Nymo
- Company typePrivate
- Founded1946
- HeadquartersGrimstad, Norway
- Headcount251–500
- GTM typeB2B
- OfferingServices
What Nymo does
Nymo (legal name AS Nymo) is a privately held Norwegian engineering, procurement, construction and installation (EPCI) contractor founded in 1946 in Grimstad and owned by the Ugland family through J.J. Ugland Companies since 1956. The company designs and fabricates offshore modules (topside, drilling, process and accommodation), subsea structures (manifolds, wellhead frames, seabed separation units, prefabricated pipe connections), gas turbine accessories (filter houses, exhaust systems, silencers, ventilation and anti-ice systems), and plug-and-abandonment services for oil & gas operators. It also delivers dedicated engineering services (studies, FEED, detailed design and project execution) through a 60-person in-house engineering team, supported by a Digital Project Execution Model built on Tekla Structures, AVEVA E3D, database integration and digital twin delivery, plus cobot welding and CNC equipment at its fabrication facilities.
Nymo operates from three Norwegian locations with direct deep-water seaway access — Grimstad/Vikkilen (headquarters and main fabrication yard), Eydehavn/Arendal (large module and rig assembly) and Fjære (specialized stainless-steel gas turbine workshop) — and runs an enterprise field-sales GTM serving major operators (Equinor, Aker BP, Neptune Energy, Reliance, E.ON) directly and through tier-1 EPC intermediaries (Aker Solutions, TechnipFMC, Baker Hughes, NOV). Revenue is project-based EPCI with multi-year contract cadence (e.g., Johan Sverdrup 3,300-tonne drilling module; Valhall PWP-Fenris with over Nkr 1.5bn of local goods and services; OCTP Ghana with 18 subsea structures). The company maintains ISO 9001, 14001, 45001, 50001, ISO 3834-2 and EN 1090-2 certifications, employs more than 300 people (peaking at 800+ on Valhall PWP-Fenris), and is diversifying into offshore wind (Ocean Ventus, majority-owned since 2022), green hydrogen (HydePoint shareholder and industrial partner since May 2026) and aquaculture (exclusive fabrication partner for Fishglobe Technologies' closed fish-farming Globes, with co-ownership of Havbrukskompaniet AS since December 2025).
Nymo firmographics
Firmographics- Name
- Nymo
- Legal name
- AS Nymo
- Website
- https://nymo.no
- Company type
- Private
- Founded year
- 1946
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Ownership category
- akta.pro rank
Where Nymo is headquartered
LocationHeadquarters
- HQ city
- Grimstad
- HQ country
- Norway
- HQ region
- Europe
Offices3 records
Markets served
Nymo business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Supply Chain, Marketing or Sales
Revenue model
- EPC Project Contracts: Full Engineering, Procurement, Construction, and Installation (EPCI) contracts for offshore modules, subsea structures, and gas turbine accessories. Projects include topside modules, subsea manifolds, drilling packages, and process modules. Revenue is project-based with delivery timelines spanning 1-3 years.
- Gas Turbine Accessories: Studies, engineering, construction, and offshore installation of optimized accessories for gas turbines, compressors and generators. Includes engineering services and specialized retrofit installation projects.
- Engineering Services: Studies, FEED, detailed design, and project execution services provided across diverse markets. Dedicated team of 60 skilled employees delivering engineering as a service.
- Aquaculture Manufacturing: Exclusive fabrication partner for series production of Fishglobe Technologies' closed fish farming systems (Globes). Establishing capacity for large-scale deliveries at Eydehavn facility.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Project-based EPC contracts for offshore modules and structures |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels6 records
Nymo product offering
Product offeringCore offering
Nymo delivers engineering, procurement, construction and installation (EPCI) of heavy offshore modules and structures — including topside modules, drilling modules, subsea structures/manifolds, and plug-and-abandonment services — for oil & gas operators and tier-1 EPC contractors. It also engineers and fabricates gas turbine accessories (filter houses, ventilation, exhaust, silencers, anti-ice systems, noise panels), provides engineering services (studies, FEED, detailed design, project execution), and is extending its fabrication capacity into floating wind (Ocean Ventus), offshore green hydrogen (HydePoint), and closed-cage aquaculture systems (Fishglobe Technologies).
Product overview
Nymo is a full-service engineering, procurement, construction and installation (EPCI) company offering a portfolio of modular products and specialized services primarily for the oil & gas industry, with expanding activities in green energy transition. Its core product portfolio comprises: Topside Modules (including process packages and drilling modules), Subsea Structures (manifolds, wellhead frames, seabed units), Plug and Abandonment services, and Gas Turbine Accessories (filter houses, exhaust systems, silencers, ventilation). These are supported by Engineering Services (studies, FEED, detailed design, project execution) and a Digital Project Execution Model (digital twin, 3D modeling, client integration). Nymo also operates sub-brands in green transition markets: Offshore Wind via Ocean Ventus, Offshore Hydrogen Storage via the Hardanger Subsea Hydrogen Storage Project, and Aquaculture via the Fishglobe Technologies 'Globes' closed fish farming system partnership. The company recently expanded into green hydrogen via the HydePoint industrial partnership.
