Novenco A/S
Novenco Marine & Offshore A/S is a Danish HVAC&R manufacturer, founded in 1947, that designs and builds climate-control systems for ships, offshore platforms, and naval vessels, serving shipbuilders and shipowners worldwide.
- Company typePrivate
- Founded1947
- HeadquartersKoege, Denmark
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Novenco A/S does
Novenco Marine & Offshore A/S is a Danish manufacturer of HVAC&R (heating, ventilation, air conditioning, and refrigeration) systems purpose-engineered for marine and offshore applications. The company, founded in 1947 and headquartered in Koege, Denmark, organizes its offering into seven maritime verticals: Merchant Vessels, Offshore platforms, Cruise & Ferries, Navy, Special Vessels, Renewables (offshore wind), and an After Market / Service & Parts / Warranty vertical that monetizes the installed base. It maintains wholly-owned subsidiaries in Norway (Novenco AS) and China (Novenco Commercial & Trading Co., Ltd.) to support shipbuilders, shipowners, and offshore operators across EMEA and Asia-Pacific.
The company's core technology is custom HVAC&R hardware — air handling units, chillers, and climate-control packages — designed against maritime classification standards and optimized using in-house CFD (Computational Fluid Dynamics) simulation. Notable technical capabilities include CFD-driven system design to validate airflow and thermal performance before manufacture, and segment-specific engineering for high-spec environments such as naval vessels (emphasizing information security) and offshore platforms (emphasizing harsh-environment reliability).
Revenue is generated on a project-by-project B2B basis through direct enterprise sales, with specialized department contacts for each vertical. Pricing is quote-based and not publicly disclosed. The model combines one-time equipment sales at vessel build or retrofit with recurring aftermarket service, spare parts, and warranty revenue from the installed fleet — the latter representing a stickier annuity-style stream that leverages 75+ years of legacy installations. Go-to-market relies on direct relationship selling supported by participation in major maritime exhibitions (Posidonia, Seatrade Cruise Global, Combined Naval Event, Marintec China).
Novenco A/S firmographics
Firmographics- Name
- Novenco A/S
- Legal name
- Novenco Marine & Offshore A/S
- Website
- https://novencogroup.com
- Company type
- Private
- Founded year
- 1947
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Novenco Marine & Offshore A/S is a Danish HVAC&R manufacturer, founded in 1947, that designs and builds climate-control systems for ships, offshore platforms, and naval vessels, serving shipbuilders and shipowners worldwide.
- Ownership category
- akta.pro rank
Novenco A/S industry classification
Industry- Product category
- Marine HVAC&R Systems
- NAICS
- Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415), Ship Building and Repairing (336611), Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341)
- SIC
- Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Ship & Boat Building & Repairing (3730)
- akta.pro primary industry
- Marine HVAC, Refrigeration & Ventilation Systems (IMAJAIAE)
- akta.pro secondary industries
- Interior, HVAC & Accommodation Refurbishment (IMAJAFAI), HVAC Equipment (Heating, Cooling & Air Handling) (IMAHAKAB)
Keywords
Where Novenco A/S is headquartered
LocationHeadquarters
- HQ city
- Koege
- HQ country
- Denmark
- HQ region
- Europe
Offices3 records
Markets served
Novenco A/S business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- HVAC&R Equipment Manufacturing: Design, development, and manufacture of heating, ventilation, air conditioning, and refrigeration systems for marine and offshore vessels. Revenue is generated through project-based equipment sales with long sales cycles typical of maritime B2B procurement.
- Aftermarket Service & Spare Parts: After-market service, maintenance, and spare parts supply for installed HVAC&R systems. The company leverages its 75+ years of experience to provide ongoing support to existing customer base.
- Warranty Services: Warranty services for installed HVAC&R systems across various vessel types.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Novenco A/S product offering
Product offeringCore offering
Novenco A/S develops and manufactures customized HVAC&R (Heating, Ventilation, Air Conditioning, and Refrigeration) systems for marine and offshore applications across multiple vessel segments including merchant vessels, offshore platforms, cruise ships and ferries, naval ships, special vessels, and renewable energy installations. The company leverages more than 75 years of HVAC experience (since 1947) and CFD simulation capabilities to deliver tailored climate-control solutions, complemented by aftermarket service, spare parts, and warranty offerings for the installed base.
Product overview
Novenco Marine & Offshore A/S develops and manufactures HVAC&R (Heating, Ventilation, Air Conditioning, and Refrigeration) solutions for marine and offshore applications. The company operates as a single unified product line with specialized solutions across multiple vessel segments: Merchant vessels, Offshore platforms, Cruise & Ferries, Navy, Special Vessels, and Renewables. The core HVAC&R Solutions product is complemented by After Market, Service & Parts offerings and Warranty Services. With HVAC experience dating back to 1947 (over 75 years), the company provides a complete lifecycle offering from initial systems to ongoing service and spare parts support. The company maintains operational presence in Denmark (headquarters), Norway, and China.
