ME Production

What ME Production does

ME Production A/S is a Frederikshavn, Denmark-based marine engineering company that designs, manufactures, and services marine propulsion and emissions control hardware. Its product portfolio is organized around three pillars: the Mekanord gearbox series (reduction gears, hybrid gears with PTI/PTO, compact/fast-running gears, and twin-in-single-out configurations) for power ranges up to 10,000 kW; the ClearSmart EGCS marine scrubber, available in open-loop, closed-loop, and hybrid configurations, which removes more than 98% of SOx and supports IMO 2020 and MARPOL Annex VI compliance; and marine heat pump / waste heat recovery systems developed in collaboration with Danfoss that raise low-temperature energy to usable heating levels (up to 90°C). The Mekanord brand traces back to 1945, while the modern ME Production entity was formed in January 2014 via the merger of Marine Exhaust Technology, Mekanord, and Toppenberg.

ME Production sells primarily through direct enterprise sales to shipowners, shipyards, and naval customers, supported by a global service network with hubs in Denmark, China, Singapore, and Panama, plus regional agency agreements such as the Palco Marine agreement for Asia. The commercial model is project-based and quote-driven, with revenue from hardware sales (gearboxes, scrubbers, heat pumps), turnkey installation, and lifecycle service agreements under the Time-2-Service concept. Reported scale includes 1,500-2,000 gear systems delivered globally, 200+ EGCS retrofits, and a service network that supports both ME Production and third-party equipment.

ME Production A/S is wholly owned by TORM A/S, a publicly listed Danish product tanker company on NASDAQ Copenhagen, following TORM's June 2025 acquisition of the final 25% from founder/CEO Jens Peter Faldt (after an initial 75% stake in 2022). The company continues to operate independently under its own management (CEO Jens Peter Faldt, CFO Lasse Hansen, CCO Kim Pedersen) and serves commercial shipping, defense/naval, industrial energy, and specialized marine segments.

Name

ME Production

Legal name

ME Production A/S

Website

https://meproduction.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

101–250 employees

Short description

ME Production A/S is a Danish marine engineering company that designs, manufactures, and services Mekanord marine gearboxes, ClearSmart EGCS scrubbers, and waste heat recovery heat pumps for shipowners, shipyards, and naval customers worldwide. It is wholly owned by TORM A/S.

Ownership category

akta.pro rank

Product category

Marine Propulsion and Emissions Control Equipment

NAICS

Speed Changer, Industrial High-Speed Drive, and Gear Manufacturing (333612), Other Engine Equipment Manufacturing (333618)

SIC

Engines & Turbines (3510), Special Industry Machinery (No Metalworking Machinery) (3550)

akta.pro primary industry

Propulsion Drives, Gearboxes & Shaftlines (IMAJAHAD)

akta.pro secondary industries

Marine Hybrid & Electric Propulsion Systems (IMAJAHAC), Propulsion MRO, Spares & Field Service (Overhauls, retrofits, upgrades) (IMAJAHAN), Propulsion, Power & Energy Systems Design (Diesel, Hybrid, Electric, Alternative Fuels) (IMAJAGAE)

Keywords

• Marine propulsion gearboxes
• Exhaust gas cleaning systems
• Marine heat pumps
• Waste heat recovery
• Maritime emissions reduction

Headquarters

HQ city

Frederikshavn

HQ country

Denmark

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Marine Propulsion Gearbox Sales: Sale of Mekanord brand marine gearboxes including reduction gears, hybrid gears, and compact gears. Custom-engineered to match vessel design and operational profile. Revenue from direct sales to shipyards, shipowners, and naval customers worldwide.
2. Scrubber System Sales and Installation: Sale and installation of ClearSmart EGCS exhaust gas cleaning systems for compliance with IMO 2020 and other environmental regulations. Offered in multiple delivery models: turn-key installation, pre-assembled pre-tested units, and bare bone solutions. Revenue from both newbuild and retrofit projects.
3. Marine Heat Pump Systems: Sale of waste heat recovery systems for maritime and industrial applications. Systems recover energy from low-temperature sources for reuse in heating processes, reducing fuel consumption and emissions.
4. Service and Maintenance: Comprehensive lifecycle support including gear service and scrubber service. Covers service agreements, spare parts, inspections, overhauls, retrofits, upgrades, and long-term maintenance strategies. Global service network with hubs in Denmark, China, Singapore, and Panama.
5. Engineering and Custom Development: Innovation team assists customers in developing, producing, and engineering technology in either customer or ME Production designs to meet environmental goals through development of new technologies.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

