ETV - Faroe Islands

What ETV - Faroe Islands does

ETV (legal name Sp/f El-Talvuvirkið) is a Faroese electrical engineering company founded in 1982 and headquartered in Norðragøta, Eysturoy, Faroe Islands. It operates as a privately held partnership (Sp/f, CVR 373494, CRN 1078) with a small specialized team and serves marine and industrial customers primarily within the Faroe Islands while also delivering project-based services to vessels globally. The company self-describes as a pioneer of the Faroese electrical industry, citing 40+ years of continuous operation, ~2,500 breaker panels produced for the domestic market, 3,078 cumulative projects completed, and 870 contractors appointed.

The company's core offering spans six service lines: Switchboards & Installation, Inspection & Maintenance, Automation & Control Systems, 3D Bridge Design & Visualization, Retrofit & Upgrades, and an Electro-Mechanical Workshop. Underlying capabilities include custom switchboard manufacturing, integration of industrial automation and control/alarm systems, motor and generator repair and rewinding, and 3D console design for ship bridges with virtual reality (VR) pre-build visualization. ETV integrates third-party OEM technology stacks — Schneider Electric, Wärtsilä Lyngsø Marine, Siemens, and AMRON — to deliver marine propulsion integration, power management systems, and industrial control solutions, including verified Silent-R noise-compliance work on the research vessel R/S JÁKUP SVERRI.

The business model is B2B, project-based, and entirely quote-driven: services are customized per engagement with no public pricing, and customers engage via contact form, phone (+298 477733), or email ([email protected]). Go-to-market is sales-led direct engagement with assigned service-area contacts (e.g., Eyðun Hansen for switchboards/installation; Dan Hansen for automation). Primary segments are marine/vessel owners (fishing, research) and land-based industrial/manufacturing operators; distribution is direct with no intermediary channel. No revenue, funding, M&A, or public financial disclosures are available.

Name

ETV - Faroe Islands

Legal name

Sp/f El-Talvuvirkið

Website

https://etv.fo

Company type

Private

Founded year

1982

Operating status

Operating

Headcount range

1–10 employees

Short description

ETV (Sp/f El-Talvuvirkið) is a Faroese electrical engineering firm founded in 1982 that designs, manufactures, and services switchboards, industrial automation, and ship-bridge systems for marine and industrial customers, primarily in the Faroe Islands and on global vessels.

Ownership category

akta.pro rank

Product category

Marine and Industrial Electrical Engineering Services

NAICS

Ship Building and Repairing (336611), Switchgear and Switchboard Apparatus Manufacturing (335313), Electrical Equipment Manufacturing (3353), Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (334511), Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (33451)

SIC

Switchgear & Switchboard Apparatus (3613), Electrical Industrial Apparatus (3620), Industrial Instruments For Measurement, Display, And Control (3823), Search, Detection, Navagation, Guidance, Aeronautical Sys (3812)

akta.pro primary industry

Integrated Marine Electrical Systems & Switchboards (IMAJAJAA)

akta.pro secondary industries

Electrical Engineering & Power Distribution (Generation, Switchboards, Cabling, Lighting) (IMAJAGAF), Marine Electrical Installation, Commissioning & Field Services (IMAJAJAL), Electrical, Automation & Control Systems (Power, PLC/SCADA, Navigation/Comms Integration) (TLAHAMAE), Navigation, Communications & Integrated Bridge Systems Engineering (IMAJAGAH), Retrofits & Modernization (Scrubbers, Ballast Water, Alternative Fuels, Energy-Saving Devices) (IMAJAFAH)

Keywords

• Marine electrical systems
• Industrial automation services
• Switchboard manufacturing
• Vessel bridge design
• Electro-mechanical repair

Headquarters

HQ city

Norðragøta

HQ country

Faroe Islands

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Switchboard Production & Installation: Custom electrical switchboard manufacturing and installation services for domestic market and vessels. Production of approximately 2,500 breaker panels over four decades. Includes design, manufacturing, and installation phases with full lifecycle support.
2. Inspection & Maintenance Services: Ongoing maintenance and inspection services for electrical circuits, generators, and motors. Workshop equipped for challenges with state-of-the-art tools and certified technicians.
3. Automation & Control Systems: Industrial automation, control systems, and alarm systems for various sectors including fishery, production, food, construction, and infrastructure. Integration of mechanics, electronics, and software.
4. Retrofit & Upgrades: Evaluation, rebuild, and upgrade services for existing installed base including hardware and software. Makes systems compatible with latest technologies and standards.
5. 3D Bridge Design & Visualization: 3D console design and visualization services for marine vessels with optional VR virtualization. Complete design solutions from analysis through manufacturing support.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

ETV designs, manufactures, installs, inspects, and maintains electrical switchboards and automation/control systems for marine vessels and industrial facilities in the Faroe Islands. Its scope covers 3D bridge and console design with visualisation, retrofit and upgrade of existing electrical systems, and electro-mechanical workshop repair services.

