Egersund Group

Name

Egersund Group

Legal name

Egersund Group AS

Website

https://egersundgroup.no

Company type

Private

Founded year

1952

Operating status

Operating

Headcount range

501–1,000 employees

Ownership category

akta.pro rank

Product category

Commercial Fishing and Aquaculture Equipment

NAICS

Farm Machinery and Equipment Manufacturing (333111), Animal Production and Aquaculture (112)

SIC

Special Industry Machinery (No Metalworking Machinery) (3550)

akta.pro primary industry

Aquaculture Farm Services & Operations Support (net cleaning, diving, grading, harvesting) (AFAEAAAM)

akta.pro secondary industries

Underwater Inspection, Maintenance & Repair (UWILD, Diving/ROV, In-water Cleaning) (IMAJAFAJ), Pollution Response & Environmental Salvage (Oil Spill, HAZMAT) (IMAJANAF)

Keywords

• Commercial fishing equipment
• Aquaculture nets services
• Trawl manufacturing
• Oil spill recovery
• Marine safety gear

Headquarters

HQ city

Egersund

HQ country

Norway

HQ region

Europe

Offices17 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Fishing equipment sales and service: Sale and repair of trawling equipment, fishing nets, and related hardware to commercial fishing fleets worldwide. Includes complete trawl gear, trawl doors, wires, hardware, and mooring equipment. The group is one of the largest suppliers of trawling equipment globally.
2. Aquaculture equipment and nets: Manufacturing of fish farming nets and equipment, net cleaning, repairs, anti-fouling treatments, and service stations along the Norwegian coast. Includes products from subsidiaries and associates such as OK Marine (cleaner fish equipment), AS Fiskenett, and AKVA group.
3. Offshore and oil spill recovery: Production of equipment related to oil spill recovery. Companies include Egersund Markleen (oil spill technology, 51% owned), Egersund Trading (workwear, safety equipment, moorings, hardware), and Egersund Herøy (maritime and offshore industry deliveries).

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels2 records

Core offering

Egersund Group designs, manufactures, sells, and services trawling equipment, fish farming nets, and aquaculture equipment for commercial fishing fleets and the aquaculture industry worldwide. The group also produces equipment related to oil spill recovery for the offshore industry, supported by an extensive network of service stations along the Norwegian coast and international production facilities. Key product innovations include the Excluder 2.0 bycatch reduction device, the Gullklumpen 4.0 hydrostatic release mechanism, and the patented Flexi-Panel grading system.

Product overview

Egersund Group is a total supplier of trawling equipment, aquaculture nets and merchandise to the fishing fleet and aquaculture industry, also producing equipment related to oil spill recovery. The company operates as a multi-brand portfolio consisting of fishing equipment manufacturers (Egersund Trål, Egersund Trawl DK, Egersund Danmark, Egersund Herøy, Egersund Island, Greenline Fishing Gear), net and aquaculture specialists (Egersund Net, Meløy Notbøteri, AS Fiskenett, OK Marine, AKVA group, Emel Balik, Grading Systems), trading/supply (Egersund Trading), and offshore solutions. Key products include the Excluder 2.0 (bycatch reduction device) and Gullklumpen 4.0 (hydrostatic release for seine fishing). Founded in 1952, the group employs approximately 160 people and serves customers worldwide through its network of companies.

Differentiator

Problem solved

Functional benefit

Products and services

• Egersund Trål trawling equipment One of the largest global suppliers of trawling equipment to fishing fleets, offering complete trawl gear, trawl doors, wires, hardware, and mooring equipment designed and manufactured with a focus on quality across all stages.
• Egersund Net aquaculture nets and services Supplier of net technology, services, and equipment for the aquaculture industry, including fish farming nets, net cleaning, repairs, and anti-fouling treatments delivered through a network of service stations along the Norwegian coast and production in Lithuania and Egersund.
• Egersund Markleen oil spill recovery equipment Equipment and technology for oil spill recovery at sea, supplied through Markleen Group (51% owned by Egersund Group) and developed in collaboration with MD Group, serving maritime and offshore industry customers.
• Excluder 2.0 An upgraded trawl device designed to reduce bycatch of unwanted species such as halibut during fishing, with improved water flow enabling fish to move more naturally inside the trawl and enhancing selection.
• Gullklumpen 4.0 A hydrostatic release mechanism specially developed for seine net fishing, weighing only 2 kg and smaller than an A4 sheet, fully mechanical with no electronics, that automatically releases at a preset depth during ascent.
• Flexi-Panel Grading System

Quantifiable outcome

• Nets have been used for over 10 years with heavy use and remain in excellent condition
• +1 more outcomes

