Elmarin

What Elmarin does

Elmarin (legally registered as Frydenbø Maritime) is a Norwegian electrotechnical services company founded in 1995 and headquartered in Kristiansund, Norway. It operates as a dedicated division within the Frydenbø Maritime group alongside the Forward and Yards divisions, and provides electrical engineering, hybrid propulsion, ship electronics, and automation services to Norwegian maritime operators, with primary exposure to fishing fleets and secondary exposure to aquaculture, offshore, and shipyard customers.

The company's technical offering is built around proprietary platforms, including the VAR-G, REM, and Dual Drive Hybrid System hybrid-propulsion lines, alongside NOx exhaust cleaning systems, peak-shaving / energy-management solutions, and an in-house custom switchboard workshop. It also distributes and integrates engines from FPT Industrial, ABC, Deutz, and Lister Petter, giving it a multi-brand integration model rather than dependence on a single OEM. Customer delivery combines project-based design and installation with recurring service and maintenance work over vessel operational lifecycles.

Elmarin generates revenue through B2B project contracts, equipment distribution and integration, and recurring after-sales service, supported by a four-office national footprint (Kristiansund, Bergen, Oslo, Ålesund) that covers Norway's principal maritime hubs. The company is privately held, with leadership including Geir Gustad (CEO & Co-Founder) and Jan Knudsen (Service Manager & Co-Founder). No external funding rounds, M&A activity, international expansion, or disclosed financial figures are noted in the source material.

Name

Elmarin

Legal name

Frydenbø Maritime

Website

https://elmarin.no

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

51–100 employees

Short description

Elmarin is a Norwegian electrotechnical services firm delivering hybrid propulsion, ship electronics, and emission-reduction systems to fishing, aquaculture, and offshore vessel operators from four coastal offices.

Ownership category

akta.pro rank

Product category

Maritime Propulsion Systems

NAICS

Engine, Turbine, and Power Transmission Equipment Manufacturing (3336), Switchgear and Switchboard Apparatus Manufacturing (335313), Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (334511), Ship Building and Repairing (336611)

SIC

Switchgear & Switchboard Apparatus (3613), Engines & Turbines (3510), Industrial Instruments For Measurement, Display, And Control (3823), Electrical Industrial Apparatus (3620)

akta.pro primary industry

Marine Hybrid & Electric Propulsion Systems (IMAJAHAC)

Keywords

• Maritime hybrid propulsion
• Vessel electrical systems
• Ship automation systems
• Marine electronics
• Maritime engineering services

Headquarters

HQ city

Kristiansund

HQ country

Norway

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Hybrid and Electric Propulsion Systems: Sale of complete hybrid and electric propulsion systems for maritime vessels, customized for each vessel's specific requirements
2. Service and Maintenance: Preventive service, maintenance, and repair services for maritime propulsion systems and equipment
3. Maritime Electronics and Automation: Sale and installation of maritime automation and electronic systems
4. Switchboard Manufacturing: Custom switchboard manufacturing through workshop services

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Elmarin delivers complete hybrid and electric propulsion systems tailored for each vessel, along with maritime automation, maritime electronics, electrical and navigation systems, and custom switchboard manufacturing through its Tavleverksted workshop. The company also offers proprietary systems including VAR-G (electrical/navigation) and REM (remote monitoring and management) for maritime applications.

Product overview

Frydenbø Elmarin delivers complete hybrid and electric propulsion systems tailored for each vessel, offering maritime electrical systems, automation, and electronics. The portfolio is organized across multiple divisions: Elmarin (hybrid/electric propulsion, maritime automation, electronics, navigation, VAR-G, REM monitoring, panel workshop) and Frydenbø Forward (propulsion engines, generators, proprietary solutions including Dual Drive Hybrid System, NOx exhaust systems, Dyno motor brake, and peak shaving). Frydenbø Yards provides supporting yard services. Elmarin serves as the core electric/hybrid propulsion and maritime systems division, while Forward handles traditional and hybrid power systems, engines, and generators. Brands distributed include FPT Industrial, ABC, Deutz, and Lister Petter.

