Imenco

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.

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

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

• Subsea engineering products
• Hydraulic motor systems
• ROV tooling equipment
• Aviation refuelling systems
• Marine diving systems

Headquarters

HQ city

Aksdal

HQ country

Norway

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. 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.
2. Hydraulic Systems & Components: Sale of Bauer hydraulic motors, hydraulic cylinders, and complete hydraulic systems for maritime, offshore, and industrial applications.
3. Defense Systems Integration: Delivery of comprehensive systems including automation, electrical engineering, mechanical systems, and instrumentation for defense industry contracts with Kongsberg.
4. Engineering Services: Custom engineering solutions, design and strength calculations, testing services, and project management for complex engineering projects.

Pricing tiers

Go-to-market motion3 records

Distribution channels2 records

Marketing channels4 records

Core 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

Named customers8 records

Segments8 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• Kongsberg Defence & AerospacecoreStrategic or Co-development Partner · 1 December 2025Imenco 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

Regional 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

• LinkedInlinkedin.com/company/imenco
• Xx.com/imenco

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries4 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 Imenco