Maagan

What Maagan does

Maagan Marine & Diving Works Ltd. is an Israeli marine and civil engineering company headquartered in Haifa, founded in 1987 by Nissim Ben David (Benda) and Avi Aish. The company provides integrated marine services across five lines: services and maintenance, marine works and civil engineering, diving works and salvage, environmental preservation (including oil spill response), and dredging and excavation. Its customer base is concentrated in Israeli government and quasi-governmental entities — including the Israel Ports Company, Haifa Port, Ashdod Port, the Ministry of Defense, and Israel Electric Corporation — with additional commercial work for energy companies (Noble Energy), shipping lines (MSC), and foreign naval clients (U.S. Sixth Fleet). Maagan has also expanded its geographic footprint into Cyprus in the Eastern Mediterranean and has diversified into onshore urban renewal through a related Ocean Urban Renewal subsidiary.

The company operates one of the most comprehensive specialized marine equipment fleets in Israel, including nine tug boats (250–1,800 HP), three dedicated Clean Sea oil spill response vessels, two 100-ton floating cranes (David and Shimshon), self-elevating platforms, diesel and vibro hammers, decompression chambers, dredgers, and IMCA-standard diving equipment. It maintains ISO 9001, ISO 14001, ABS, and DNV certifications and is a registered contractor with Israel's Contractors Registry. Maagan acts as a retainer contractor providing year-round maintenance, emergency response, and environmental services under long-term contracts, supplemented by project-based marine construction and professional services engagements.

Maagan employs 60+ professional staff including engineers, certified commercial divers, construction workers, and heavy equipment operators, supplemented by approximately 20 external consultants. Its revenue model combines recurring retainer contracts (a subscription-like arrangement with anchor clients) with project-based marine construction work and professional services. The company acquired Ogen Company in 1991 to consolidate its domestic market position, and remains privately held by its founders. Financial details are not publicly disclosed.

Name

Maagan

Legal name

Maagan Marine & Diving Works Ltd. (מעגן עבודות ימיות וצלילה בע"מ)

Website

https://maagan-marine.com

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

51–100 employees

Short description

Maagan Marine & Diving Works Ltd. is Israel's largest specialized marine and civil engineering firm, providing dredging, diving, salvage, and oil spill response services to government ports, defense agencies, and energy companies under long-term retainer contracts.

Ownership category

akta.pro rank

Product category

Marine Engineering Services

NAICS

Support Activities for Water Transportation (4883), Ship Building and Repairing (336611), Port and Harbor Operations (488310)

SIC

Ship & Boat Building & Repairing (3730), Water, Sewer, Pipeline, Comm & Power Line Construction (1623)

akta.pro primary industry

Port & Harbor Construction (Quays, Wharves, Berths) (IMAFAJAA)

akta.pro secondary industries

Dredging & Channel Deepening (Capital & Maintenance) (IMAFAJAB), Port Rehabilitation, Maintenance & Asset Renewal (Repairs, Strengthening) (IMAFAJAL), Underwater Inspection, Maintenance & Repair (UWILD, Diving/ROV, In-water Cleaning) (IMAJAFAJ), Pollution Response & Environmental Salvage (Oil Spill, HAZMAT) (IMAJANAF)

Keywords

• Marine engineering services
• Underwater diving works
• Marine dredging excavation
• Oil spill response
• Port construction services

Headquarters

HQ city

Haifa

HQ country

Israel

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales

Revenue model

1. Marine Construction Projects: Project-based revenue from port building, piers, breakwaters, sheet pile walls, and civil engineering construction works
2. Retainer Contracts: Long-term retainer contracts with government and commercial entities for ongoing maintenance, emergency repairs, and environmental preservation services
3. Diving and Salvage Services: Underwater services including pipe installation, welding, cutting, surveys, and salvage operations

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Maagan provides integrated marine and civil engineering services including port and pier construction, underwater diving and salvage works, dredging and land reclamation, oil spill response and environmental preservation, and ongoing maintenance of marine infrastructure. The company operates as a retainer contractor for government bodies and large commercial clients, delivering projects using its own fleet of vessels, floating cranes, tug boats, and certified diving teams.