Named customers3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Stenevik HavcoreStrategic or Co-development Partner · 1 January 2024Developers of Gullklumpen 4.0 hydrostatic release for seine net fishing. Tomas Stenevik (Managing Director) and Halvard L. Berge (design engineer and co-owner) created the product. Nordkapp Notbøteri and Meløy Notbøteri hold the agency for the product, representing a close co-development partnership.
• Nordkapp NotbøtericoreChannel Partner/ Reseller/ Distributor · 1 January 2024Nordkapp Notbøteri holds agency for Gullklumpen 4.0 together with Meløy Notbøteri. The partnership enables distribution of the innovative fishing tool to Norwegian fishermen.
• Mustad AutolineminorStrategic or Co-development Partner · 1 January 2021Egersund Group and Mustad Autoline jointly acquired Carl Stahls fishing operations in Honningsvåg in 2021. Both are family-owned companies with long-term industrial thinking. The partnership complements each company's competencies.
• Grading Systems (UK) LtdminorStrategic or Co-development Partner · 1 January 2018Egersund Net acquired 70% of shares in Grading Systems (UK) Ltd, the company behind the patented Flexi-Panel grading system for fish in sea. The company has an office in Bergen and production on Shetland.
• AKVA group (Egersund Net sale)coreChannel Partner/ Reseller/ Distributor · 1 January 2018Egersund Net was sold to AKVA group ASA in June 2018 (transaction completed August 31, 2018). Egersund Net became a wholly owned subsidiary of AKVA group, strengthening combined cage, net, and mooring solutions. Egersund Group retained close commercial ties.
• Markleen groupcoreStrategic or Co-development Partner · 1 January 2017Egersund Group owns 51% of the Markleen group since 2017. Markleen is a reputable supplier of oil spill technology with production in Zaragoza, Spain.
• AKVA group (partnership continued)coreStrategic or Co-development Partner · 1 January 2017Partnership with AKVA group further developed in 2017 through collaboration on service for both land and sea-based aquaculture facilities. Egersund Island began offering service for AKVA group products.
• Emel BalikminorStrategic or Co-development Partner · 1 January 2014Egersund Net acquired 50% of Emel Balik in Izmir, Turkey in 2014. New production facilities including net production and cleaning/coating facility were ready for use in 2014. Dedicated to delivering high quality products and services including net cleaning, repairs, and anti-fouling treatments.
• AKVA group ASAcoreStrategic or Co-development Partner · 1 January 2012Egersund Group owns 50% of AKVA group ASA since 2012 (51% after partial divestment in 2021). AKVA group is a leading supplier of technology and services to the global aquaculture industry, present in Norway, Chile, Denmark, Scotland, Spain, Greece, Iceland, Canada, Australia, and Turkey. Egersund Group retains majority shareholding despite partial sell-down.
• MD GroupminorStrategic or Co-development Partner · 1 January 2011Egersund Group owns 50% of MD Group, which together with Egersund Trål developed a new generation of oil spill recovery products with potential to revolutionize oil spill recovery at sea.

Scale indicators8 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• Hampidjan: Icelandic manufacturer of trawls, ropes, and netting. Direct competitor in the North Atlantic trawl equipment market and an obvious benchmark for product range and geographic reach.
• Mustad Autoline: Norwegian longline and autoline fishing gear manufacturer. Co-acquired Carl Stahls' fishing operations in Honningsvåg with Egersund Group in 2021. Both are family-owned Norwegian fishing-equipment specialists serving the same commercial fleet customers.
• NET Systems: American manufacturer of trawl nets and aquaculture containment systems. Comparable offering in purse seines, trawls, and fish-farm nets, primarily serving the US and Canadian fleets.
• Vónin: Faroese fishing-nets and ropes producer with North Atlantic focus. Comparable product portfolio (trawls, purse seines, aquaculture nets) and similar customer base of European fishing fleets.
• AKVA group ASA: Publicly listed Norwegian aquaculture technology supplier. Egersund Group owns 51% of AKVA group, and the two share product lines, distribution, and a service-station network. AKVA provides the broader aquaculture technology stack (cages, sensors, feeding) that complements Egersund's nets and cleaner-fish equipment.
• Bridon-Bekaert Ropes Group: Global steel and synthetic rope manufacturer. Sells into the same commercial fishing and offshore markets as Egersund's mooring, wire, and trawl-door rigging product lines.
• Garware Technical Fibres: Indian manufacturer of technical textiles including fishing nets, aquaculture nets, and sports nets. Competes with Egersund Net globally on aquaculture netting and trawl webbing from a lower-cost base.

Others

• Oceana Group: South African fishing and food group (wild-capture, aquaculture, logistics). Customer-side peer — Oceana is a buyer of fishing gear and a competitor in aquaculture — useful for understanding fleet customers rather than as a direct equipment competitor.

Broad incumbents

• Furuno Electric: Japanese marine electronics incumbent (sonar, fishfinders, navigation). Adjacent rather than directly overlapping — Furuno sells onboard electronics, while Egersund supplies the nets and gear — but both sell into the same commercial fishing fleet.
• Kongsberg Gruppen: Norwegian maritime technology conglomerate (Kongsberg Maritime, Kongsberg Discovery). Overlaps with Egersund Herøy's maritime and offshore deliveries; both serve Norwegian shipowners and offshore operators.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/egersund-group

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries16 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Egersund Group