Markhus

What Markhus does

Markhus AS is a Norwegian engineering company founded in 1984 and headquartered in Grimstad, Norway, specializing in offshore living quarter modules. The firm provides architectural design, structural engineering, and total project management for accommodation, control room, and technical/utility modules on offshore platforms, FPSOs, semi-submersible rigs, and jack-up barges. Its proprietary Flexmodule system — prefabricated aluminum stressed-skin modules delivered through wholly-owned subsidiary Flexmodul AS — emphasizes super light-weight construction that reduces structural load, enables fast-track hook-up, and removes the need for surface treatment, lowering life-cycle cost on offshore installations.

The company's revenue is generated through three primary streams: specialized architectural and structural engineering services on a professional-services basis (including Norsok safety compliance documentation), the supply of prefabricated Flexmodule units (treated as one-time module sales), and turnkey / managed-services contracts covering engineering, fabrication, purchasing, and sub-contractor coordination. Go-to-market is enterprise field sales targeting major offshore operators and EPC contractors, with distribution extended internationally through Markhus UK Ltd (80%-owned, Durham, UK), Markhus Asia Pte Ltd (Singapore, wholly owned), and the Flexmodule Asia Pte Ltd joint venture in Singapore.

Markhus serves major offshore oil & gas operators (Statoil ASA, ConocoPhillips, Sevan Marine AS, Talisman Energy Norway AS) and leading Asian and European shipyards (Keppel FELS, DSME, SMOE, Aibel, Bergen Group & Rambøll), and holds Achilles Joint Qualification System certification for supply-chain onboarding. The firm is privately held with 11-50 employees and no public listing or institutional investor disclosed.

Name

Markhus

Legal name

Markhus AS

Website

https://markhus.no

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

11–50 employees

Short description

Markhus AS is a Norwegian engineering firm, founded in 1984, that designs and supplies lightweight aluminum offshore living quarter modules for major oil & gas operators and shipyards globally.

Ownership category

akta.pro rank

Product category

Offshore Engineering Services

NAICS

Engineering Services (541330)

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Prefab Hull Blocks & Modular Ship Sections (IMAJAKAE)

Keywords

• Offshore engineering services
• Modular construction
• Aluminum fabrication
• Offshore living quarters
• Structural engineering

Headquarters

HQ city

Grimstad

HQ country

Norway

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Engineering Services: Architectural and structural engineering services for offshore living quarter modules. The company performs offshore engineering services and produces back-up calculations and documentation for safety regulations compliance.
2. Module Supply: Prefabricated modular units in aluminium through Flexmodul AS subsidiary, including accommodation units, control rooms, and technical & utility modules.
3. Total Packages / Turnkey Contracts: Turn key contracts delivering engineering, fabrication, purchasing and coordination activities towards sub-contractors for complete offshore module solutions.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Markhus AS is a Norwegian engineering company specialized on offshore Living Quarters modules. It delivers Light Weight Modules via its proprietary Flexmodule aluminum stressed-skin construction system, full engineering services (architectural design and structural engineering with safety compliance documentation), total project management from concept to delivery, and prefabricated living quarter units for offshore installations.

Product overview

Markhus AS is a Norwegian engineering company offering a portfolio of offshore living quarters and module solutions. The core offerings consist of Offshore Living Quarters Modules and the Flexmodule System (Light Weight Modules) for prefabricated accommodation, control rooms, and utility modules. These are complemented by Engineering Services (architectural design and structural engineering) and Project Management services. The Flexmodule system, delivered through the subsidiary Flexmodul AS, provides aluminum-based modular units designed for fast-track construction and platform extensions.

Differentiator

Problem solved

Functional benefit

Brands

• Flexmodul: Adaptable system and design of pre-fabricated modular units in aluminum for use in the offshore and marine industry, including accommodation units, control rooms, and technical & utility modules.

Products and services

• Offshore Living Quarters Modules Prefabricated living quarter modules designed for offshore installations, providing accommodation facilities for personnel working on oil and gas platforms and FPSOs.
• Light Weight Modules (Flexmodule System) Pre-fabricated modular units in aluminum with super light-weight design, used as accommodation units, control rooms, and technical and utility modules. The low-weight design makes them suitable for extensions of existing platforms and favors fast-track construction.
• Engineering Services Architectural design of offshore living quarter modules and structural engineering with back-up calculations and documentation to ensure compliance with applicable safety regulations for North Sea installations.
• Project Management Total project management services within the offshore business segment, including all engineering disciplines, from concept through delivery, with purchasing and coordination activities towards sub-contractors.

