MP Teknik

What MP Teknik does

MP Teknik is a privately held Faroe Islands-based technical solutions provider founded on July 15, 2004 by brothers Malvinus and Olivur Petur í Gong. The company operates as an authorized agent and value-added service partner for over 25 international brands across three core verticals: aquaculture (NorseAqua, AquaScan, Blue Unit, EasyX, Lumic, Optimar, OxyGuard, and others), fishing/marine electronics (Furuno, Scanmar, Seematz, Intellian, Ami Marine, Marine Rescue Technologies, Entel), and onshore industrial solutions (WISI, Allente, DMN Westinghouse, Bonpet, HAES, Sea-Fire). Core proprietary capabilities include a 24/7 emergency marine fleet service, an in-house advanced electronics repair workshop, GMDSS/radio inspection services approved by DNVGL and the Faroese Maritime Authorities, and 27 certifications across 15 suppliers covering fiber optics, AIS, thermography, and fire alarm systems. The company holds an exclusive position as one of only two Furuno Service Points for Russian-flagged ships in Europe.

The business model is B2B equipment resale combined with professional services (installation, commissioning, maintenance, repair, and mandatory inspection) on a quote-based pricing structure with no publicly disclosed rates. The go-to-market is dual-channel: as a channel partner/agent for 25+ international brand principals and via a direct sales-led motion managed by a sales manager, sales consultants, and project managers. Revenue streams split across hardware sales (radars, VSAT antennas, aquaculture equipment, navigation and communication systems) and professional services (installation, 24/7 emergency service, electronics repair, GMDSS inspection). Customer segments are primarily the Faroese fishing fleet and aquaculture operators, with a secondary onshore/industrial segment covering hotels, residential, and processors. Operations span four Faroe Islands locations: Klaksvík headquarters, Funningsfjørður warehouse, Vágur service office, and Tórshavn service office, supported by 21-30 employees.

The company is geographically constrained to the Faroese market with selective regional reach via the Furuno Service Point agreement for Russian ships. Recent strategic activity has focused on densifying the agency portfolio in aquaculture, formalizing marketing capability (Head of Marketing hired 2021), and attending international supplier AGMs (Furuno 59th AGM Athens 2022; planned Hong Kong/Singapore). Ownership rests with five partners following a 2017 restructuring: Willemoes Olsen, Johnny Mikkelsen, Bogi Simonsen, Poul á Dul Olsen, and Olivur Petur í Gong (CEO/Stjóri). No external investment, venture capital backing, or parent company is indicated.

Name

MP Teknik

Legal name

MP Teknik

Website

https://mpt.fo

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

MP Teknik is a Faroe Islands-based authorized service partner and value-added reseller specializing in marine electronics, aquaculture equipment, and onshore industrial solutions, representing over 25 international brands and serving the Faroese fishing fleet, aquaculture operators, and industrial customers across four locations.

Ownership category

akta.pro rank

Product category

Marine Electronics and Aquaculture Equipment Services

NAICS

Ship Building and Repairing (336611), Support Activities for Water Transportation (4883)

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Electrical, Automation & Navigation MRO (Power, Controls, Comms, ECDIS/Radar) (IMAJAFAD)

Keywords

• Marine electronics service
• Aquaculture equipment supply
• Vessel navigation systems
• GMDSS radio inspection
• Fire extinguishing installation

Headquarters

HQ city

Klaksvík

HQ country

Faroe Islands

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Equipment Sales: Sale of aquaculture equipment, nautical equipment, and marine electronics as authorized agents for major international brands including Furuno, Scanmar, Seematz, Intellian, NorseAqua, and others
2. Service & Maintenance: Ongoing service and maintenance for sold equipment, including 24/7 emergency service for the marine fleet. The company provides installation, commissioning, and annual performance testing.
3. Installation & Commissioning: Professional installation and commissioning of equipment including fire extinguishing systems, satellite antennas, navigation systems, and aquaculture equipment
4. Electronics Repair: Repair services for virtually all electronics through the company's advanced workshop

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

MP Teknik is a total provider of aquaculture equipment, nautical equipment, and marine electronics, operating as an authorized agent and service partner for more than 25 international brands. The company sells, installs, commissions, services, and repairs equipment for aquaculture (fish farming), fishing/marine (navigation, communication, fire safety), and onshore/industrial customers across the Faroe Islands, with 24/7 emergency support for marine fleet clients.