Product overview

Maagan is Israel's largest marine works, civil engineering, diving works and services company, offering a comprehensive portfolio of integrated marine solutions. The company's core offerings span five main service areas: Services & Maintenance (port and marine infrastructure maintenance), Marine Works & Civil Engineering (port construction, breakwaters, piers), Diving Works & Salvage (underwater services, salvage operations), Environmental Preservation (oil spill response and prevention), and Dredging & Excavation (marine dredging and land reclamation). These services are supported by specialized equipment divisions providing vessels (tug boats, barges, oil spill response vessels), underwater works equipment (diving gear, imaging systems, cutting/welding tools), salvage equipment (floating cranes, lifting bags, pumps), environmental equipment (booms, skimmers, absorbents), and marine construction equipment (self-elevating platforms, cofferdams, pile driving hammers, vibro hammers). The company operates as both a service provider and equipment operator, with long-term retain contracts with major Israeli ports, energy companies, and government ministries.

Differentiator

Problem solved

Functional benefit

Products and services

• Services & Maintenance Comprehensive maintenance services for ports and marine infrastructure including concrete rehabilitation, mooring systems maintenance, bilge water removal, ship supply, marine towage, and general metal works. The company acts as retain contractor for government and private companies.
• Marine Works & Civil Engineering Full range of marine construction and civil engineering services including port building, piers rehabilitation, sheet pile walls, anchoring, breakwaters, floating pontoons, mooring systems, offshore pipe laying, slope protection, deep foundation piling, crane rails, beams and facilities, and desalination plants.
• Diving Works & Salvage Underwater services including installation, repair and maintenance of underwater pipes (water, fuel, gas), underwater cable installation, rock blasting, mining, local excavation, underwater welding and cutting, salvage operations, special underwater concrete casting, mooring systems design and maintenance, and underwater surveys with photography and videography.
• Environmental Preservation Marine pollution prevention and response services including oil spill removal and treatment, deployment of oil booms, skimmers and absorbents, bilge water removal, ship supply, crew boating, and various metal works. Operates specially designed vessels for oil spill response.
• Dredging & Excavation Marine dredging and excavation services ranging from small local projects (rivers, marinas, cooling basins) to massive open sea projects. Capabilities include marine charting and survey, dredging and land reclamation, slope protection, rivers and basins maintenance dredging, and portal channel maintenance.

Named customers9 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

Feature4 records

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Van Oord: Dutch marine contractor specializing in dredging, offshore wind, and oil & gas infrastructure. Directly comparable to Maagan's port construction, dredging, and offshore pipe-laying services but operating globally with a much larger owned fleet.
• DEME Group: Belgian global marine contractor offering dredging, marine construction, offshore energy, and environmental remediation services. Comparable for the same integrated marine services portfolio (dredging, port construction, environmental) that Maagan provides at a regional scale.
• Jan De Nul Group: Belgian family-owned marine contractor with dredging, marine construction, and offshore services. Comparable to Maagan's family-owned, integrated marine services model with a global fleet and similar service mix.
• Hyundai Engineering & Construction (Marine Division): Korean EPC major with marine and port construction capabilities. Comparable to Maagan for large-scale marine civil engineering and port infrastructure projects though operating at much larger scale as part of a global contractor portfolio.
• Boskalis Westminster: Dutch global dredging and maritime services contractor. Comparable to Maagan's dredging, port infrastructure, and marine salvage operations - functionally the international analog of what Maagan does domestically in Israel.

Direct peers

• Great Lakes Dredge & Dock: US-based dredging and marine construction services provider. Comparable to Maagan's dredging and port infrastructure construction business with a similar mid-size, services-focused operating model.
• Orion Marine Group: US marine construction services provider specializing in port, harbor, and marine infrastructure projects. Comparable to Maagan's marine civil engineering and diving services for port authorities and government clients.
• Manson Construction: US marine construction and dredging contractor with owned fleet of derricks, tugs, and dredges. Comparable to Maagan's owned-fleet marine construction, dredging, and salvage operations.
• Royal IHC: Dutch shipbuilder and marine equipment supplier providing dredging, offshore, and subsea solutions. Comparable to Maagan as a vertically integrated marine engineering company owning specialized vessels and equipment for dredging, salvage, and offshore construction.

Regional players

• National Marine Dredging Company (NMDC): UAE-based marine dredging and construction contractor serving Middle East markets. Comparable regional peer with shared market geography (Middle East) and similar port construction, dredging, and marine services focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/maaganmarine1

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Maagan