Hampiðjan

What Hampiðjan does

Hampiðjan hf. is an Icelandic publicly listed maritime technology group (NASDAQ Nordic: ICE35457) founded in 1934, specializing in three core product families: high-performance synthetic ropes and lifting equipment, commercial fishing gear and trawl doors, and aquaculture equipment and services. The group's rope platform is built around proprietary UHMWPE (Dyneema) and aramid formulations marketed under the DynIce, DynIce Dux, Robus, and TechIce brands — products qualified for deepwater operations at depths up to 6,000 meters. Fishing gear spans trawl nets, trawl doors (Injector and Vónin brands), and the patented Flow Gear rockhopper replacement system, which claims 40-50% catch efficiency improvement. Aquaculture operations are consolidated under ELDI, headquartered in Norway with 510 employees across 24 locations in 12 countries, including the BioSeize organic waste collection system, and cage technologies such as Marwall, Mardeep, and Flexipen.

The business operates a B2B hardware sales model, distributing through wholly-owned subsidiaries and joint ventures in Iceland, Norway, Denmark, Lithuania, India, the US, Ireland, and the Faroe Islands, supplemented by a direct e-commerce webstore. Customer segments are commercial fishing operators (trawlers, purse seine vessels), aquaculture producers, offshore oil and gas and wind developers, and research institutions. Pricing is quote-based and not publicly disclosed, reflecting custom-engineered specifications. Recent strategic activity centers on the January 2026 ELDI merger, the February 2025 Kohinoor acquisition (75.1%, India), construction of a 59,200 sqm manufacturing facility in the Auric industrial area near Aurangabad, India, and the consolidation of Norwegian fishing gear operations into Mørenot Refa together with trawl door production into Plungė, Lithuania (expected ~€1.2M EBITDA uplift).

In Q1 2026 the group reported revenue of €97.3M (up 8.1% YoY), EBITDA of €11.3M (11.6% margin), and net profit of €4.1M. As of Q1 2026, total assets were €565.7M and interest-bearing debt was €217.1M, yielding an equity ratio of 48.5%. Aquaculture sales grew 32% YoY in Q1 2026, partially offsetting headwinds in wild-capture fishing from reduced Barents Sea cod quotas and restrictions on sales to Russian vessels. The group listed on the main market in 2025 following the Mørenot acquisition and is led by CEO Hjörtur Erlendsson, with Sigurhjörter Sigfússon appointed CFO in 2026.

Name

Hampiðjan

Legal name

Hampiðjan hf.

Website

https://hampidjan.is

Company type

Public

Founded year

1934

Operating status

Operating

Headcount range

51–100 employees

Short description

Hampiðjan hf. is an Icelandic publicly listed maritime technology company manufacturing proprietary UHMWPE synthetic ropes (DynIce, Robus, TechIce), fishing gear and trawl doors (Vónin, Injector), and aquaculture equipment (ELDI) through subsidiaries in Iceland, Norway, Denmark, Lithuania, India, and the US.

Ownership category

akta.pro rank

Product category

Marine Equipment & Fishing Gear Manufacturing

NAICS

Rope, Cordage, Twine, Tire Cord, and Tire Fabric Mills (314994), Aquaculture (11251), Aquaculture (1125)

SIC

Special Industry Machinery (No Metalworking Machinery) (3550), Knitting Mills (2250)

akta.pro primary industry

Industrial Ropes, Cords, Twines & Netting (Mooring/Lifting/Fishing/Load Restraint) (IMAOADAK)

akta.pro secondary industry

Aquaculture Farm Services & Operations Support (net cleaning, diving, grading, harvesting) (AFAEAAAM)

Keywords

• Fishing gear manufacturing
• Aquaculture equipment supply
• Synthetic rope production
• Trawl door fabrication
• Offshore lifting solutions

Headquarters

HQ city

Reykjavík

HQ country

Iceland

HQ region

Europe

Offices14 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Fishing Gear Sales: Sales of fishing gear including trawls, nets, ropes, and accessories to commercial fishing vessels globally
2. Fish Farming Equipment and Services: Fish farming equipment including cages, nets, and related services through ELDI subsidiary; includes BioSeize waste management systems
3. Offshore Lifting Equipment: Ultra ropes and lifting strops for offshore oil and gas industry, including deepwater applications and wind turbine installations
4. Trawl Doors: Production and sale of trawl doors under Injector and Vónin brands, with manufacturing consolidated in Lithuania

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Hampiðjan manufactures and sells high-performance fishing gear (trawl nets, trawl doors, netting and twine), aquaculture equipment (fish cages and the BioSeize waste collection system), and high-strength synthetic ropes for offshore lifting, towing, and mooring. The company produces ultra-strong ropes from UHMWPE/Dyneema and aramid fibers under brands including DynIce, DynIce Dux, Robus, and TechIce, and supplies commercial fishing fleets, fish farming operators, and offshore energy companies globally. Operations are vertically integrated across production facilities in Iceland, Lithuania, India, Norway, Denmark, and Ireland.

Product overview

Hampiðjan is a diversified maritime and aquaculture technology company offering an integrated portfolio of fishing gear, aquaculture equipment, lifting/rigging solutions, and offshore products. The portfolio is organized across four main business segments: (1) fishing gear (Vónin/Vonin Refa and Mørenot brands for trawl nets, fishing gear materials, and trawl doors — Injector and Vónin brands), (2) aquaculture (ELDI subsidiary — fish cages, BioSeize waste collection system, Marwall, Mardeep, Flexipen), (3) lifting and rigging (comprehensive lifting equipment including DynIce, DynIce Dux, Robus ultra-ropes, chain slings, shackles, hooks, blocks), and (4) offshore/oil & gas (ofurstroffur ultra-ropes, tow ropes, mooring). Key product lines include the patented Flow Gear rockhopper replacement, the BioSeize aquaculture waste system, and the Helix Robus fleet of ultra-strong rope products.