Differentiator
Problem solved
Functional benefit
Products and services
- Marine & Offshore HVAC&R Solutions
- Merchant Vessel HVAC
- Offshore HVAC
- Cruise & Ferry HVAC
- Navy HVAC
- Special Vessel HVAC
- Renewables HVAC
- After Market, Service & Parts
- Warranty Services
Quantifiable outcome
- HVAC experience since 1947
Companies that use Novenco A/S
Customer profileNamed customers3 records
Segments7 records
Ideal customer profiles2 records
Novenco A/S technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Novenco A/S partnerships and signals
Strategic signalScale indicators2 records
Recent moves6 records
Expansion highlights5 records
Novenco A/S competitors and assessment
Company assessmentBroad incumbents
- Johnson Controls: Global building HVAC and controls provider with marine-adjacent offerings through industrial refrigeration and building systems divisions. Indirect competitor that pressures Novenco on energy efficiency and integrated controls specifications.
- Carrier Global Corporation: Global HVAC and refrigeration major with marine and offshore applications through Carrier Transicold and related units. Overlaps with Novenco on commercial refrigeration and marine climate control but competes from a much larger installed base.
- Daikin Applied: Global HVAC manufacturer with marine and offshore offerings as part of a much broader commercial and industrial portfolio. Competes with Novenco on energy-efficient HVAC specifications for cruise and large commercial vessels.
- ALFA Laval: Global industrial group with a marine division offering HVAC, heat exchangers, and freshwater generators for shipbuilding and offshore. Overlaps with Novenco in marine HVAC but operates as a much broader portfolio player with significantly greater scale and R&D resources.
Others
- ABB Marine & Ports: Supplier of electrical, automation, and propulsion systems to shipbuilders and offshore operators. Not a direct HVAC competitor but increasingly relevant as electrification and integrated vessel systems become procurement criteria that bundle HVAC scope.
Direct peers
- Tecnicomar S.p.A. Italian marine HVAC and refrigeration specialist serving cruise ships, ferries, naval vessels, and offshore platforms. Direct competitor with similar vertical specialization to Novenco across Mediterranean and European shipyards.
- FläktGroup: European manufacturer of air handling and HVAC solutions with marine and offshore offerings alongside commercial and industrial ventilation. Comparable in product breadth to Novenco and directly competes for naval and offshore HVAC contracts.
- Heinen & Hopman: Dutch specialist manufacturer of marine HVAC, refrigeration, and air handling systems serving naval, offshore, cruise, and merchant segments. Closest direct competitor to Novenco with comparable product scope and customer base across European shipyards.
Emerging players
- Hitema International: Italian-based designer and manufacturer of HVAC and refrigeration systems for naval, offshore, and special vessels. Comparable niche focus on maritime applications with overlap in defense and offshore segments.
- FrigorTec GmbH: German specialist in industrial and marine refrigeration and air conditioning systems. Competes with Novenco in marine refrigeration niches, particularly offshore and naval applications, though with a smaller geographic footprint.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat2 records
Key risks6 records
Key highlights7 records
Customer concentration
Novenco A/S social profiles
Digital presenceNovenco A/S financial estimates
Financial estimateRevenue estimate
Valuation estimate
Novenco A/S leadership team
Management profileNumber of profiles
Novenco A/S subsidiaries and ownership
Company hierarchySubsidiaries2 records
Novenco A/S funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Novenco A/S M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Novenco A/S
What does Novenco A/S do?
Novenco A/S develops and manufactures customized HVAC&R (Heating, Ventilation, Air Conditioning, and Refrigeration) systems for marine and offshore applications across multiple vessel segments including merchant vessels, offshore platforms, cruise ships and ferries, naval ships, special vessels, and renewable energy installations. The company leverages more than 75 years of HVAC experience (since 1947) and CFD simulation capabilities to deliver tailored climate-control solutions, complemented by aftermarket service, spare parts, and warranty offerings for the installed base.
Is Novenco A/S a public or private company?
Novenco A/S is a private company. It is classified as unknown and is currently operating.
When was Novenco A/S founded?
Novenco A/S was founded in 1947. It employs 11 to 50 people.
Where is Novenco A/S based?
Novenco A/S is headquartered in Koege, Denmark, in the Europe region.
How does Novenco A/S make money?
Three revenue lines are on record. HVAC&R Equipment Manufacturing is the primary driver. The others are aftermarket Service & Spare Parts and warranty Services.
Who are Novenco A/S's main competitors?
Broad incumbents on record are Johnson Controls, Carrier Global Corporation, Daikin Applied and ALFA Laval. ABB Marine & Ports is listed as an others. Direct peers are Tecnicomar S.p.A., FläktGroup and Heinen & Hopman. Emerging players are Hitema International and FrigorTec GmbH.
Does Novenco A/S have an API?
No public API is recorded for Novenco A/S.
What industry is Novenco A/S in?
Novenco A/S's product category is Marine HVAC&R Systems. Its primary akta.pro industry code is IMAJAIAE, Marine HVAC, Refrigeration & Ventilation Systems, with a secondary code of IMAJAFAI, Interior, HVAC & Accommodation Refurbishment. Its NAICS code is 333415 and its SIC code is 3585.