Marine & Industrial Systems (mis Ltd)

What Marine & Industrial Systems (mis Ltd) does

Marine & Industrial Systems Ltd. (MIS Ltd.) is a privately held Greek distributor and technical services provider founded in 1986 by Angelo Macris (originally as EMIS Ltd., renamed MIS Ltd. in 1996). Headquartered at 332 Andrea Syngrou Ave, Kallithea, Athens, the company operates as an exclusive agent and distributor for first-class marine equipment manufacturers — including Wärtsilä (Gas Solutions, Exhaust Treatment, Moss), Hamworthy Pumps, API Marine, TENMAT, ACO Marine, NextCorr, GIT Coatings, Turbo Diesel Engineering, Purestream, and MAEM — serving ship owners, operators, and shipyards in Greece, Cyprus, and Romania. Its portfolio spans exhaust gas cleaning systems, inert gas systems, MGPS and ICCP systems, LNG/LPG and biogas solutions, pumps and pump systems, tank measuring systems, water conditioning and sewage treatment systems, wear parts and bearings, marine coatings, and a comprehensive spare parts catalog.

The business model rests on three revenue streams: (1) hardware sales via exclusive regional agency agreements with principals; (2) spare parts intermediation between end clients and principals (transaction-fee model) from a dedicated spares department reachable at [email protected]; and (3) engineering and turnkey services covering ballast water management systems, scrubber retrofitting, evaluation reports, scheduling, and installation. Pricing is quote-based with no public disclosure. Customer acquisition runs through a B2B website, direct email, and professional referrals anchored by 40 years of industry tenure and the global service networks of its principals (e.g., Wärtsilä's 70-country service network and Hamworthy's 24-hour on-site engineering response). As of the latest data, MIS Ltd. is rebranding to Margos S.A. as part of a strategic synergy with Interyards and Intermodal, with the entity continuing to operate under the MIS Ltd. designation during the transition.

Name

Marine & Industrial Systems (mis Ltd)

Legal name

Marine & Industrial Systems Ltd.

Website

https://misltd.gr

Company type

Private

Founded year

1986

Operating status

Operating

Headcount range

1–10 employees

Short description

Marine & Industrial Systems Ltd. (MIS Ltd.) is a Greek-exclusive agent and distributor for tier-1 marine equipment manufacturers, supplying equipment, spare parts, and engineering services to ship owners, operators, and industrial customers in Greece, Cyprus, and Romania.

Ownership category

akta.pro rank

Product category

Marine Equipment Distribution

NAICS

Ship Building and Repairing (336611)

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Retrofits, Upgrades & Compliance Conversions (Scrubbers, BWTS, Alternative Fuels, Energy-Saving Devices) (TLAHAMAI)

akta.pro secondary industries

Marine MRO Parts & Consumables Distribution (TLAKAOAJ), Propulsion MRO, Spares & Field Service (Overhauls, retrofits, upgrades) (IMAJAHAN), Piping, Valves & Pumps (Deck/Service Systems Components) (IMAJAIAI)

Keywords

• Marine equipment distribution
• Marine spare parts supply
• Exhaust gas cleaning systems
• Marine engineering services
• Industrial equipment supply

Headquarters

HQ city

Athens

HQ country

Greece

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Marketing or Sales, Others

Revenue model

1. Equipment Sales and Distribution: MIS Ltd. generates revenue by representing and distributing marine equipment from first-class manufacturers (Wärtsilä, Hamworthy, API Marine, Tenmat, etc.) to the shipping industry in Greece, Cyprus, and Romania. The company acts as the exclusive agent for these principals.
2. Spare Parts Supply: The spare parts department acts as intermediary between end clients and principals, ensuring smooth process from quotation through delivery for replacement parts across all equipment categories.
3. Engineering and Turnkey Services: Ballast and scrubber engineering services including evaluation reports, scheduling, proposal for systems, installation cost including engineering, equipment, pipe & fittings, and turnkey installation services.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Marine & Industrial Systems Ltd. (MIS Ltd.) acts as the exclusive Greek agent and distributor for first-class marine equipment manufacturers (Wärtsilä, Hamworthy Pumps, API Marine, Tenmat, ACO Marine, NextCorr, GIT Coatings, Turbo Diesel Engineering), supplying marine equipment, spare parts, and technical services to ship owners, operators, and shipyards in Greece, Cyprus, and Romania. The company provides equipment selection, installation, retrofit, and turnkey engineering services for exhaust gas cleaning systems, inert gas systems, pumps, LNG/LPG solutions, ballast water management, marine coatings, and related spare parts.

