Folla Maritime Service

What Folla Maritime Service does

Folla Maritime Service AS, now operating as Damen Folla following the April 2025 acquisition of a 55% majority stake by Dutch shipbuilding conglomerate Damen Shipyards Group, is a Norwegian custom shipbuilder founded in 1994 and headquartered at the Storlavika Industriområde yard in Flatanger, Norway. The company designs and builds aluminium workboats, catamarans, and personnel/passenger vessels under proprietary series names (FollaPower, FollaCat, FollaWork, FollaNova, FollaTerrier, FollaSpeed), ranging from 7.99m personnel boats to 15m workboats, with hybrid and fully electric propulsion options developed in collaboration with external naval architects (Marin Design, Møre Maritime, Innovation AS). Its primary customer base is the Norwegian salmon and trout aquaculture industry, where it serves both enterprise operators (Nova Sea, Cermaq, Salmar, Salaks, Refsnes Laks, Lovundlaks) and mid-market family-owned farms along the Norwegian coast from Finnmark to Nordland.

The company's revenue model is anchored by one-time newbuild vessel sales priced on a quote basis per specification (single vessels reported in the NOK 8–15M range), supplemented by professional service revenue from its 2,300 m² yard's slipway, maintenance, repair, upgrade, and hybrid/electric retrofit capabilities (495-ton boat hoist), and a smaller transaction-fee stream from used-vessel brokerage. Go-to-market is sales-led and enterprise-field-sales in nature: dedicated sales staff (Sales & Marketing Manager Stig Rune Nørbech, Sales Manager Newbuild Camilla Kvaløsæter) manage direct customer relationships through on-site visits, test drives, and Aqua Nor trade show presence, with multi-year frame agreements (Nova Sea since 2022) providing pipeline visibility. The April 2025 Damen partnership adds international distribution for larger steel vessels in addition to the existing Norwegian aluminium portfolio, and a first joint product — the AQSV 2813 hybrid aquaculture service vessel concept — was previewed at the August 2025 Aqua Nor launch of the Damen Folla brand.

Production is entirely concentrated at the Storlavika yard, which underwent a NOK 100M expansion completed in 2022 (2,300 m² production/service facility, 1,500 m² production hall, 495-ton hoist). FY2024 revenue was approximately NOK 121M (tripling from NOK 38M in 2021), with a workforce of approximately 40 employees — itself a doubling from 2021 levels — and a cumulative build count exceeding 100 vessels since founding.

Name

Folla Maritime Service

Legal name

Folla Maritime Service AS

Website

https://follamaritime.no

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

11–50 employees

Short description

Folla Maritime Service (now Damen Folla) is a Norwegian custom shipbuilder founded in 1994 that designs and builds aluminium workboats, catamarans, and personnel vessels — predominantly with hybrid and electric propulsion — for the Norwegian salmon and trout aquaculture industry from its Flatanger yard.

Ownership category

akta.pro rank

Product category

Marine Vessel Manufacturing

NAICS

Ship Building and Repairing (336611), Boat Building (336612)

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Aquaculture & Fish-Farm Service Vessels (Feed, Wellboats, Harvest Support) (IMAJADAF)

akta.pro secondary industries

Commercial Ship Repair & Drydocking (TLAKAKAA), Retrofits & Modernization (Scrubbers, Ballast Water, Alternative Fuels, Energy-Saving Devices) (IMAJAFAH)

Keywords

• Aluminium workboat construction
• Aquaculture vessel manufacturing
• Hybrid electric propulsion
• Marine vessel repair services
• Used vessel brokerage

Headquarters

HQ city

Flatåker

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Newbuild Vessel Sales: Custom-built aluminium workboats, catamarans, and personnel vessels sold directly to aquaculture operators. Vessels range from 7.99m to 15m. Revenue recognized upon vessel delivery. Primary revenue driver.
2. Service, Repair & Retrofit: Slipway, maintenance, repair, upgrades, engine replacements, crane installations, and refits for vessels. Includes hybrid/electric retrofits. Performed at the company's modern facilities in Storlavika, Flatanger with 495-ton boat hoist.
3. Used Vessel Brokerage: Brokerage and brokering of used vessels for the aquaculture industry, facilitated through a dedicated broker (Espen Strand). Used boats from fleet renewals are also facilitated through the company's megling division.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

Folla Maritime Service designs and builds custom aluminium workboats, catamarans, and personnel vessels (7.99m–15m) for Norwegian aquaculture operators, with hybrid, diesel-electric, and fully electric propulsion variants across the FollaPower, FollaCat, FollaWork, FollaNova, FollaTerrier, FollaSpeed, and FollaExpress series. In addition to newbuild sales, the company operates a service yard with a 495-ton boat hoist for repairs, maintenance, retrofits, and engine replacements, and runs a used vessel brokerage for the aquaculture industry. All production is carried out at the Flatanger facility on the Norwegian coast.

