Westcon Group

What Westcon Group does

Westcon Group AS is a privately-held, family-owned Norwegian industrial group founded in 1980, headquartered in Ølensvåg with a secondary presence in Haugesund and operations across 13 locations in Norway and Poland. The group is a multi-disciplinary total supplier to the offshore, energy, maritime, and defense industries, organized as a holding over 14 subsidiary and partially-owned companies. Its core operating subsidiaries deliver full-service shipyard work (Westcon Yards), cranes and lifting equipment (Westcon Løfteteknikk), electrification and automation including battery and shore power systems (Westcon Power & Automation), advanced offshore, subsea and seismic services (Westcon Geo), closed-containment aquaculture technology (Westcon Hexacage), and a digital inspection platform for explosive environments (Inspectio). Partially-owned entities add maritime design in Poland (Westcon Design Polen), high-temperature heat pumps (Olvondo), seabed seismic nodes (InApril), subsea manifolds (Agility), and a patented well cleaning tool (Swarfix).

The group monetizes through project-based B2B contracts for ship repair, maintenance, conversion, and newbuilding, alongside hardware sales of specialized equipment and engineering/design services. Revenue streams span shipyard services, specialized equipment and technology solutions, offshore and subsea services, engineering and design, and green technology solutions, with no public pricing — engagements are contact-based and scoped per project. Westcon's 3.3 billion NOK turnover, 1,040+ employees, ISO 9001 and ISO 14001 certifications, and 40+ year operating history underscore a mature industrial platform that is repositioning toward energy-transition offerings (shore power, hybrid and electric propulsion, hydrogen vessels, heat pumps) while leveraging strategic North Sea shipyard locations to serve time-sensitive offshore and maritime customers.

Name

Westcon Group

Legal name

Westcon Group AS

Website

https://westcon.no

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Westcon Group is a family-owned Norwegian industrial group operating 14 companies across shipyards, lifting equipment, electrification and automation, offshore and seismic services, aquaculture technology, and digital inspection. It serves enterprise customers in the offshore, energy, maritime, and defense industries.

Ownership category

akta.pro rank

Product category

Maritime and Offshore Industrial Services

NAICS

Ship Building and Repairing (336611), Commercial and Service Industry Machinery Manufacturing (33331)

SIC

Ship & Boat Building & Repairing (3730), Misc Industrial & Commercial Machinery & Equipment (3590)

akta.pro primary industry

Offshore Wind & Renewable Support Vessel Construction (SOV, CTV, WTIV) (IMAJACAG)

Keywords

• Shipyard services
• Offshore engineering
• Maritime solutions
• Subsea services
• Vessel maintenance

Headquarters

HQ city

Haugesund

HQ country

Norway

HQ region

Europe

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Shipyard Services: Full-service shipyard operations including repair, maintenance, conversion, and newbuilding of vessels and rigs. Revenue generated through project-based service contracts in the maritime and offshore sectors.
2. Specialized Equipment and Technology Solutions: Sale and installation of specialized equipment including cranes and lifting equipment, electrification and automation systems, battery solutions, and proprietary technologies like Swarfix Well Cleaning Tool.
3. Offshore and Subsea Services: Advanced offshore, subsea, and seismic services supported by specialized vessel fleet. Includes seabed seismic operations, subsea manifold delivery, and offshore structure services.
4. Engineering and Design Services: Design and engineering services for vessels and offshore structures, maritime design in Poland, and specialized engineering services.
5. Green Technology Solutions: Sustainable technology solutions including shore power, battery systems, hydrogen ferry projects (MF Hydra), and aquaculture technology (Hexacage closed steel cage systems).

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Westcon Group is a family-owned Norwegian industrial conglomerate and total supplier delivering ship repair, maintenance, conversion, and newbuilding services through its shipyard facilities, alongside electrification and automation systems, cranes and lifting equipment, offshore/subsea/seismic services, and green technology solutions. The group operates through wholly-owned and partially-owned subsidiaries serving the maritime, offshore, energy, and defense industries with 3.3 billion NOK in annual revenue and 1,040+ employees.

Product overview

Westcon Group is a family-owned industrial conglomerate operating as a leading total supplier in offshore, defense, energy, and maritime industries. The company operates through a portfolio of subsidiary and partially-owned companies: Westcon Yards (shipbuilding and repair), Westcon Løfteteknikk (cranes and lifting), Westcon Power & Automation (electrification and automation), Westcon Geo (offshore and seismic services), Westcon Hexacage (aquaculture technology), and Inspectio (digital inspection platform). The group also holds interests in Westcon Helgeland, Westcon Design Polen, Olvondo Technology (heat pumps), InApril (seismic nodes), Agility Subsea (subsea structures), and Swarfix (well cleaning tools). Services include shore power solutions and battery installations for vessels and rigs. The company operates shipyards in Ølen, Florø, Karmsund, and Helgeland with 1040+ employees and revenue of 3.3 billion NOK.