Differentiator

Problem solved

Functional benefit

Products and services

• Exhaust Gas Cleaning Systems (Scrubbers) Marine exhaust gas cleaning systems (scrubbers) supplied from principals such as Wärtsilä Exhaust Treatment Systems and other represented manufacturers for vessel compliance with IMO 2020 sulphur cap.
• Inert Gas Systems Inert gas systems supplied to tanker and gas carrier operators for cargo tank safety and compliance.
• MGPS & ICCP Systems Marine Growth Prevention Systems (MGPS) and Impressed Current Cathodic Protection (ICCP) systems for hull, pipework, and seawater cooling system protection, supplied through NextCorr and other principals.
• LNG Solutions LNG (Liquefied Natural Gas) fuel and cargo solutions for shipping operators seeking cleaner fuel alternatives.
• LPG Solutions LPG (Liquefied Petroleum Gas) cargo and fuel solutions for gas carrier operators.
• Biogas Solutions Biogas handling and processing solutions for marine and industrial applications.
• Pumps & Pump Systems Marine and offshore pumps including engine room pumps, pump room systems, fire water pump packages, and exhaust gas cleaning pumps supplied through Hamworthy Pumps and other principals.
• Tank Measuring & Control Systems Tank level, temperature, and density measurement sensors and integrated tank automation systems for tankers and gas carriers supplied through API Marine.
• Wear Parts & Bearings Composite bearings, wear parts, engineering ceramics, high temperature resistant materials, hard metals, and passive fire protection solutions for stern tube, rudder, and propeller applications supplied through Tenmat.
• Water Conditioning Systems Water conditioning systems for industrial and marine applications.
• Water Systems (Sewage & Waste)

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered core and flagship.