Product overview

Folla Maritime Service (rebranded as Damen Folla in 2025) is a Norwegian shipbuilder that projects and produces various types of vessels for the aquaculture industry. The company operates a production facility in Flatanger with a 2,300m² modern plant including a 1,500m² production hall and boat lift for vessels up to 495 tons. Their vessel portfolio includes: the FollaCat series (catamaran work vessels in 50, 45, and 15 sizes) available with diesel-mechanical, diesel-electric, or fully electric propulsion; the FollaPower and FollaWork series (single-hull work vessels from 35 to 50 feet) with hybrid or fully electric options; the FollaNova series (passenger vessels from 32 to 43 feet) with fast craft capabilities; and the FollaTerrier (compact personnel vessels under 8 meters). In 2025, the company formed a joint venture with Damen Shipyards Group, gaining 55% ownership by Damen, enabling expanded offerings including larger steel vessels. Beyond newbuild, the company provides slip and workshop services including repairs, upgrades, and engine replacements, as well as used vessel brokerage for the aquaculture industry. All production occurs in Norway at their Flatanger facility, with models ranging from 26 to 50 feet.

Differentiator

Problem solved

Functional benefit

Brands

• Damen Folla: Current trading name following partnership with Damen Shipyards Group in 2025. Formerly Folla Maritime Service.
• FollaPower
• FollaCat
• FollaWork
• FollaNova
• FollaTerrier
• FollaSpeed
• FollaExpress
• Aquaculture Service Vessel (AQSV) 2813

Products and services

• FollaCat 50

Quantifiable outcome

• Vega Sjøfarm estimates ~120 tonnes CO₂ saved annually per FollaPower 50 EL hybrid vessel compared to conventional diesel operation
• +2 more outcomes

Named customers12 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators6 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Havyard Group ASA: Larger Norwegian shipbuilding group building offshore service vessels, fishing vessels, and aquaculture vessels through its Havyard Ship Technology subsidiary. Competes in the Norwegian aquaculture service vessel space but operates across a broader maritime portfolio.
• Damen Shipyards Group: Majority owner of Folla since April 2025 and global shipbuilder with dedicated aquaculture vessel offerings. Functions as both parent and an adjacent manufacturer of larger steel aquaculture vessels that Folla now complements.
• Båtservice Holding AS: Norwegian shipyard group combining vessel construction (Båtservice Construction), ship repair, and marine logistics. Overlaps with Folla in ship repair, maintenance, and refit of aquaculture vessels along the Norwegian coast.

Others

• Corvus Energy: Supplier of the Corvus Orca battery systems used in FollaPower 42 EL and other Folla hybrid/electric vessels. Enabling technology peer whose product roadmap directly shapes Folla's zero-emission vessel capability.
• Siemens Energy (Marine Solutions): Supplier of the 2x180kW Siemens electric motors and drivetrain components integrated into FollaPower vessels. Critical enabling peer for Folla's electric propulsion differentiation.

Direct peers

• Sletta Verft AS: Norwegian shipyard (Kvitsøy) building small commercial vessels including workboats and specialized craft for the fisheries and aquaculture sectors. Comparable custom-built aluminium vessel offering to the Norwegian coastal market.
• Maritime Partner AS: Norwegian builder of aluminium workboats and catamarans for aquaculture, harbour, and offshore use. Direct product overlap with FollaCat and FollaPower lines and similar focus on hybrid/electric propulsion for fish-farming operators.
• Aas Mek Verksted AS: Established Norwegian shipyard building service vessels, fishing vessels, and smaller commercial craft. Direct overlap in custom newbuild and repair/retrofit services for aquaculture-adjacent operators.
• Moen Marin AS: Norwegian aluminium workboat builder serving the aquaculture, fishing, and offshore markets. Closest direct competitor to Folla Maritime, with overlapping catamaran and monohull workboat portfolios targeting the same Norwegian salmon farm customers.

Regional players

• Myklebust Verft AS: Norwegian shipyard on the west coast building and repairing fishing vessels, offshore vessels, and aquaculture service craft. Competes regionally for the same west-coast aquaculture operators that Folla serves.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/follamaritime
• LinkedInlinkedin.com/company/folla-maritime-service-as

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries1 record

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 Folla Maritime Service