Imenco
Imenco is a Norwegian engineering and manufacturing company providing subsea mechanical products, hydraulic systems, aviation and yacht refueling systems, and machining services to defense, oil & gas, maritime, and industrial customers across Norway, the UK, Brazil, and the US.
- Company typePrivate
- Founded1979
- HeadquartersAksdal, Norway
- Headcount—
- GTM typeB2B
- OfferingHardware or Manufacturing
What Imenco does
Imenco is a privately held Norwegian engineering and manufacturing company founded in 1979, headquartered in Aksdal, Norway, with approximately 450 employees operating from offices in Norway, the UK (Aberdeen), Brazil (Macae), and the United States (Houston). The company operates through five business units — Subsea Mechanical & Engineering, Aviation Fuel & Processing Systems, Yacht Refuelling, Topside & Hydraulics, and Machining & Fabrication — delivering engineered products, systems, and services to defense, oil & gas, maritime/shipping, aviation, aquaculture, renewables, and industrial customers. Core technology centers on subsea mechanical engineering, hydraulic systems (notably a near-six-decade Bauer motors partnership), ROV control systems, and in-house machining and fabrication supported by one of Norway's largest machine parks.
The company's product portfolio spans subsea winches, ROV-operated shackles and tooling, guidewire anchors, diving chambers and communication systems, hydraulic motors and cylinders, aviation and yacht refueling systems, and bespoke engineering services including design and strength calculations. Notable proprietary products include the Imenco Guide Wire Anchor (1985), the Piranha clamp for corrosion protection (2001), the Imenco ROV Shackle (2010), and a jacket landing system for offshore wind (2019). Recent strategic activity includes the company's largest-ever defense contracts with Kongsberg Defence & Aerospace (signed 2025-12, three-year horizon), Brazil market entry via the 2023 acquisition of K Lund do Brasil, and ongoing Americas expansion through new Houston-based commercial leadership.
Revenue is generated through direct enterprise sales of engineered hardware and custom engineering services, with multi-year contracts (particularly in defense) and quote-based pricing. The company also distributes products through a channel partnership with Ashtead Technology, which holds Imenco subsea products in its global rental fleet. Imenco is owned by the Imenco Group holding entity, with ownership and chairmanship held by Geir Egil Østebøvik, CEO Ingunn Ø. Iveland, and CCO Per Erik Skjold-Ødegaard leading commercial strategy.
Imenco firmographics
Firmographics- Name
- Imenco
- Legal name
- Imenco AS
- Website
- https://imenco.com
- Company type
- Private
- Founded year
- 1979
- Operating status
- Operating
- Short description
- Imenco is a Norwegian engineering and manufacturing company providing subsea mechanical products, hydraulic systems, aviation and yacht refueling systems, and machining services to defense, oil & gas, maritime, and industrial customers across Norway, the UK, Brazil, and the US.
- Ownership category
- akta.pro rank
Imenco industry classification
Industry- Product category
- Subsea Engineering & Manufacturing
- NAICS
- Mining and Oil and Gas Field Machinery Manufacturing (33313), Other General Purpose Machinery Manufacturing (3339), Speed Changer, Industrial High-Speed Drive, and Gear Manufacturing (333612)
- SIC
- Special Industry Machinery (No Metalworking Machinery) (3550), Construction, Mining & Materials Handling Machinery & Equip (3530), General Industrial Machinery & Equipment (3560)
- akta.pro primary industry
- Submarine Outfitting, Habitability & Auxiliary Systems Manufacturing (IMAJAOAM)
- akta.pro secondary industries
- Submarine Life Support & Environmental Control Systems Manufacturing (IMAJAOAK), Shipboard Electrical Distribution, Power Conversion & Automation (IMABAKAG)
Keywords
Where Imenco is headquartered
LocationHeadquarters
- HQ city
- Aksdal
- HQ country
- Norway
- HQ region
- Europe
Offices5 records
Markets served
Imenco business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Supply Chain, Marketing or Sales
Revenue model
- Subsea Mechanical Products & Engineering: Sale and engineering of subsea products including guide wire anchors, ROV shackles, lifting equipment, and custom subsea tooling. Revenue generated through product sales and engineering services.