ME Production designs, manufactures, and services marine propulsion gearboxes (Mekanord series including reduction, hybrid, and compact/fast-running gears), exhaust gas cleaning systems (ClearSmart EGCS scrubbers), and marine heat pump/waste heat recovery solutions. The company delivers complete projects from design and engineering through production, commissioning, and lifecycle service, serving commercial shipping, naval/defense, and industrial energy customers worldwide.

Product overview

ME Production is a Danish maritime engineering company offering a portfolio of sustainable marine propulsion and emissions control solutions. Its core products are organized around three pillars: (1) the Mekanord gearbox series — covering conventional reduction gears, Hybrid Gear (with PTI/PTO electric mode), Compact/Fast running Gear, Front Gear, and Twin-in-Single-out Gear — all covering up to 10,000 kW; (2) the ClearSmart EGCS scrubber system — available in open loop, closed loop, and hybrid configurations (Ø1300–Ø6500, >98% SOx removal, up to 60+ MW capacity) — complemented by Smartview monitoring; and (3) Marine Heat Pump/waste heat recovery systems developed with Danfoss for energy efficiency. ME Production manages complete projects from idea to installation, including design, production, commissioning, and service, backed by its Time-2-Service global service framework with hubs in Denmark, China, Singapore, and Panama.

Differentiator

Problem solved

Functional benefit

Brands

• ClearSmart EGCS: Marine exhaust gas cleaning system (EGCS) technology available in open loop, closed loop, or hybrid configurations for SOx removal exceeding 98% efficiency.
• Mekanord

Products and services

• ClearSmart EGCS (Exhaust Gas Cleaning System) ME Production's marine exhaust gas cleaning system (EGCS) for removing over 98% of sulphur oxides (SOx) from ship engine and boiler exhaust. Available in open loop, closed loop, and hybrid configurations, with diameters from Ø1300 to Ø6500 mm and power capacities exceeding 60 MW. Sold directly to shipowners and shipyards for newbuild and retrofit projects.
• Mekanord Gearbox Series A comprehensive range of Mekanord marine propulsion gearboxes covering reduction gears, hybrid gears, compact/fast-running gears, front gears, and twin-in-single-out configurations, with output up to 10,000 kW. Built for controllable pitch propeller (CPP) systems and approved to major marine classification societies; sold to shipowners, shipyards, and naval customers.
• Reduction Gear Conventional marine reduction gearboxes based on Mekanord technology for controllable pitch propeller (CPP) systems, featuring precision-machined components, robust cast-iron housings, and low vibration. Available across the 270HS through 650OD series, class-approved for newbuilds and retrofits.
• Hybrid Gear Mekanord hybrid gearbox combining conventional propulsion with electric PTI/PTO operation for fuel efficiency, lower emissions, and smooth switching between diesel and electric drive, including full-electric zero-emission mode in port. Available across the 27HS through 80OD model series for newbuilds and retrofits.
• Compact / Fast Running Gear Compact and fast-running Mekanord gearboxes engineered for high-speed craft, catamarans, pilot boats, and wind farm support vessels where space, weight, and performance are critical. Features lightweight design, high efficiency, minimal noise, built-in servo systems for CPP, and optional PTO configurations (200HSC, 235HSC, 280HSC).
• Marine Heat Pump / Waste Heat Recovery System Closed-loop heat pump solution developed with Danfoss for recovering waste heat from low-temperature marine or industrial flue gas (45-50°C) and raising it to usable levels, providing hot water up to 90°C to reduce or eliminate oil-fired boiler use during port operations. Sold to maritime and industrial energy customers.
• Gear Service (Time-2-Service) Comprehensive lifecycle service for ME Production gearboxes covering inspections, spare parts, tailored or standard service agreements, retrofit upgrades, technical support, and global repair. Delivered under the Time-2-Service concept with global service centers in Denmark, China, Singapore, and Panama and 24/7 hotline support.
• Scrubber Service (Time-2-Service) Full lifecycle service for ClearSmart EGCS scrubbers covering inspections, spare parts, tailored or standard service agreements, retrofit, technical support, and global repair. Backed by service centers in Denmark, China, Singapore, and Panama with 24/7 hotline and remote assistance capabilities.

