Salthammer Båtbyggeri

What Salthammer Båtbyggeri does

Salthammer Båtbyggeri AS is Norway's oldest continuously operating shipyard, founded in 1896 and headquartered in Vestnes, Møre og Romsdal, Norway. The company operates as a privately held multi-divisional maritime group consisting of four integrated units: Salthammer Båtbyggeri (core shipbuilding, hull construction, steel and aluminum structures, and service vessel new builds), Salthammer Tresfjord (precision machining, welding, and fabrication), Salthammer Sjøtransport (sea transport, towing, and barge rental along Norway's coast using two DNV GL-classified barges), and Tomra Engineering (ship design, marine engineering, and the CoastCat vessel design line). The group delivers complete production lines for steel structures and vessels — from initial design and engineering through to fabrication, outfitting, and delivery — with growing capability in hybrid-electric and battery-electric propulsion systems.

The technology stack centers on classical shipbuilding and steel fabrication: hull construction in steel and aluminum, qualified welding (ISO 3834-2), precision CNC machining, and in-house marine engineering design. Notable proprietary assets include the CoastCat vessel design from Tomra Engineering, recognized in the aquaculture industry for its environmentally efficient characteristics. The business is project-based, with revenue generated from custom vessel construction (one-time delivery), professional fabrication and machining services for offshore/subsea/aquaculture clients, managed barge rental and towing services, and marine engineering/consulting. Pricing is custom-quoted per project and is not publicly disclosed. The group sells primarily through direct enterprise field sales to shipping companies, fish farming operations, offshore companies, contractors, and other shipyards in Norway and internationally. Customer segments span four verticals: shipping/maritime (primary), offshore/subsea (primary, including named clients Aker Solutions and Kvenna EMT), construction/industrial (sea transport users), and private/public entities (vessel modifications). The company holds ISO 9001, ISO 3834-2, DNV GL, and 38-29 certifications, with Miljøfyrtårn and ISO 14001 in progress. The company is led by Managing Director Lasse Stokkeland and received the 2023 Dagens Næringsliv Gaselleprisen for rapid revenue growth.

Name

Salthammer Båtbyggeri

Legal name

Salthammer Båtbyggeri AS

Website

https://salthammer.no

Company type

Private

Founded year

1896

Operating status

Operating

Headcount range

11–50 employees

Short description

Salthammer Båtbyggeri AS is Norway's oldest continuously operating shipyard (since 1896), operating four integrated divisions — shipbuilding, steel fabrication, sea transport/barge rental, and marine engineering design — delivering custom vessels including hybrid-electric service boats primarily to Norwegian shipping, offshore/subsea, and aquaculture clients.

Ownership category

akta.pro rank

Product category

Shipbuilding and Marine Construction

NAICS

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

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Project Management & Owner’s Engineering / Technical Consultancy (Spec Writing, Bid Support, Site Support) (IMAJAGAO)

Keywords

• Shipbuilding services
• Steel fabrication
• Vessel design
• Marine engineering
• Sea transport

Headquarters

HQ city

Vestnes

HQ country

Norway

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Shipbuilding: Custom vessel construction including hull building, ship sections, and new builds of service vessels for private, commercial, and public entities. Revenue generated from complete vessel delivery as well as partial work on existing constructions.
2. Steel and Aluminum Fabrication: Precision machining in steel and aluminum, welding, and mechanical work. Services delivered to offshore, subsea, aquaculture sectors and contractors. Revenue from project-based fabrication work.
3. Sea Transport: Short-term and long-term rental of barges and tugboat services along Norway's coast. Revenue generated from towing services and barge leasing.
4. Marine Engineering and Design: Design and marine technical services for vessels, including third-party inspection and consulting services for commercial vessels.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Salthammer Båtbyggeri AS is a Norwegian shipyard group that designs, engineers, and builds custom vessels (hulls, ship sections, service vessels) in steel and aluminum, and provides steel/aluminum fabrication, precision machining, and welding services. Through its sister divisions it also offers marine engineering and ship design, plus sea transport and barge rental services along the Norwegian coast.

Product overview

Salthammer Båtbyggeri is Norway's oldest shipyard (established 1896) operating as a multi-department maritime group consisting of four core divisions: Salthammer Båtbyggeri (shipbuilding and hull construction in steel/aluminum), Salthammer Tresfjord (precision machining, welding, and fabrication), Salthammer Sjøtransport (sea transport, towing, and barge rental), and Tomra Engineering (ship design and marine engineering services). The group offers complete production lines for steel structures and vessels, from design and brainstorming through construction to delivery. Services include hybrid-electric propulsion systems for vessels. The company also provides sea transport capabilities with two DNV GL-classified barges and operates as a complete one-stop solution for the maritime industry.