- Hydraulic Systems & Components: Sale of Bauer hydraulic motors, hydraulic cylinders, and complete hydraulic systems for maritime, offshore, and industrial applications.
- Defense Systems Integration: Delivery of comprehensive systems including automation, electrical engineering, mechanical systems, and instrumentation for defense industry contracts with Kongsberg.
- Engineering Services: Custom engineering solutions, design and strength calculations, testing services, and project management for complex engineering projects.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | B2B enterprise sales with customized solutions |
Go-to-market motion3 records
Distribution channels2 records
Marketing channels4 records
Imenco product offering
Product offeringCore offering
Imenco manufactures and sells engineered mechanical, hydraulic, and electro-mechanical products and systems for subsea, aviation, maritime, defense, and industrial applications. Its core portfolio spans ROV tooling (subsea winches, ROV shackles, guide wire anchors, lifting anchors, manipulator jaws, drilling tools), commercial diving systems (chambers, control rooms, communication systems), Bauer hydraulic motors for winches and traverse systems, aviation and yacht refueling systems, and custom machining and fabrication services delivered through one of Norway's largest machine parks.
Product overview
Imenco is an engineering and manufacturing company offering integrated solutions across multiple business units: Subsea Mechanical & Engineering (subsea products, ROV tooling, lifting & handling, diving systems), Aviation Fuel & Processing Systems (refuelling systems for aviation), Yacht (refuelling systems for yachts), Topside & Hydraulics (hydraulic motors, cylinders, systems), and Machining & Fabrication. The product portfolio spans subsea winches, guidewire anchors, lifting anchors, ROV-operated shackles and tools, diving equipment (chambers, control rooms, communication systems), hydraulic motors, and custom engineering solutions. Products serve industries including defence, renewables, aquaculture, marine, industrial, oil & gas, and yacht. The company has approximately 450 employees with locations in Norway, UK, and Brazil.
Differentiator
Problem solved
Functional benefit
Brands
- Imenco Mechanical Products & Engineering: Provides an extensive range of subsea products and engineering services
- Imenco Topside & Hydraulics
- Imenco Aviation & Processing Systems
- Imenco Yacht
- Imenco Machining & Fabrication
- Imenco Bauer
- Imenco Corrosion Technology
- Imenco Future Technologies
Products and services
- Subsea Winches (5Te to 40Te)
- ROV-Operated Shackles (6.5Te to 150Te)
- Guide Wire Anchors
- Lifting Anchors and S-Hook Lifting Anchors
- Combined Weak Link Devices
- ROV Latches and Imenco Eagle Latch
- Commercial Diving Systems
- ROV Tooling Range
- Advanced ROV Control Panels
- SmartDive Monitoring System
- Imenco Bauer Hydraulic Motors
- Aviation Refueling & Process Systems
- Yacht Refueling Systems
- Imenco Piranha Clamp (Corrosion Protection)
- Offshore Wind Jacket Landing System
- Machining & Fabrication Services
- Subsea Engineering Design & Strength Calculation
Quantifiable outcome
- 60+ year partnership with Bauer motor technology supplier - longest customer relationship in maritime sector
- +1 more outcomes
Companies that use Imenco
Customer profileNamed customers8 records
Segments8 records
Ideal customer profiles6 records
Imenco technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Imenco partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Kongsberg Defence & AerospacecoreImenco has signed three new contracts of significant size with Kongsberg, building on previous deliveries but including new and larger international projects. The collaboration draws on Imenco's full expertise within automation, electrical engineering, mechanical systems, and instrumentation. This represents Imenco's largest contract to date in the defense sector, securing work for three years and requiring additional hires across several disciplines.
Scale indicators5 records
Recent moves8 records
Expansion highlights6 records
Imenco competitors and assessment
Company assessmentRegional players
- Subsea 7: Global subsea engineering, construction, and services contractor with significant North Sea and Norwegian operations. Operates adjacent to Imenco in offshore engineering services, though primarily as an installation contractor rather than a product OEM.
Direct peers
- Aker Solutions: Norwegian-headquartered provider of subsea production systems, offshore engineering, and maintenance services to oil & gas operators. Directly comparable to Imenco on subsea mechanical equipment, offshore engineering, and Norway-based service delivery to the same offshore customer base.
