GMC

What GMC does

GMC Holding AS is a family-owned Norwegian industrial conglomerate founded in 1973 in Stavanger, operating through eight wholly-owned subsidiaries that collectively deliver maritime and offshore services across the Norwegian west coast. Its core service platform spans ship repair and maintenance (GMC Maritime), drydocking at one of Norway's largest dry docks at 279x42 meters (GMC Yard), electrical and automation systems (GMC Power and Automation), HVAC and cooling (GMC HVAC), lifting and mooring equipment sales, rental and certification (GMC Lifting Solutions), and base services plus marine operations including logistics, crew change and offshore project support (GMC Marine Partner). The group also operates a naval defense services line (Sjøforsvarstjenester) and a real estate development business (GMC Eiendom) anchored by the BREEAM-NOR Excellent certified Byfjordparken project in Stavanger.

The business is fundamentally infrastructure- and certification-intensive. GMC operates approximately 35,000 m² of outdoor and 5,000 m² of indoor workspace at Mekjarvik, two dry docks plus a 290-meter deepwater quay at Buøy, and additional bases at Hinna (50,000 m² storage), Aksdal/Gismarvik and the newly opened Hilleren base in Bergen. Its technology stack centers on heavy mechanical and welding capabilities (ISO 3834-2), domain-specialized lifting equipment (Sakkyndig Virksomhet S2 certifications), electrical and automation installation, and HVAC engineering, supplemented by agency partnerships with Cathelco, Novenco, Panasia/Samkun and Mooreast for antifouling, ventilation, green technology and mooring solutions respectively.

GMC generates revenue primarily through project-based B2B services contracts, multi-year framework agreements and equipment rental/sales, with no public pricing. Major customers include Equinor (700-800M NOK framework), the Norwegian Armed Forces (600M NOK framework for KNM Maud), Saipem (homeport services for the Saipem 7000), Aker BP (Hugin A platform), AKOFS (15-year vessel classification), Aurora Offshore, Rem Offshore, Fjord1 and Norled, plus recurring rental income from GMC Eiendom. The company employs more than 350 people and is controlled by the founding Christensen family through GMC Holding AS.

Name

GMC

Legal name

GMC Holding AS

Website

https://gmc.no

Company type

Private

Founded year

1973

Operating status

Operating

Headcount range

251–500 employees

Short description

GMC Holding AS is a family-owned Norwegian industrial conglomerate that provides ship repair, drydocking, lifting, HVAC, electrical/automation and marine operations services to North Sea offshore oil and gas operators, Norwegian defense and maritime shipping customers, primarily along Norway's west coast.

Ownership category

akta.pro rank

Product category

Maritime Industrial Services

NAICS

Ship Building and Repairing (336611)

SIC

Services-Miscellaneous Equipment Rental & Leasing (7350), Misc Industrial & Commercial Machinery & Equipment (3590)

akta.pro primary industry

Yard Layout & Production Facilities (Assembly Bays, Block Fabrication Shops, Warehouses) (IMAJALAG)

akta.pro secondary industries

Digital Yard Infrastructure & Asset Monitoring (IoT, CMMS, Crane/Dock Monitoring) (IMAJALAM), Marine MRO Parts & Consumables Distribution (TLAKAOAJ)

Keywords

• Maritime ship services
• Offshore vessel repair
• Shipyard drydocking
• Lifting mooring solutions
• Naval defense maintenance

Headquarters

HQ city

Stavanger

HQ country

Norway

HQ region

Europe

Offices9 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Professional Services - Ship Repair and Maintenance: GMC provides comprehensive ship repair, maintenance, and modification services for vessels, rigs, and offshore installations. Services include mechanical work, welding, electrical systems, and technical maintenance. Revenue is generated through project-based contracts and service agreements.
2. Equipment Rental and Sales: GMC Lifting Solutions offers sale and rental of lifting equipment including cranes, winches, shackles, slings, fenders, and A-frames. The company also provides surplus equipment. Rental services offer flexibility and cost reduction for customers who only pay for equipment when in use.
3. Docking Services: GMC operates dry docks and provides vessel docking services including repair, maintenance, classification, and upgrades. The company has two dry docks at Buøy in Stavanger, including one of Norway's largest dry docks at 279x42 meters.
4. Marine Operations: GMC Marine Partner provides project support, crew, base services, and logistics for marine operations including mooring, lifting operations, and offshore projects. Services support complex offshore and maritime projects.
5. Property Development and Rental: GMC Eiendom develops, owns, and manages residential and commercial properties in the Stavanger region. Byfjordparken includes approximately 56,000 m² of commercial space and 225 apartments being developed on the waterfront.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

GMC provides industrial and maritime services for ships, rigs, and offshore installations through eight specialized subsidiaries, including ship repair and modification, drydocking and classification, electrical and automation systems, HVAC and cooling, lifting and mooring equipment, base services and marine operations, and naval defense maintenance. The company operates one of Norway's largest dry docks (279x42m) and bases along the west coast, serving enterprise customers in shipping, offshore oil and gas, and defense.