Differentiator

Problem solved

Functional benefit

Brands

• ELDI: Aquaculture brand combining all fish farming operations - headquarters in Norway
• DynIce
• DynIce Dux
• Robus
• Flow Gear
• BioSeize
• ConeCollect
• Fish/It
• Vónin
• Mørenot
• Injector
• Helix Robus
• Marwall
• Mardeep
• Flexipen
• TechIce

Products and services

• DynIce synthetic ropes High-strength synthetic ropes and towing lines made from UHMWPE (ultra-high molecular weight polyethylene) and Dyneema fibers for deepwater hoisting, lifting, towing, and mooring in offshore oil & gas, maritime, and rescue applications. Lighter and stronger than steel wire rope.
• DynIce Dux Ultra-high-performance ropes with Dyneema HMPE fibers engineered for oil & gas offshore operations, deepwater lifting, and heavy-duty mooring requiring maximum strength-to-weight ratio.
• TechIce Hybrid Synthetic Hoisting Rope

Quantifiable outcome

• 40-50% catch efficiency improvement with Flow Gear compared to traditional rockhopper systems
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Rotor SystemscoreStrategic or Co-development Partner · 1 January 2026Norwegian engineering and technology company that co-founded Rotor Aqua together with ELDI (Hampiðjan's aquaculture subsidiary) to develop, implement and market new technologies for processing processes and digital management in fish farming. Based in Oslo, Stavanger, and Kristiansand. Joint venture builds on two years of joint product development around the BioSeize system for organic waste collection in fish farming.
• SamherjacoreStrategic or Co-development PartnerCollaboration on development and testing of Flow Gear hopparalengjur for Icelandic conditions. Skippers Guðmundur Freyr Guðmundsson and Árni Rúnar Jóhannesson provided feedback that was critical to improving the design for Icelandic seabed conditions.
• Blái herinn (Coast Guard)minorOthersAnnual beach cleanup collaboration with Iceland's Coast Guard (Blái herinn). Hampiðjan is a major sponsor of the initiative which focuses on reducing sea pollution and improving coastal environment. About 30 Hampiðjan employees participated in cleanup collecting approximately 1,000 kg of waste.
• SCONminorImplementation/ SI/ Consulting PartnerConstruction company contracted for building the new 59,200 sqm Auric industrial facility in India. SCON is a large construction firm with approximately 6,000 employees including 1,200 engineers.

Scale indicators10 records

Recent moves11 records

Expansion highlights6 records

Emerging players

• SeaQuest Systems: Emerging player in marine and offshore lifting equipment, including synthetic rope systems and subsea deployment solutions. Comparable to Hampiðjan's TechIce deepwater hoisting rope offering, though smaller and more focused on specific subsea applications.

Direct peers

• Samson Rope Technologies: US manufacturer of high-performance synthetic ropes for marine, offshore, industrial, and climbing applications. Direct competitor to Hampiðjan's DynIce and ultra-rope products, specializing in UHMWPE and other high-performance fiber ropes.
• Crosby Group: US-based manufacturer of lifting and rigging hardware including shackles, hooks, blocks, and slings. Direct competitor to Hampiðjan's lifting equipment business, serving overlapping marine, offshore, and industrial customer bases.
• Cortland International: Designer and manufacturer of synthetic rope, netting, and lifting solutions for marine, offshore, and subsea applications. Closely comparable to Hampiðjan's DynIce and ultra-rope portfolio, with particular strength in umbilical and deepwater lifting ropes.
• Akva Group: Norwegian aquaculture equipment supplier providing fish farming cages, nets, sensors, and feeding systems. Direct competitor to Hampiðjan's ELDI subsidiary across the global aquaculture equipment market, with overlapping customer base in Nordic salmon farming.
• Innovasea Systems: North American aquaculture technology company providing fish farming cages, sensors, feeding systems, and aquatic monitoring solutions. Direct competitor to ELDI's aquaculture equipment portfolio, particularly in salmon farming markets.
• Garware Technical Fibres: Indian manufacturer of synthetic technical textiles including ropes, netting, and twine for fishing, aquaculture, and marine applications. Directly comparable to Hampiðjan's DynIce and Robus rope/net product lines and shares the rope-twine-netting manufacturing core.
• Wichard: French manufacturer of marine rigging hardware, snap shackles, and safety equipment for sailing and commercial marine markets. Comparable product portfolio to Hampiðjan's marine lifting segment with overlap in yacht rigging and commercial marine customers.

Others

• Teijin Aramid: Dutch manufacturer of aramid fibers (Twaron, Technora) used as critical inputs in Hampiðjan's TechIce rope. Functions as both a key supplier and a broader player in the high-performance fiber value chain that underpins Hampiðjan's synthetic rope products.

Broad incumbents

• Bridon-Bekaert Ropes Group: Global leader in steel and synthetic ropes for offshore, mining, and industrial lifting applications. Overlaps with Hampiðjan's DynIce and lifting equipment portfolio but operates at much larger scale with broader industrial verticals beyond fishing and aquaculture.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/hampidjan

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries15 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hampiðjan