Product overview

MP Teknik is a total provider of aquaculture equipment, nautical equipment, and marine electronics, operating as a value-added reseller and authorized service partner. The company represents over 35 international brands across three core divisions: Aquaculture (NorseAqua, AquaScan, Blue Unit, Blue Ocean Technologies, CM Aqua, EasyX, Lumic, OES Group, Optimar, OxyGuard, Redox, Whooshh Innovations, HATO, Bonpet Systems, Dahua), Fishing Industry / Marine Electronics (Furuno, Seematz, Sepcotech, Ami Marine, Intellian, MariConnect, Marine Rescue Technologies, Brassbell, HAES Systems, Sea-Fire, Entel), and Onshore / Industrial (WISI, Allente, DMN Westinghouse). Core service offerings include installation and maintenance of fixed fire extinguishing systems, GMDSS/radio inspections approved by DNVGL and the Faroese Maritime Authorities, satellite and TV antenna systems, 24/7 marine fleet support, and advanced electronics repair. The portfolio is structured around brand representation rather than a proprietary platform architecture.

Differentiator

Problem solved

Functional benefit

Products and services

• Aquaculture Solutions and Service
• Fishing and Marine Fleet Solutions
• Onshore Industrial and Commercial Solutions
• Fixed Fire Extinguishing Systems
• GMDSS/Radio Inspection
• Advanced Electronics Repair Workshop
• 24/7 Marine Fleet Service
• Radio/TV Solutions

Quantifiable outcome

• 24/7 service availability ensuring minimal downtime for marine and industrial customers
• +1 more outcomes

Named customers2 records

Segments3 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

33 partnerships are on record, tiered core and minor.

• Furuno DenmarkcoreChannel Partner/ Reseller/ Distributor · 20 November 2019Furuno Denmark and MP Teknik signed a partnership agreement. MP Teknik has educated employees in Denmark and is one of only two 'Furuno Service Point' for Russian ships in Europe. The partnership covers radar, plotters, and related navigation equipment.
• Intellian TechnologiescoreTechnology or IntegrationMP Teknik is a provider of Intellian Technologies VSAT & TV satellite antenna systems providing worldwide coverage of internet and TV connection at sea. The company has multiple certified technicians qualified in installing and servicing Intellian equipment.
• NorseAqua AScoreChannel Partner/ Reseller/ DistributorMP Teknik partners with NorseAqua AS, displaying products together at industry exhibitions like IceFish. NorseAqua is a supplier of aquaculture equipment.
• Pf. Leif MohrminorChannel Partner/ Reseller/ DistributorMP Teknik exhibits alongside Pf. Leif Mohr at the IceFish exhibition, representing a collaborative presence in the fisheries sector.
• Blue Ocean TechnologiesminorChannel Partner/ Reseller/ DistributorAgent for sludge handling equipment for aquaculture applications
• DMN WestinghouseminorChannel Partner/ Reseller/ DistributorAgent for rotary valves
• EasyXminorChannel Partner/ Reseller/ DistributorAgent for vertical cleaning robots for aquaculture tanks
• LumicminorChannel Partner/ Reseller/ DistributorAgent for vaccination machines for aquaculture
• NorseAquacoreChannel Partner/ Reseller/ DistributorAgent for NorseAqua aquaculture equipment
• RedoxminorChannel Partner/ Reseller/ DistributorAgent for ozone equipment
• Whooshh InnovationsminorChannel Partner/ Reseller/ DistributorAgent for fish passage solutions
• Ami MarineminorChannel Partner/ Reseller/ DistributorAgent for Voyage Data Recorders
• FurunocoreChannel Partner/ Reseller/ DistributorAgent for radar and plotter systems
• ScanmarcoreChannel Partner/ Reseller/ DistributorAgent for fishing industry equipment
• SeematzcoreChannel Partner/ Reseller/ DistributorAgent for searchlights and window wipers
• SepcotechminorChannel Partner/ Reseller/ DistributorAgent for ROVs (Remotely Operated Vehicles)
• Marine Rescue TechnologiesminorChannel Partner/ Reseller/ DistributorAgent for search and rescue equipment
• MariConnectminorChannel Partner/ Reseller/ DistributorAgent for GSM and internet solutions
• AllenteminorChannel Partner/ Reseller/ DistributorAgent for television programs and satellite TV solutions
• AquaScanminorChannel Partner/ Reseller/ DistributorAgent for fish counting equipment
• Blue UnitminorChannel Partner/ Reseller/ DistributorAgent for water quality monitoring equipment
• Bonpet SystemsminorChannel Partner/ Reseller/ DistributorAgent for fire extinguishing systems
• CM AquaminorChannel Partner/ Reseller/ DistributorAgent for water treatment solutions
• DahuaminorChannel Partner/ Reseller/ DistributorAgent for camera systems
• EntelminorChannel Partner/ Reseller/ DistributorAgent for VHF radios
• HAES SystemsminorChannel Partner/ Reseller/ DistributorAgent for fire alarm systems
• HATOminorChannel Partner/ Reseller/ DistributorAgent for agricultural and aquaculture lighting
• OES GroupminorChannel Partner/ Reseller/ DistributorAgent for anti-fouling solutions
• OptimarminorChannel Partner/ Reseller/ DistributorAgent for fish handling equipment
• OTS Offshore & Trawl SupplyminorChannel Partner/ Reseller/ DistributorAgent for rope products
• OxyGuardminorChannel Partner/ Reseller/ DistributorAgent for water quality measuring equipment
• Sea-FireminorChannel Partner/ Reseller/ DistributorAgent for fire suppression technology
• WISIminorChannel Partner/ Reseller/ DistributorAgent for TV and hotel distribution systems