Product overview

GMC is a family-owned Norwegian industrial conglomerate established in 1973, providing comprehensive maritime and industrial services. The company operates through eight specialized subsidiaries offering a platform of integrated services: GMC Maritime (ship repair and service), GMC Yard (drydocking and vessel maintenance), GMC Power and Automation (electrical systems), GMC HVAC (ventilation and cooling), GMC Lifting Solutions (lifting equipment and mooring), GMC Marine Partner (base services and marine operations), Sjøforsvarstjenester (naval defense services), and GMC Eiendom (real estate development). The core offering focuses on minimizing downtime for ships, rigs and installations through flexible solutions delivered with the tagline 'Consider it done.' The company also develops the Byfjordparken real estate project as part of diversification beyond maritime services.

Differentiator

Problem solved

Functional benefit

Brands

• GMC Maritime: Maritime ship service division
• GMC Yard
• GMC Power and Automation
• GMC HVAC
• GMC Marine Partner
• GMC Lifting Solutions
• GMC Eiendom
• Byfjordparken

Products and services

• GMC Maritime Repairs, maintains, and modifies ships, rigs, and installations. Includes welding, mechanical work, steel and pipe systems with both onshore and offshore capabilities. Targeted at ship owners, rig operators, and offshore installations.
• GMC Yard Complete docking and vessel service with repair, maintenance, classification, and upgrades. Features two dry docks (140x22.5m and 279x42m) and 290-meter deepwater quay at Buøy in Stavanger. Serves commercial ship operators and the Norwegian Armed Forces.
• GMC Power and Automation Electrical and automation services for ships, rigs, and industry. Offers installation, service, and upgrades of electrical and automated systems.
• GMC HVAC Ventilation and cooling solutions for maritime and offshore sectors. Provides custom heating, ventilation, and air conditioning systems with energy-efficient designs and environmental compliance.
• GMC Lifting Solutions Complete solutions within crane, lifting, transport, and mooring for ships, rigs, and offshore platforms. Offers equipment sales, rental, and certification services, plus specialized engineering and production of customized lifting equipment, including managing one of Europe's largest mooring equipment inventories.
• GMC Marine Partner - Base Services Base services including logistics, supply, crew change, and operational support for offshore, industry, and maritime operations. Serves as homeport for the Saipem 7000 heavy lift vessel in Mekjarvik.
• GMC Marine Partner - Marine Operations Marine operations including project support with equipment and crew for multidisciplinary operations. Specializes in lifting operations, mooring solutions, ballast operations, and heavy transport.
• Naval Defense Services (Sjøforsvarstjenester) Complete maintenance and support services for defense fleets, providing maritime competence for naval operations and defense-related projects, including drydocking, repair, HVAC, electrical, and automation for naval vessels.

Quantifiable outcome

• 35,000 work hours per major classification project with zero serious incidents
• +2 more outcomes

Named customers9 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

13 partnerships are on record, tiered core and minor.