• WärtsiläcoreChannel Partner/ Reseller/ DistributorMIS Ltd. is the agent for Wärtsilä Gas Solutions, Wärtsilä Exhaust Treatment Systems, and Wärtsilä Moss. Wärtsilä is a global leader in smart technologies and complete lifecycle solutions for marine and energy markets. MIS handles spares and service inquiries for Wärtsilä Exhaust Cleaning Systems, Wärtsilä Moss, and Wärtsilä Gas Solutions.
• Hamworthy PumpscoreChannel Partner/ Reseller/ DistributorMIS Ltd. represents Hamworthy Pumps in Greece. Hamworthy Pumps is a market-leading manufacturer of specialised in-line pumps for marine and offshore industries including engine room pumps, pump room systems, fire water pump packages, and exhaust gas cleaning pumps.
• API MarinecoreChannel Partner/ Reseller/ DistributorAPI Marine is a Danish company providing proven measurement technologies for tank installations within marine and industry. They supply sensors for level, temperature, density measurement, and integrated tank automation systems for tankers and gas carriers.
• TENMAT Ltd.coreChannel Partner/ Reseller/ DistributorTENMAT is a leading manufacturer of advanced materials and components with over 100 years of experience. Products include wear parts and bearings, engineering ceramics, high temperature resistant materials, hard metals, and passive fire protection solutions. FEROFORM and RAILKO composite bearings are industry standard for stern tube, rudder, and propeller bearings.
• ACO MarinecoreChannel Partner/ Reseller/ DistributorACO Marine is part of the US$1 billion German ACO Group with worldwide sales and service network. Products include membrane bioreactor systems, sewage treatment plants, vacuum technology, grease separators, and stainless steel piping systems. Holds 75% share of cruise market for grease separators.
• NextCorrcoreChannel Partner/ Reseller/ DistributorFounded in 2020, NextCorr has designed and developed its own range of MGPS (Marine Growth Prevention Systems) and ICCP (Impressed Current Cathodic Protection) Systems. Has installed systems on more than 50,000 ships worldwide. Maintains over US$1 million of raw material stocks globally.
• GIT CoatingscoreChannel Partner/ Reseller/ DistributorGIT Coatings is a Canadian marine coatings innovator offering XGIT FUEL (hard foul release hull coating) and XGIT PROP (graphene-based propeller coating). Products help ship operators achieve peak efficiency, optimal vessel performance, and CII rating improvement.
• Turbo Diesel Engineering (TDE)coreChannel Partner/ Reseller/ DistributorTDE is a world-leading independent turbocharger parts stockholder and service company providing comprehensive turbocharger lifecycle solutions for marine and power industries. Has warehouses in Houston, Shanghai, and Rotterdam. Over 85% of orders shipped same day.
• Interyards and IntermodalflagshipStrategic or Co-development PartnerStrategic synergy partners in the rebranding from MIS Ltd. to Margos S.A. The three companies are uniting their expertise and innovation into one unified ecosystem to deliver greater value to partners and clients.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• MacGregor (Cargotec): MacGregor designs and supplies marine cargo and load-handling equipment, often distributed through regional agents in shipping hubs. It is comparable to MIS Ltd. as a marine equipment OEM whose market access in Greece/Cyprus depends on technically capable, relationship-driven local agents like MIS Ltd.
• Alfa Laval: Alfa Laval manufactures marine and industrial equipment including pumps, heat exchangers, fuel systems, and ballast water treatment systems — overlapping with several product categories MIS Ltd. distributes. It is comparable both as a competing principal and as a marine service network with regional service hubs similar to what MIS Ltd. extends to Greek/Cypriot/Romanian customers.
• Wilhelmsen: Wilhelmsen's Marine Products division is a global ship supplier and marine equipment distributor serving shipowners and operators worldwide. It is comparable to MIS Ltd. as a multi-principal marine products distributor with a broad catalogue of equipment, spares, and services, although at substantially larger scale and global geographic reach.
• ABB Marine & Ports: ABB Marine & Ports provides propulsion, electrical, automation, and digital solutions for marine vessels. It is comparable to MIS Ltd. as a provider of high-value equipment to shipowners and operators with global service coverage, and competes with several of the same product categories MIS Ltd. distributes via its principals.
• Kongsberg Maritime: Kongsberg Maritime supplies marine automation, navigation, and safety systems to shipbuilders and shipowners worldwide, with its own global service network. It is comparable because it combines OEM equipment with regional service delivery to shipowners — the same dual equipment-plus-services play that MIS Ltd. executes through its principal relationships in the Greek market.

Others

• Wärtsilä: Wärtsilä is MIS Ltd.'s largest principal (Gas Solutions, Exhaust Treatment, Moss) and a global leader in marine technology and lifecycle services with 70 service centers in 70 countries. It is comparable because Wärtsilä also delivers directly installed equipment, service, and digital offerings to the same shipowner customers in MIS Ltd.'s territory.

Direct peers

• Hanla EMS: Hanla EMS is a Korean marine equipment supplier and engineering service provider serving shipowners in Asia with a similar portfolio of marine equipment and after-sales service. It is directly comparable to MIS Ltd. in terms of business model — regional agency/distribution plus engineering services — though focused on Asian rather than Mediterranean shipowners.
• Aage Hempel Group: Aage Hempel is a long-established Mediterranean and Iberian marine electronics/equipment distributor (founded 1928) that acts as an exclusive agent for leading OEMs across Southern Europe. Its agency-driven distribution model, after-sales service orientation, and regional territorial scope mirror MIS Ltd.'s go-to-market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/marine-industrial-systems-mis-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Marine & Industrial Systems (mis Ltd)