Scale indicators4 records

Recent moves9 records

Expansion highlights5 records

Emerging players

• Stingray Marine Solutions: Norwegian technology company providing underwater camera and laser-based sea lice removal systems for the aquaculture industry. Represents an emerging equipment/services opportunity adjacent to MP Teknik's aquaculture offering in the same Nordic geography.

Broad incumbents

• Wärtsilä Marine: Global marine industry equipment, services, and lifecycle solutions provider with overlapping capabilities in marine electrical systems, navigation, and vessel service that compete with MP Teknik's offerings for larger commercial vessels.
• Kongsberg Maritime: Major Norwegian marine technology company providing navigation, automation, and integrated solutions for commercial vessels globally. Overlaps with MP Teknik's marine electronics MRO offering, but at vastly larger scale and with proprietary products and direct service operations.
• Garmin Marine: Global marine electronics manufacturer competing with Furuno in navigation, fishfinding, and communication equipment. As a competing principal, Garmin's direct sales and service network creates competitive pressure on MP Teknik's Furuno-centric marine electronics business.
• Furuno: Japanese marine navigation and detection equipment manufacturer that is MP Teknik's key principal partner for radar and plotter systems. As the brand owner, Furuno represents both an enablement relationship and a potential direct competitor if it expands direct service operations in Europe.
• Akva Group: Norwegian publicly-traded aquaculture technology and service provider with global operations, offering equipment, services, and digital solutions across the aquaculture value chain. Overlaps significantly with MP Teknik's aquaculture equipment and service offering, but at much larger scale and with proprietary products.

Others

• Optimar: Norwegian supplier of fish handling and processing equipment to MP Teknik's aquaculture customer base. While primarily a partner represented by MP Teknik, Optimar also sells direct in core Nordic markets and represents adjacent competitive dynamics in fish handling.

Direct peers

• Vónin: Faroese fishing and aquaculture equipment company serving the Faroe Islands market with similar brand representation and service capabilities as MP Teknik, including fishing gear, marine electronics, and aquaculture solutions. Directly comparable in geography, customer base, and business model.
• Imenco: Norwegian company supplying aquaculture and marine equipment including cameras, lighting, ROVs, and fish handling systems to Nordic fish farming operators. Direct overlap with MP Teknik's aquaculture and marine equipment distribution model in the Nordic region with similar agency-based go-to-market.
• Steinsvik: Norwegian aquaculture equipment and service company (now part of AKVA Group) with a similar agency-distribution model, supplying equipment and services to fish farming operations across the Nordic market. Closely mirrors MP Teknik's aquaculture business model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/mp-teknik

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 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 MP Teknik