that use Nekkar
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles4 records
Nekkar technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Nekkar partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- TransoceancoreJoint venture 'IntelliWell' formed with Transocean for drilling automation SaaS solutions. InteliWell announced a 10-year SaaS contract for 11 offshore rigs commencing Q2 2026. This is a flagship partnership providing access to Transocean's rig fleet for software deployment.
Scale indicators16 records
Recent moves6 records
Expansion highlights6 records
Nekkar competitors and assessment
Company assessmentDirect peers
- AKVA Group: AKVA Group is a leading global supplier of aquaculture technology, including salmon farming equipment, software, and services. It is the most direct peer to Nekkar's FiiZK subsidiary in closed containment systems and salmon farming technology.
- Schottel: Schottel is a German-based specialist in marine propulsion, manoeuvring, and offshore lifting systems. It is directly comparable to Techano Oceanlift's offshore lifting and renewables equipment portfolio serving offshore wind and energy operators.
- Cavotec: Cavotec provides connection and electrification solutions for ports, maritime, and offshore, including automated mooring and shore power. It is directly comparable to Nekkar's shipyard electrification and offshore equipment portfolio, addressing similar customer pain points around automation and decarbonization.
- Norwegian Electric Systems (NES): NES designs and delivers electrical systems, automation, and energy management for marine and offshore vessels. It directly competes with Nekkar's automation and electrical integration offerings in the Norwegian maritime and offshore cluster.
Regional players
- Oceanteam Solutions: Oceanteam Solutions is a Dutch marine services company providing offshore and subsea solutions, including equipment and transport. While more regionally focused, it competes in adjacent offshore transport and heavy-lift services markets to Techano Oceanlift.
Broad incumbents
- Aker Solutions: Aker Solutions provides engineering, technology, and lifecycle services for offshore energy, including subsea and offshore wind. It is broadly comparable to Nekkar's offshore energy segment, particularly Techano Oceanlift and SkyWalker, serving the same offshore and renewables customers.
- MacGregor: MacGregor is the largest global provider of marine cargo handling, load handling, and offshore solutions, and acquired the majority of Nekkar's predecessor (TTS) activities in 2019. It is the most direct large-scale comparable for Nekkar's ship-handling and offshore load handling portfolio.
- Wärtsilä: Wärtsilä is a global marine technology leader providing ship automation, navigation, and lifecycle services. Its broad marine automation portfolio and Smart Marine Ecosystem overlap with Nekkar's drilling automation and maritime digitalization offerings.
- Kongsberg Maritime: Kongsberg Maritime supplies automation, navigation, and control systems for offshore, naval, and merchant vessels. It directly overlaps with Nekkar's Intellilift drilling automation and Globetech ICT/cybersecurity offerings and serves the same shipyard and offshore energy customer base.
- ABB Marine & Ports: ABB Marine & Ports provides electrical, automation, and digital solutions for vessels and ports globally. Its marine automation and propulsion control offerings overlap with Nekkar's Intellilift and Globetech businesses, particularly in shipyard and offshore electrification.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Nekkar social profiles
Digital presenceNekkar financial estimates
Financial estimateRevenue estimate
Valuation estimate
Nekkar leadership team
Management profileNumber of profiles
Profiles1 record
Nekkar subsidiaries and ownership
Company hierarchySubsidiaries6 records
Nekkar funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Nekkar M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Nekkar
What does Nekkar do?
Nekkar ASA is an industrial long-term owner of ocean-based technology companies, operating a portfolio of six wholly-owned or majority-owned subsidiaries. The group delivers shiplift and ship transfer systems (Syncrolift), drilling automation SaaS (Intellilift/IntelliWell), maritime ICT and cybersecurity services (Globetech), offshore lifting equipment (Techano Oceanlift), closed-containment aquaculture systems (FiiZK), and offshore wind installation technology (SkyWalker) to shipyards, navies, offshore energy operators, and aquaculture producers globally.
Is Nekkar a public or private company?
Nekkar is a public company. It is classified as public and is currently operating.
When was Nekkar founded?
Nekkar was founded in 1966. It employs 101 to 250 people.
Where is Nekkar based?
Nekkar is headquartered in Bergen, Norway, in the Europe region.
How does Nekkar make money?
Four revenue lines are on record. Equipment and Systems Sales are the primary driver. The others are software/SaaS Subscriptions, service and Maintenance Contracts and project-based Revenue.
Who are Nekkar's main competitors?
Direct peers on record are AKVA Group, Schottel, Cavotec and Norwegian Electric Systems (NES). Oceanteam Solutions is listed as a regional player. Broad incumbents are Aker Solutions, MacGregor, Wärtsilä, Kongsberg Maritime and ABB Marine & Ports.
Does Nekkar have an API?
No public API is recorded for Nekkar.
What industry is Nekkar in?
Nekkar's product category is Marine Engineering Equipment. Its primary akta.pro industry code is TLAHAMAE, Electrical, Automation & Control Systems (Power, PLC/SCADA, Navigation/Comms Integration), with a secondary code of IMAJAJAC, Marine Automation, Control & PLC/SCADA Systems. Its NAICS code is 336611 and its SIC code is 3730.