Product overview

ETV (Sp/f El-Talvuvirkið) is a Faroese electrical engineering company established in 1982, offering a comprehensive portfolio of electrical services primarily focused on the marine and industrial sectors. The company's core offerings include Switchboards & Installation, Inspection & Maintenance, Automation & Control Systems, 3D Bridge Design & Visualisation, Retrofit & Upgrades, and an Electro-Mechanical Workshop. With over 40 years of experience, ETV specializes in serving the maritime industry with vessel electrical systems, bridge console design, and automation solutions, while also supporting land-based industrial clients. The company operates from Gøta, Faroe Islands, and has completed 3,078 projects with 870 contractors appointed.

Differentiator

Problem solved

Functional benefit

Products and services

• Switchboards & Installation Custom design, manufacture, and installation of electrical switchboards for marine vessels and industrial facilities in the Faroe Islands, delivered as a complete in-house engineering service from specification through commissioning.
• Inspection & Maintenance On-site and workshop inspection, servicing, and preventive maintenance of electrical installations on vessels and at industrial sites in the Faroe Islands.
• Automation & Control Systems Design, integration, and delivery of industrial automation and control systems for marine and industrial customers, leveraging partner platforms from Schneider Electric, Siemens, Wärtsilä, and AMRON.
• 3D Bridge Design & Visualisation 3D modelling and visualisation of bridge and control consoles for marine vessels, enabling customers to evaluate console layouts prior to fabrication and installation.
• Retrofit & Upgrades Retrofit and upgrade engineering services for existing electrical installations on vessels and at industrial sites, including replacement of legacy switchboards and control systems.
• Electro-Mechanical Workshop In-house workshop-based electro-mechanical repair and fabrication services supporting vessel and industrial customers, complementing ETV's on-site engineering work.

Quantifiable outcome

• Produced over 2,500 breaker panels for the Faroese domestic market over four decades
• +2 more outcomes

Named customers2 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

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• Schneider ElectriccoreTechnology or IntegrationTechnology partnership for industrial automation, control systems, and power management systems. Schneider Electric products and solutions are integrated into ETV's automation offerings for industrial and marine applications.
• Wärtsilä Lyngsø MarinecoreTechnology or IntegrationPartnership for marine navigation systems and propulsion solutions. Wärtsilä products are incorporated into ETV's vessel automation and control systems, including diesel generators and propulsion motors.
• SiemenscoreTechnology or IntegrationTechnology partnership for industrial automation and control system components integrated into ETV's marine and industrial automation solutions.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• ABB Marine & Ports: Supplies marine electrical propulsion, switchboards, and automation. Competes with ETV on integrated vessel electrical scopes and represents the type of large incumbent ETV must partner with to remain competitive.
• Wärtsilä: Global marine systems integrator supplying propulsion, automation, and electrical systems. Direct technology partner to ETV but also a competitor on integrated newbuild and retrofit scopes in marine electrical.
• Siemens Energy (Marine): Provides marine electrical systems, drives, and automation components. Named partner of ETV and a benchmark for the larger-scale marine electrification work ETV handles locally.
• Kongsberg Maritime: Supplies integrated bridge systems, automation, and vessel control. Competes with ETV's 3D bridge console and automation offerings, particularly on newbuild and major retrofit scopes.
• Schneider Electric: Industrial automation, power management, and switchgear supplier. Core component supplier to ETV's automation and PMS work and a competitor where Schneider delivers turnkey marine solutions.
• Vard (Fincantieri): Major shipbuilder with internal electrical design and outfitting capabilities. Represents the type of yard-integrated competitor that can absorb ETV's specialty scope if it scales internal capacity.

Regional players

• Imtech Marine (now RH Marine / De Brauw): Historical European marine electrical integrator. Relevant comparable for understanding the scale-up path and competitive dynamics in regional marine electrical services.

Direct peers

• MJR Power & Automation: UK specialist in marine electrical engineering, switchboards, and power management. Closest small-to-mid scale direct peer to ETV in vessel electrical scope and delivery model.
• RH Marine: Netherlands-based integrator specializing in electrical and automation systems for naval and commercial vessels. Closest comparable to ETV in scope and scale of marine electrical integration work.
• TB Marine: Scandinavian ship service and electrical engineering provider. Comparable to ETV as a regional marine electrical services firm targeting fishing and offshore vessel owners.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/eltalvuvirkid
• LinkedInlinkedin.com/company/etv-el-talvuvirki%C3%B0-%C3%AD-g%C3%B8tu-sp-f

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 ETV - Faroe Islands