Differentiator
Problem solved
Functional benefit
Brands
- Ocean Ventus: A company established to develop and commercialize proprietary low-cost solution for floating wind turbines. Majority owned by Nymo (established 2022).
- Glober (Fishglobe Technologies)
Products and services
- Topside Modules EPC(I) topside module fabrication for fixed platforms, floating drilling vessels and FPSOs, including process packages, fabrication, MC and testing, load-out, transportation and offshore installation support. For oil & gas operators and tier-1 EPC contractors.
- Subsea Structures Complete EPC project execution for subsea structures including manifolds, wellhead frames, injection frames, seabed separation and compression units, prefabricated pipe branch connections, platform tie-in pipelines and risers. For oil & gas operators and EPC contractors.
- Drilling Modules Design and fabrication of offshore drilling packages including drilling deck, sub-structure, derrick (Drilling Equipment Set) and associated modules for fixed platforms, semi-submersibles and drilling rigs. For oil & gas operators and EPC contractors.
- Plug and Abandonment (P&A) Services Well plugging and abandonment services involving placement of plugs inside wellbores to prevent hydrocarbon or fluid flow, protecting the environment and surrounding reservoirs. For oil & gas operators.
- Gas Turbine Accessories Engineering, procurement, construction and offshore installation of optimized accessories for gas turbines, compressors and generators, including filter houses, ventilation systems, anti-ice systems, exhaust systems, silencers and enclosure noise panels. Includes FEA, CFD, vibrations, noise, heat, structures and process calculations plus HAZID/HAZOP analyses. For gas turbine operators, OEMs and engineering firms.
- Engineering Services Engineering studies, FEED, detailed design and project execution services across topside modules, subsea modules, gas turbine accessories and advanced structures across oil & gas and other markets. Delivered by an in-house team of 60 skilled engineers.
Quantifiable outcome
- Delivered Johan Sverdrup drilling module (3,300 tonnes) on time and according to quality requirements with positive feedback from Equinor and Aibel.
- +3 more outcomes
Companies that use Nymo
Customer profileNamed customers7 records
Segments4 records
Ideal customer profiles3 records
Nymo technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Nymo partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core, supporting and major.
- HydePointcoreNymo joined as new shareholder and industrial partner alongside Moreld, Kongsberg Maritime, Vergia/Swiss Life Asset Managers and CIFO Management. The partnership will standardize and industrialize complete HydePoint building blocks for floating and offshore green hydrogen production. A Norwegian industrial cluster spanning Rogaland and Agder taking position in the global renewable energy value chain. Nymo contributes engineering, procurement, supply chain, fabrication and industrial project execution.
- Fishglobe TechnologiescoreStrategic partnership for industrialized production of closed fish farming systems (Globes). Nymo becomes exclusive fabrication partner for series production and is establishing capacity at Eydehavn in Arendal. Nymo is co-owner of Fishglobe Technologies' parent company (Havbrukskompaniet AS), underscoring commitment to closed solutions as future of aquaculture. Technology provides improved fish welfare, controlled environmental management, and reduced external impact.
- Ocean VentuscoreOcean Ventus established in 2022 to develop and commercialize proprietary low-cost solution for floating wind turbines, addressing need for environmentally friendly power generation on industrial scale. Majority owned by Nymo. Part of Nymo's strategy for green energy transition.
- GT PerformancesupportingPartnership with GT Performance, a specialist in high-performance gas turbine systems. Focus on air filtration and water wash systems for gas turbine performance optimization. Partnership enhances Nymo's gas turbine accessories offerings.
- CiTECH (CiBAS)supportingEstablished collaborative agreement with CiTECH, a leader in advanced engineering solutions. CiTECH designs, engineers and supplies Waste Heat Recovery equipment (CiBAS - Concentric Integral Bypass & Silencing) to Oil & Gas, Power Generation, Petrochemical and Process industries worldwide. Partnership provides unrivalled total solutions for gas turbine heat recovery.
- Aker SolutionsmajorNymo works as contractor for Aker Solutions on Valhall PWP-Fenris project. Aker Solutions awarded bridge construction contract to Nymo. Major projects including Johan Sverdrup delivered in partnership with Aibel and Equinor.
- TechnipFMCmajorFenja subsea project delivered to TechnipFMC for end customer Neptune Energy. Fabricated 4 subsea structures (2 manifolds and 2 integrated template structures).
- National Oilwell Varco (NOV)majorLong-standing collaboration with NOV in Kristiansand for drilling module design and construction. Multiple successful projects including North Dragon, Island Innovator. Close collaboration with drilling equipment suppliers has developed Nymo into a technology company with special expertise in design and construction of drilling facilities.
- Baker HughesmajorOCTP Ghana project - Delivered 18 subsea structures to Baker Hughes, a GE Oil and Gas Company, for end customer ENI.
- GCE NODEsupportingNymo is part of NODE cluster, a world leading cluster in mechatronics. GCE NODE is a business cluster of more than 50 companies within oil and gas sector in southern Norway. NODE has been awarded distinction of being a Norwegian Global Centre of Expertise.