Quantifiable outcome

• Over 98% SOx removal efficiency
• +5 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

Feature6 records

Partnerships

Two partnerships are on record, tiered core and strategic.

• Palco MarinecoreChannel Partner/ Reseller/ Distributor · 7 April 2026Palco Marine signed as official agent for ME Production's scrubber solutions in Asia during Asia Pacific Maritime. The partnership strengthens ME Production's presence in Asia with local market insight and established relationships. Palco Marine has begun introducing ME Production solutions to local shipyards and industry stakeholders.
• DanfossstrategicTechnology or IntegrationME Production developed and implemented a closed-loop heat pump solution in collaboration with Danfoss for Frederikshavn Forsyning. The partnership involved adapting the system to existing plant operations, optimizing integration, controls, and component interaction to match specific operating conditions.

Scale indicators6 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• Wärtsilä: Wärtsilä is a Finnish broad incumbent in marine propulsion, engines, exhaust aftertreatment, and emissions reduction systems. It overlaps with ME Production in scrubber/hybrid propulsion solutions and is the dominant supplier against which MEP pitches on commercial vessel newbuilds and retrofits.
• MAN Energy Solutions: MAN Energy Solutions is a German broad incumbent in marine engines, turbochargers, and propulsion systems. While primarily an engine maker, it competes with ME Production indirectly via integrated propulsion packages and increasingly through its own aftertreatment and emissions control offerings.
• Alfa Laval: Alfa Laval is a broad marine equipment incumbent offering exhaust gas cleaning systems, separators, boilers, and heat transfer equipment. It competes with ME Production's ClearSmart EGCS scrubbers as a larger, more diversified vendor able to bundle multiple pieces of machinery for shipyards under a single procurement contract.

Direct peers

• RENK Group: RENK is a German specialist in high-speed marine and naval gearboxes, particularly reduction gears for fast vessels and naval platforms. RENK competes head-on with ME Production in navies, patrol craft, icebreakers, and high-speed ferries on gearbox specification and qualification.
• Yara Marine Technologies: Yara Marine (formerly Yara Marine Technologies / Clean Marine) is a leading pure-play scrubber and marine emissions specialist offering SOx scrubbers, carbon capture, fuel cells, and shore power. It is the closest direct scrubber peer to ME Production's ClearSmart EGCS line, competing globally for retrofit and newbuild contracts.
• Pacific Green Technologies: Pacific Green Technologies designs and markets marine exhaust gas cleaning systems (SOx scrubbers) for shipowners and yards. It is a smaller, scrappier direct competitor to ME Production in the scrubber retrofit segment, primarily targeting the tanker and bulker markets.
• Reintjes GmbH: Reintjes is a leading German manufacturer of marine and industrial gearboxes, including reduction and hybrid gears for commercial and naval vessels. It is the most direct global competitor to ME Production's Mekanord gearbox line, targeting the same shipyard and shipowner customer base with overlapping CPP-coupled product architecture.
• Masson Marine: Masson Marine is a French specialist in marine and industrial gearboxes serving commercial, fishing, and naval markets. It is a like-for-like gearbox peer to ME Production with overlapping European shipyard channel and competitive bid overlap on CPP and hybrid configurations.

Emerging players

• Climeon: Climeon is a Swedish emerging player in marine and industrial waste heat recovery using low-temperature Organic Rankine Cycle technology. It is comparable to ME Production's marine heat pump / waste heat recovery product line, targeting similar decarbonization economics for ship operators and industrial users.
• Hamworthy / Svanehøj (Svanehøj Group): Svanehøj (which acquired Hamworthy's marine pump and compressor business) manufactures marine pumps, compressors, and related equipment used in scrubber systems and other marine engine-room applications. It is a partial-overlap emerging peer to ME Production on the EGCS value chain, supplying critical subsystems into the same scrubber install base.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/me-production
• Facebookfacebook.com/MEPRODUCTION.DK

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 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 ME Production