Named customers10 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Seven partnerships are on record, tiered core, minor and major.

• Flexmodul AScoreOthersMarkhus AS owns and operates Flexmodul AS as a subsidiary. Through Flexmodul AS, the company has developed an adaptable system and design of pre-fabricated modular units for use in the offshore and marine industry. The Flexmodule system includes aluminium stressed skin construction technology.
• Markhus UK LtdcoreOthersMarkhus AS owns 80% of Markhus UK Ltd, a subsidiary based in Durham, UK. The subsidiary extends the company's presence in the UK offshore market.
• Flexmodule Asia Pte LtdcoreTechnology or IntegrationJoint venture established by Flexmodul AS to create presence in the Asian market. Located in Singapore, the JV supports delivery of offshore modules to Asian shipyards and projects.
• Norac Marine Furniture AS (NMF AS)minorStrategic or Co-development PartnerMarkhus AS owns 9% of Norac Marine Furniture AS, which imports high standard and quality furniture for offshore installations. Markhus offers complete interior solutions through this partnership.
• Sevan Marine ASmajorStrategic or Co-development PartnerOngoing engineering partnership for FPSO living quarter design and engineering projects, including Western Island Field, Generic FPSO, and Skrugard FPSO projects.
• AibelmajorStrategic or Co-development PartnerEngineering partnership for offshore living quarter projects including DolWin 2 FSU and Statoil Dagny projects.
• Flexmodul AS / Master Marine ASmajorStrategic or Co-development PartnerJoint partnerships on multiple ConocoPhillips projects including Service Jack 1 jack-up barge living quarters for Ekofisk field.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• McDermott International: Global offshore engineering, procurement, construction, and installation company serving offshore O&G operators similar to Markhus' client list. Comparable in offshore module EPC but at a much larger project scale.
• Subsea 7: Global seabed-to-surface offshore contractor active in SURF, IMR, and renewable offshore work. Comparable client base in North Sea operators; adjacent rather than directly overlapping in module design.
• Worley: Global professional services company delivering engineering, procurement, and construction services to the energy and resources sectors, including offshore accommodation and module design at scale. Overlaps with Markhus' engineering services for offshore installations.
• Saipem: Italian-based global engineering and construction company with strong offshore EPCI capabilities serving the same operator base. Overlaps with Markhus' offshore module design and integration work but operates at far greater scale.
• Aker Solutions: Large Norwegian-based offshore engineering, procurement, construction, and maintenance company serving the same offshore O&G operators as Markhus, but at substantially greater scale and scope (subsea, drilling, topside modules). Comparable in domain but broader in portfolio.
• KBR: Global engineering firm with deep offshore and government services practice serving the same oil & gas operator base as Markhus. Offers overlapping living quarter and topside module engineering capabilities as part of a much broader portfolio.

Direct peers

• Royal IHC: Dutch offshore equipment and vessel builder with complementary capabilities in marine accommodation modules, offshore equipment fabrication, and modular construction. Directly comparable in the prefab marine module niche Markhus targets via Flexmodul.
• Aibel: Norwegian offshore engineering, fabrication, and maintenance firm headquartered close to Markhus' North Sea client base. Aibel is both a listed engineering partner and a contractor competing for offshore module work where Markhus provides design support, making it the most directly comparable peer.
• Sevan Marine: FPSO-focused company and Markhus' named customer for FPSO living quarter design (Western Island, Generic FPSO, Skrugard). Directly comparable as an FPSO stakeholder whose accommodation modules Markhus engineers, with overlapping offshore accommodation expertise.
• Master Marine AS: Norwegian offshore services firm partnering with Markhus on ConocoPhillips Ekofisk projects. Operates in overlapping North Sea offshore accommodation and module space, jointly delivering project work alongside Markhus' design services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutu.be/vYu14ANpnWA
• LinkedInlinkedin.com/company/markhus-as

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries5 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 Markhus