- Hardanger Subsea Hydrogen Storage ProjectsupportingNymo is addressing the offshore hydrogen segment as a project partner in the Hardanger Subsea Hydrogen Storage Project, which has received a grant from the Green Platform scheme.
- EDRMedesosupportingProvider of Tekla Structures software for 3D modeling and detailing at Nymo. Also provides support, training, and consulting services for these tools.
- iTec ASsupportingSupplier of advanced plate cutting and beam cutting machines (OmniMat Messer, HGG Group BV). Equipment enables efficient cutting, beveling, drilling and threading.
Scale indicators7 records
Recent moves5 records
Expansion highlights6 records
Nymo competitors and assessment
Company assessmentDirect peers
- Aibel: Norwegian offshore platform EPC and modification contractor. Highly comparable to Nymo on Johan Sverdrup (Nymo delivered the drilling deck, Aibel delivered the drilling platform) and across NCS topside module and platform upgrade work.
- Baker Hughes: Subsea production systems and oilfield equipment manufacturer. Nymo delivered 18 subsea structures for OCTP Ghana to Baker Hughes; comparable scope in subsea structures, manifolds and wellhead equipment for offshore field developments.
- TechnipFMC: Global subsea and offshore EPC major. Nymo delivered subsea structures (Fenja manifolds/templates) to TechnipFMC for Neptune Energy; both firms operate in subsea hardware fabrication and integrated EPCI.
- Aker Solutions: Largest Norwegian offshore EPC contractor. Directly comparable as a Norwegian topside, subsea and module EPCI peer serving Equinor, Aker BP and other NCS operators; Aker Solutions is also Nymo's customer/contractor counterpart on Valhall PWP-Fenris.
- National Oilwell Varco (NOV): Long-standing Nymo collaboration partner in Kristiansand for drilling modules (North Dragon, Island Innovator, Stena Don). Both firms design and fabricate drilling equipment sets and modules for fixed platforms, semi-submersibles and drilling rigs.
Others
- Subsea 7: Global subsea construction, SURF and inspection/maintenance/repair services major. Comparable to Nymo's subsea structures fabrication business (manifolds, wellhead frames, seabed separation units) though Subsea 7 operates vessel-led installation at much larger scale.
Broad incumbents
- Saipem: Italian-headquartered offshore EPCI contractor with global FPSO, subsea and platform execution capabilities. Comparable to Nymo on FPSO module work (e.g., APL/NOV K6D6 RUBY FPSO scope) and offshore platform fabrication, though at substantially larger scale.
- Sembcorp Marine: Singapore-based offshore and marine engineering, fabrication and shipyard group. Comparable to Nymo on offshore module fabrication, drilling rig upgrades and FPSO module assembly, particularly for projects sourced from the Asia-Pacific region.
- Worley: Global energy, chemicals and resources project services and EPC contractor. Comparable as a tier-1 contractor executing offshore topside and module projects alongside operators, overlapping with Nymo's EPC scope on the Norwegian Continental Shelf.
- McDermott International: International offshore EPC, subsea and pipeline construction company. Comparable to Nymo on topside modules and subsea structures, particularly for international and deepwater field developments; operates at substantially larger scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Nymo social profiles
Digital presenceNymo compliance and trust
Trust signalCompliance6 records
Nymo financial estimates
Financial estimateRevenue estimate
Valuation estimate
Nymo leadership team
Management profileNumber of profiles
Profiles8 records
Nymo subsidiaries and ownership
Company hierarchySubsidiaries2 records
Nymo funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Nymo M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Nymo
What does Nymo do?
Nymo delivers engineering, procurement, construction and installation (EPCI) of heavy offshore modules and structures — including topside modules, drilling modules, subsea structures/manifolds, and plug-and-abandonment services — for oil & gas operators and tier-1 EPC contractors. It also engineers and fabricates gas turbine accessories (filter houses, ventilation, exhaust, silencers, anti-ice systems, noise panels), provides engineering services (studies, FEED, detailed design, project execution), and is extending its fabrication capacity into floating wind (Ocean Ventus), offshore green hydrogen (HydePoint), and closed-cage aquaculture systems (Fishglobe Technologies).
Is Nymo a public or private company?
Nymo is a private company. It is classified as family owned and is currently operating.
When was Nymo founded?
Nymo was founded in 1946. It employs 251 to 500 people.
Where is Nymo based?
Nymo is headquartered in Grimstad, Norway, in the Europe region.
How does Nymo make money?
Four revenue lines are on record. EPC Project Contracts are the primary driver. The others are gas Turbine Accessories, engineering Services and aquaculture Manufacturing.
Who are Nymo's main competitors?
Direct peers on record are Aibel, Baker Hughes, TechnipFMC, Aker Solutions and National Oilwell Varco (NOV). Subsea 7 is listed as an others. Broad incumbents are Saipem, Sembcorp Marine, Worley and McDermott International.
Does Nymo have an API?
No public API is recorded for Nymo.