Differentiator

Problem solved

Functional benefit

Products and services

• Westcon Yards Full-service shipyard providing repair, maintenance, conversion, and newbuilding of vessels and rigs, with facilities in Ølen, Florø, Karmsund, and Helgeland. Serves shipping companies, offshore operators, and naval forces requiring complex vessel services.
• Westcon Løfteteknikk
• Westcon Power & Automation Electrification and automation systems for maritime, offshore, and energy sectors, delivering robust and energy-efficient solutions including battery installations and shore power. Combined ISO 9001:2015/ISO 14001:2015 certified.
• Westcon Geo Advanced offshore, subsea, and seismic services supported by a specialized global fleet of vessels, serving energy and survey companies.
• Westcon Hexacage Technology for industrial production in closed steel cages, setting a new standard for closed-containment aquaculture at sea.
• Inspectio Digital inspection platform that makes EX field work, documentation, and maintenance faster, easier, and more accurate for offshore, maritime, and industrial operations. Provides structured inspection projects through smart, data-driven checklists.
• Westcon Helgeland Modern facility for ship repair, rig maintenance, and specialized steel and subsea fabrication in Helgeland, Norway.
• Westcon Design Polen Maritime design and engineering environment developing vessels and offshore structures from concept to solution.
• Olvondo Technology High-temperature heat pumps that recover waste heat and deliver green, efficient process heating using proprietary Very High Temperature Heat Pump (VHTHP) technology based on reverse Stirling process, with over 50,000 operational hours from commercial services.
• InApril Innovative seabed seismic solutions with automated OBN (Ocean Bottom Node) systems for faster and safer data acquisition. Westcon holds approximately 18% ownership stake.
• Agility Subsea Quality supplier of subsea manifolds and offshore structures with global delivery experience.
• Swarfix WCT (Well Cleaning Tool) Patented well cleaning tool that captures, stores, and secures all swarf (shavings) downhole in offshore and onshore productions, leaving return flow above the tool completely swarf-free. Available in WCT 1338 and WCT 958 models.
• Landstrøm (Shore Power) Solutions Shore power solutions that reduce vessel and rig emissions during port stays by connecting to land-based electrical power, reducing fuel consumption and eliminating on-board generator use, thereby lowering CO₂ and NOx emissions.
• Battery System Solutions Advanced battery system installations for marine and offshore sectors, including hybrid propulsion systems, backup/emergency power, peak shaving, and fully electric propulsion systems, using Active Front End and IGBT-controlled converters.

Quantifiable outcome

• Shore power reduces fuel consumption, lowers maintenance costs, and reduces operating hours on critical equipment while decreasing CO₂ and NOx emissions significantly
• +4 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 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.

• InAprilcoreStrategic or Co-development Partner · 1 January 2015Westcon has participated in the development of next-generation seabed seismic nodes since 2015. InApril has driven the development of ocean bottom seismic nodes with focus on data treatment and operational logistics. Westcon owns approximately 18% of InApril. The technology enables large savings for seismic companies worldwide through automated OBN solutions.
• LOS GruppencoreStrategic or Co-development PartnerCo-owner of Olvondo Technology along with Westcon. Originally acquired Single-Phase Power assets in 2016 to establish Olvondo. Both Westcon and LOS Gruppen originated on the west coast of Norway and share common interest in green shift technologies.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Others

• MacGregor (Cargotec): Marine cargo, load handling and offshore solutions provider including cranes, winches and deck machinery; comparable to Westcon Løfteteknikk's marine lifting equipment business in serving shipyards and offshore vessel builders.
• Subsea7: Global subsea engineering, construction and services contractor with vessels offshore; comparable in subsea installation/services (Westcon Geo/Agility Subsea) and shares the same North Sea customer ecosystem.

Broad incumbents

• Kongsberg Maritime: Provider of maritime automation, electrification (hybrid/electric propulsion) and digital systems; competes with Westcon Power & Automation in battery/hybrid integration and with Inspectio in maritime digital solutions.
• Wärtsilä Marine: Global marine engine and integrated solutions provider; rivals Westcon Power & Automation in marine electrification, hybrid propulsion and lifecycle services for offshore and merchant vessels.
• Damen Shipyards: Dutch global shipbuilding group with yards worldwide producing workboats, offshore support and naval vessels; competes with Westcon Yards in specialized offshore and naval shipbuilding, conversion and repair.
• Aker Solutions: Norwegian-listed provider of engineering, procurement and construction services for offshore oil & gas and offshore wind; competes with Westcon Yards and Westcon Power & Automation in North Sea rig and vessel projects and shares the same home-market customer base.
• VARD (Fincantieri): One of the largest global shipbuilders of offshore and specialized vessels, with Norwegian yards (Aukra, Brattvaag, Langsten, Søvik); directly comparable to Westcon Yards in shipbuilding and offshore vessel construction.

Direct peers

• Huisman Equipment: Dutch designer and manufacturer of heavy-lift cranes, offshore subsea construction equipment and marine lifting gear; most directly comparable to Westcon Løfteteknikk's cranes-and-lifting business serving offshore and maritime customers.
• Ulstein Group: Norwegian shipyard group and ship design house specializing in offshore vessels (anchor handling, wind farm service, offshore wind) with yards at Ulstein and Brevik; competing directly with Westcon Yards for North Sea offshore newbuilding and conversion work.
• Kleven Maritime: Norwegian shipbuilder (now part of Green Yard Kleven) operating yards at Ulsteinvik and Myklebust, building and servicing offshore and wind-service vessels; directly overlaps with Westcon Yards' Norwegian shipbuilding and rig conversion offering.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries12 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 Westcon Group