• Cathelco (Evac Group)coreTechnology or Integration · 10 February 2026GMC partnered with Cathelco, a UK-based maritime protection technology supplier, to offer antifouling technology, corrosion protection, and water system solutions globally. The partnership strengthens GMC's offerings with documented solutions for more efficient and sustainable vessel operations. Cathelco is part of Evac Group, a Finnish industrial group with global maritime system solutions.
• Panasia and SamkunminorChannel Partner/ Reseller/ Distributor · 5 January 2026GMC Lifting Solutions is Norwegian supplier and official service partner for Panasia and Samkun's portfolio of green technology including tank measurement systems, ballast water treatment, de-NOx SCR systems, de-SOx scrubber systems, hydrogen systems, and CCUS.
• Aker SolutionscoreStrategic or Co-development Partner · 10 October 2025GMC collaborated with Aker Solutions on the Hugin A platform development for Aker BP, providing specialized lifting equipment and offshore personnel for cable pulling operations.
• GMC Lifting Solutions (internal)coreStrategic or Co-development Partner · 1 October 2025GMC Lifting Solutions was established as a separate company from October 1, 2025, continuing the expertise from the Products department in GMC Marine Partner. The new company offers a more complete range of lifting and transport solutions for offshore installations, vessels, and land-based industrial projects.
• MooreastminorChannel Partner/ Reseller/ Distributor · 1 October 2025GMC partnered with Mooreast as agent and rental provider for Mooreast products in Norway, expanding the portfolio of mooring solutions available to Norwegian customers.
• Novenco Building & IndustryminorChannel Partner/ Reseller/ Distributor · 3 April 2025GMC HVAC entered an agency agreement with Novenco Building & Industry, a leading global supplier of energy-efficient ventilation solutions, expanding HVAC product offerings.
• Marine Manager ASminorStrategic or Co-development Partner · 24 June 2024GMC entered a partnership with Marine Manager AS for collaborative marine services and operations support.
• SaipemcoreChannel Partner/ Reseller/ Distributor · 20 January 2024GMC Marine Partner was awarded agency contract by Saipem for homeport services in Mekjarvik. GMC serves as home base for Saipem 7000 heavy lift vessel, providing logistics, supply, crew changes, and operational support services.
• Norwegian Armed ForcescoreStrategic or Co-development Partner · 17 October 2023GMC Yard was awarded 7-year framework agreement including options for classification and maintenance of Norwegian Navy logistics vessel KNM Maud, valued at 600 million NOK. GMC provides comprehensive naval defense services including dry docking, repair, HVAC, electrical, and automation.
• Kvaleberg ASminorStrategic or Co-development Partner · 24 September 2023GMC acquired operations from Kvaleberg AS, a local player in ventilation and cooling, expanding HVAC capabilities and local market presence.
• EquinorcoreStrategic or Co-development Partner · 11 September 2023GMC renewed framework agreement with Equinor for four years with options for extension of two times two years, estimated at 700-800 million NOK total value. GMC provides multidisciplinary services including mooring, lifting, marine operations, and technical services across Equinor's Norwegian offshore operations.
• DOF SubseaminorStrategic or Co-development Partner · 4 October 2022Collaboration with DOF Subsea for decommissioning project on Veslefrikk platform, involving removal and recovery of mooring chain from the North Sea installation.
• Stena RecyclingminorStrategic or Co-development Partner · 4 October 2022GMC collaborated with Stena Recycling on the Veslefrikk decommissioning project, where 15.6 km of mooring chain was recovered and prepared for reuse or recycling through Stena's network.

Scale indicators9 records

Recent moves9 records

Expansion highlights7 records

Direct peers

• Aibel: Aibel is a leading Norwegian provider of maintenance, modification, and operations services for oil & gas and offshore wind, operating multiple yards along the Norwegian coast. Directly comparable to GMC's offshore maintenance, modification, and yard services across North Sea customers.
• Aker Solutions: Aker Solutions is a major Norwegian offshore engineering, maintenance, and modification company serving North Sea oil & gas and offshore wind customers. GMC is already collaborating with Aker Solutions on the Hugin A platform for Aker BP, making them both partner and peer.
• Vard: Vard (Fincantieri-owned) is one of Norway's largest shipbuilders and ship repair operators with yards along the Norwegian coast. Directly comparable to GMC Yard for ship repair, drydocking, and offshore vessel services.
• DOF Subsea: DOF Subsea is a Norwegian subsea and offshore vessel operator providing mooring, installation, and marine services. Comparable to GMC Marine Partner's offshore mooring, lifting operations, and marine operations services.
• Kleven Maritime: Kleven Maritime (now part of Vard) operates Norwegian shipyards for vessel newbuilding and repair services. Comparable to GMC Yard's ship repair and drydocking capabilities for offshore and commercial vessels.
• Havyard Group: Havyard Group is a Norwegian shipbuilder and supplier of ship equipment and services. Comparable to GMC's combination of vessel services, equipment supply (electrical/HVAC), and offshore support capabilities.
• NorSea Group: NorSea Group operates logistics bases and supply services for the Norwegian offshore industry (GMC's CEO Thomas A. Vang was previously NorSea CEO). Directly comparable to GMC Marine Partner's base services, logistics, and marine operations offerings.
• Westcon Yards: Westcon Yards operates Norwegian shipyards focused on offshore vessel construction, repair, and modification. Comparable to GMC Yard's ship repair, drydocking, and offshore structure services.

Broad incumbents

• Wärtsilä: Wärtsilä is a global marine technology and services company offering ship power, propulsion, and lifecycle services. Comparable as a broader marine services incumbent whose ship repair, electrical, and automation services overlap with several GMC subsidiaries, but at much larger global scale.
• Kongsberg Maritime: Kongsberg Maritime is a global supplier of marine electronics, automation, navigation, and vessel systems. Comparable to GMC Power & Automation's electrical and automation offerings, but as part of a much broader portfolio serving global merchant, offshore, and naval customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@gmcno/videos
• Facebookfacebook.com/gmc.no
• LinkedInlinkedin.com/company/gmc-group-no
• Instagraminstagram.com/gmc.no

Compliance12 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

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 GMC