- Trelleborg Offshore & Construction: Manufactures polymer-based and engineered solutions for harsh offshore and subsea environments, including lifting and handling products. Comparable to Imenco in supplying safety-critical mechanical components to offshore operators and contractors.
- JFD (James Fisher Defence): Provider of diving systems, submarine rescue vehicles, and hyperbaric equipment to commercial and defense customers. Directly comparable to Imenco's diving systems business (chambers, control rooms, DNV-approved equipment, communication systems) for the same saturation diving customer base.
- Forum Energy Technologies: Global provider of subsea robotics, tooling, and equipment for offshore energy and adjacent markets. Overlaps directly with Imenco's subsea lifting & handling equipment, ROV tooling, and offshore mechanical product portfolio.
Broad incumbents
- Kongsberg Maritime: Norwegian-headquartered supplier of marine and subsea technology, including ROV systems, automation, and underwater sensors. Sister entity of Imenco's defense customer Kongsberg Defence & Aerospace; competes in adjacent subsea technology categories.
- Saipem: Large global oilfield services and offshore engineering contractor with subsea construction and IMR capabilities. Competes with Imenco for offshore engineering scope on major subsea projects, though at significantly larger scale across a broader portfolio.
- Parker Hannifin: Diversified global manufacturer of motion and control technologies, including hydraulic motors, cylinders, and electromechanical systems. Competes with Imenco Topside & Hydraulics in maritime and offshore hydraulic applications as part of a much broader industrial portfolio.
- Bosch Rexroth (Hägglunds): Manufacturer of industrial hydraulic motors and drives — including the Hägglunds hydraulic motor line — that competes with Imenco's Bauer-based hydraulic motor offering in maritime winches, traverse systems, and offshore equipment.
Emerging players
- Drass Group: Italian-headquartered manufacturer of saturation diving systems, chambers, and life-support equipment for commercial and defense diving. Directly comparable niche competitor to Imenco's diving systems product line in saturation control rooms, dive chambers, and LARS equipment.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Imenco social profiles
Digital presenceImenco financial estimates
Financial estimateRevenue estimate
Valuation estimate
Imenco leadership team
Management profileNumber of profiles
Profiles12 records
Imenco subsidiaries and ownership
Company hierarchySubsidiaries4 records
Imenco funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Imenco 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 Imenco
What does Imenco do?
Imenco manufactures and sells engineered mechanical, hydraulic, and electro-mechanical products and systems for subsea, aviation, maritime, defense, and industrial applications. Its core portfolio spans ROV tooling (subsea winches, ROV shackles, guide wire anchors, lifting anchors, manipulator jaws, drilling tools), commercial diving systems (chambers, control rooms, communication systems), Bauer hydraulic motors for winches and traverse systems, aviation and yacht refueling systems, and custom machining and fabrication services delivered through one of Norway's largest machine parks.
Is Imenco a public or private company?
Imenco is a private company. It is classified as management employee owned and is currently operating.
When was Imenco founded?
Imenco was founded in 1979.
Where is Imenco based?
Imenco is headquartered in Aksdal, Norway, in the Europe region.
How does Imenco make money?
Four revenue lines are on record. Subsea Mechanical Products & Engineering is the primary driver. The others are hydraulic Systems & Components, defense Systems Integration and engineering Services.
Who are Imenco's main competitors?
Subsea 7 is listed as a regional player. Direct peers are Aker Solutions, Trelleborg Offshore & Construction, JFD (James Fisher Defence) and Forum Energy Technologies. Broad incumbents are Kongsberg Maritime, Saipem, Parker Hannifin and Bosch Rexroth (Hägglunds). Drass Group is listed as an emerging player.
Does Imenco have an API?
No public API is recorded for Imenco.
What industry is Imenco in?
Imenco's product category is Subsea Engineering & Manufacturing. Its primary akta.pro industry code is IMAJAOAM, Submarine Outfitting, Habitability & Auxiliary Systems Manufacturing, with a secondary code of IMAJAOAK, Submarine Life Support & Environmental Control Systems Manufacturing. Its NAICS code is 33313 and its SIC code is 3550.