Differentiator

Problem solved

Functional benefit

Brands

• Salthammer Båtbyggeri: Core shipbuilding division specializing in hull construction, ship sections, and steel and aluminum structures for vessels
• Salthammer Tresfjord
• Salthammer Sjøtransport
• Tomra Engineering

Products and services

• Salthammer Båtbyggeri – Shipbuilding Custom hull construction, ship sections, and steel/aluminum structures, plus new builds of service vessels and equipment tailored to customer needs, delivered to shipping companies in Norway and internationally.
• Salthammer Tresfjord – Steel and Aluminum Fabrication Precision machining of steel and aluminum, certified welding (ISO 3834-2 and 38-29 for subsea), and mechanical work delivered to offshore, subsea, aquaculture, and industrial customers.
• Salthammer Sjøtransport – Sea Transport and Barge Rental Tugboat towing services and rental of two DNV GL-classified barges (Barge 1: 42x13m, 800-ton capacity; Barge 2: 24x12m, 150–200-ton capacity) for transport of ship sections, boats, timber, houses, and equipment along Norway's coast.
• Tomra Engineering – Ship Design and Marine Engineering Design and marine technical services for vessels, including the CoastCat vessel design and third-party inspection and consulting services for commercial vessels, primarily serving the aquaculture industry.

Quantifiable outcome

• Multiple hybrid-electric vessels delivered contributing to reduced CO2 emissions and fossil fuel consumption
• +1 more outcomes

Named customers5 records

Segments4 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

Two partnerships are on record, tiered core and supporting.

• Tomra EngineeringcoreStrategic or Co-development PartnerTomra Engineering is part of the Salthammer Group, providing engineering and design services for vessel design and marine technical services to the aquaculture industry. They contribute specialized expertise in boat design and third-party inspection services.
• NæringshagensupportingStrategic or Co-development PartnerPartnership with Næringshagen (Business Incubator) for sustainability reporting and ESG initiatives, helping Salthammer develop their sustainability practices and reporting.

Scale indicators6 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Ulstein Group: Norwegian designer and shipbuilder with ship design (similar to Tomra Engineering) plus vessel construction. Competes for design-led service vessel and offshore vessel contracts in the same Norwegian coastal market.
• Kleven Maritime: Norwegian shipyard historically focused on service vessels, offshore support, and specialized hulls for Norwegian owners. Direct competitor for the same service-vessel and offshore-fabrication contracts Salthammer targets.
• Fiskerstrand Verft: Norwegian shipyard on the west coast building service vessels, ferries, and offshore support ships. Direct competitor in the same regional shipbuilding market and customer base.
• Westcon Yards: Multi-yard Norwegian shipbuilding and repair group competing for newbuild, conversion, and repair work. Overlaps with Salthammer across hull construction, ship sections, and offshore fabrication.
• Havyard Group: Norwegian group with ship design, shipbuilding, and offshore/renewables vessel activities. Highly comparable to Salthammer's design + build + fabrication mix for smaller commercial and offshore vessels.
• Aasen Mek Verksted: Norwegian shipyard building smaller commercial vessels and performing ship repair. Comparable in size and product type to Salthammer for service vessels and repair contracts.

Broad incumbents

• Bergen Group: Norwegian maritime services group spanning ship repair, modifications, and offshore fabrication. Comparable broad service-portfolio to Salthammer Tresfjord's machining and welding capabilities.
• Vard (Fincantieri): Major international shipbuilder with Norwegian yards, active in offshore, specialized, and cruise vessels. Larger scale incumbent that competes for the upper end of Salthammer's service-vessel deals and sets industry technical standards.

Emerging players

• Kystdesign: Norwegian ship design and engineering firm focused on workboats and aquaculture vessels, including multi-hull and hybrid-electric concepts. Compares directly to Tomra Engineering's CoastCat design activity.

Others

• Aker Solutions: Listed as a Salthammer customer for welding and machining on subsea applications. As a large Norwegian offshore/subsea contractor, it represents the customer side of Salthammer Tresfjord's fabrication revenue and is a comparable heavy-fabrication player in the same ecosystem.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/salthammer.no
• LinkedInlinkedin.com/company/salthammer-b%C3%A5tbyggeri-as/?originalSubdomain=no

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries4 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 Salthammer Båtbyggeri