Differentiator

Problem solved

Functional benefit

Products and services

• Hybride systemer (Hybrid Systems)
• Maritim automasjon (Maritime Automation) Maritime automation solutions for vessel control and monitoring systems.
• Maritim elektronikk (Maritime Electronics) Maritime electronic systems and components for vessel operations.
• Tavleverksted (Switchboard Workshop) Custom electrical control panel manufacturing, assembly, and maintenance services through an in-house workshop.
• Maritim elektro og navigasjon (Maritime Electrical and Navigation) Complete maritime electrical and navigation systems for vessels.
• VAR-G Proprietary VAR-G product line for maritime electrical and navigation systems.
• REM - system Proprietary REM remote monitoring and management system for maritime vessels.

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Four partnerships are on record, tiered core.

• FPT IndustrialcoreChannel Partner/ Reseller/ DistributorEngine brand distributed and serviced by Frydenbø Forward; provides propulsion engines up to 1000kW and over 1000kW for maritime applications
• ABC (motors)coreChannel Partner/ Reseller/ DistributorEngine brand in the product portfolio for maritime propulsion and industrial applications
• DeutzcoreChannel Partner/ Reseller/ DistributorGerman engine manufacturer brand distributed and serviced; provides industrial and marine engines
• Lister PettercoreChannel Partner/ Reseller/ DistributorEngine brand in portfolio providing marine and industrial power solutions

Scale indicators1 record

Recent moves5 records

Expansion highlights4 records

Direct peers

• Kongsberg Maritime: Norwegian-headquartered provider of ship automation, hybrid/electric propulsion, and integrated vessel electrical systems. Most directly comparable peer: same Norwegian maritime cluster, same hybrid/electric and automation product categories as Elmarin, but at vastly larger scale and with global reach.
• VETUS: Dutch manufacturer of marine engines, electric propulsion, bow thrusters, and onboard electrical/automation systems. Comparable to Elmarin's hybrid/electric propulsion and switchboard products, primarily for smaller commercial and recreational vessels in European markets.
• Brunvoll: Norwegian manufacturer of marine propulsion (thrusters, propulsion control) with strong hybrid/electric capability for offshore and fishing vessels. Comparable because it serves the same Norwegian maritime customers with electric/hybrid propulsion and control systems, though with a narrower thruster focus.
• Steyr Motors: Austrian manufacturer of marine diesel engines and hybrid propulsion systems for naval, commercial, and special-purpose vessels. Directly comparable to Elmarin's hybrid propulsion and engine distribution business, including service and integration work.
• Servogear: Norwegian supplier of marine gears, hybrid propulsors, and Ecoflow/PROP solutions for offshore and naval vessels. Directly comparable: hybrid marine propulsion and gears for the same Norwegian and Northern European vessel segments Elmarin serves.
• Callenberg Technology: Norwegian designer/integrator of electrical power, automation, and hybrid propulsion systems for marine and offshore. Closely comparable to Elmarin's VAR-G-style electrical integration, hybrid propulsion, and maritime automation portfolio, serving similar vessel types.

Emerging players

• Torqeedo: German specialist in electric and hybrid marine propulsion systems (outboards, inboards, saildrives). Comparable in the electric/hybrid propulsion category, though Torqeedo focuses on smaller vessels and offers a defined product line, while Elmarin does custom integration.
• Corvus Energy: Canadian/Norwegian specialist in marine battery energy storage systems for hybrid and fully electric vessels. Comparable because it is a key enabler of the same hybrid/electric ship market Elmarin serves, often deployed alongside Elmarin's switchboards and REM monitoring.

Broad incumbents

• ABB Marine & Ports: Global major supplying marine electrical propulsion, power distribution, switchboards, and automation to shipyards and shipowners. Overlaps directly with Elmarin's hybrid/electric propulsion, switchboard, and automation offering, but at global scale across all vessel segments.
• Wärtsilä: One of the world's largest marine technology groups, with hybrid/electric propulsion modules, engines, and ship electrical systems. Comparable product overlap to Elmarin in hybrid propulsion and vessel electrification, but with global service and much larger R&D resources.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Elmarin6507
• LinkedInlinkedin.com/company/elmarin-as

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries3 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 Elmarin