What ecomar ab does

Team Electric Group (legal entity: Team Electric Oy Ab) is a privately held, Finland-incorporated marine electrical services company founded in 2002, headquartered in Ingå, Finland, with 12 operational offices across 9 European countries (Finland, Germany, Poland, France, Croatia, Portugal, Spain, Romania, and Åland). The company delivers turnkey electrical packages for both newbuild and refit markets across cruise ships, RoPax and RoRo ferries, expedition vessels and yachts, general cargo, navy, and offshore platforms — covering the full project lifecycle of engineering & design, project management, procurement, electrical and mechanical installation, commissioning, and ongoing service & support. Reported annual revenue exceeds €70 million, supported by 800+ full-time equivalents and a track record of more than 1,000 completed marine and offshore projects.

Underlying technical capability spans power distribution, automation and monitoring, integrated bridge systems (including ECDIS, radar, INS Bridge, Backup Bridge / SRtP), dynamic positioning, communication systems (GMDSS, VHF/UHF/LTE, satellite, DECT), safety systems, and energy storage systems with DC-bus distribution and PMS-EMS integration. Notable specialized offerings include ballast water treatment system (BWTS) retrofits, scrubber systems for IMO 2020 sulphur compliance, and battery/ESS turnkey retrofits — the 2022 Tycho Brahe ESS upgrade (4.2→6.7 MWh) is cited as the largest battery pack retrofit installed on a ferry at the time of execution.

The business model is project-based B2B services delivered through direct enterprise field sales — a structured sales organization with a Sales & Estimation manager and country/regional managers — targeting ship owners, operators, and shipyards. Pricing is quote-based per project scope, with multi-year contract cadence on large packages. Revenue mix is dominated by one-time turnkey electrical project services with a recurring service & support layer. Marquee customers include Royal Caribbean, Celebrity Cruises, TUI Cruises, Stena Line/Stena RoRo, Viking Line, ForSea, FinFerries, Finnlines, TT Line, and Fox Tankers; technology and shipyard partners include Meyer Turku, Navantia, Öresund Drydock, Fugro Norway AS, Alfa Laval, Rolls-Royce, Kongsberg, and SEAM. The company is ISO 9001 certified (Bureau Veritas).

Name

ecomar ab

Legal name

Team Electric Oy Ab

Website

https://ecomar.fi

Company type

Private

Founded year

2002

Operating status

Operating

Short description

Team Electric Group is a Finland-headquartered, privately held provider of turnkey marine electrical services — engineering, design, procurement, installation, and commissioning — for cruise ships, ferries, offshore, and naval vessels, with 800+ FTE across 9 European countries.

Ownership category

akta.pro rank

Product category

Marine Electrical Services

NAICS

Ship Building and Repairing (336611), Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (334511)

SIC

Ship & Boat Building & Repairing (3730), Search, Detection, Navagation, Guidance, Aeronautical Sys (3812), Misc Industrial & Commercial Machinery & Equipment (3590)

akta.pro primary industry

Marine Electrical Installation, Commissioning & Field Services (IMAJAJAL)

akta.pro secondary industries

Electrical, Automation & Control Systems (Power, PLC/SCADA, Navigation/Comms Integration) (TLAHAMAE), Retrofits & Modernization (Scrubbers, Ballast Water, Alternative Fuels, Energy-Saving Devices) (IMAJAFAH), Retrofits, Upgrades & Compliance Conversions (Scrubbers, BWTS, Alternative Fuels, Energy-Saving Devices) (TLAHAMAI)

Keywords

• Marine electrical engineering
• Vessel retrofit services
• Ship automation systems
• Marine energy storage
• Ballast water treatment

Headquarters

HQ city

Mariehamn

HQ country

Finland

HQ region

Europe

Offices10 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D

Revenue model

1. Turnkey Electrical Project Services: Project-based revenue from delivering complete electrical packages covering engineering, design, procurement, installation, and commissioning for newbuild and refit marine projects. Revenue recognized over project duration with both one-time and recurring client engagements.
2. Service & Support: Ongoing maintenance, repair, and support services for navigational equipment, electrical systems, automation, and mechanical work on marine vessels.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Ecomar provides maritime engineering, automation, and technical services for vessel modernization and environmental compliance. The company delivers turnkey electrical packages covering engineering, design, procurement, installation, and commissioning for newbuild and refit marine projects across cruise ships, ferries, offshore platforms, and naval vessels. Service offerings include power distribution, integrated bridge systems, navigation, communication, automation, safety systems, energy storage systems, ballast water treatment, and scrubber installations.

Product overview

Team Electric is a marine electrical services company offering a comprehensive portfolio of integrated services rather than a single software product. The core offering consists of six interconnected service pillars: Engineering & Design, Project Management, Procurement, Installations, Commissioning, and Service & Support. These services are delivered as turnkey electrical packages for the newbuild and refit markets. Specialized solutions build upon this foundation, including Energy Storage Systems (ESS) for battery retrofits, Ballast Water Treatment Systems (BWTS), Scrubber Systems for emissions compliance, and Fugro Oceanstar positioning systems. The company serves diverse vessel types including cruise ships, expedition vessels, yachts, RoPax & RoRo ferries, general cargo vessels, navy vessels, and offshore platforms.

Differentiator

Problem solved

Functional benefit

Products and services

• Engineering & Design Services Comprehensive electrical engineering and design services for marine vessels including electrical outfitting plans, power distribution, automation systems, communication systems, safety systems, navigation systems, and integrated bridge systems. Targeted at ship owners, operators and shipyards requiring newbuild or refit design work.
• Project Management End-to-end project management for marine electrical projects covering planning, organizing, risk management, execution, communication, and documentation. Targeted at shipyards and ship owners running complex multi-stakeholder newbuild and refit programs.
• Procurement Services Complete procurement process management including need identification, supplier selection, negotiation, contracting, order placement, receipt inspection, and payment management for marine electrical project components. Targeted at shipyards and ship owners needing material sourcing at scale.
• Electrical & Mechanical Installations Installation services for public and accommodation areas (lighting, sound systems, fire alarms, CCTV), technical areas (HVAC, elevators, galleys), ship efficiency systems, and complete system installations including ballast water treatment and scrubber systems. Targeted at shipyards and vessel operators executing newbuild and refit work.
• Commissioning Services Marine systems commissioning including propulsion, navigation, electrical and communication systems testing, inspections, and adjustments to ensure functionality, efficiency, and safety compliance. Targeted at ship owners and yards bringing newbuild or refit vessels into service.
• Service & Support Maintenance and repair services for navigational equipment, electrical and automation systems, and mechanical work on in-service vessels. Targeted at ship owners and operators needing post-delivery lifecycle support.
• Energy Storage Systems (ESS) Turnkey battery and energy storage system installations for vessels, including retrofitting larger ESS packages, battery pack installation, control units, and supporting infrastructure. Targeted at ferry and vessel operators pursuing hybrid or full-electric propulsion.
• Ballast Water Treatment Systems (BWTS) Turnkey installation of ballast water treatment systems including design, project management, 3D scanning, mechanical work, piping installation, and pre-commissioning. Targeted at ship owners and operators needing IMO D-2 compliance.
• Scrubber Systems Exhaust gas scrubber tower installation services including electrical installation, demolition work, procurement, cabling, sensor installations, and project management. Targeted at ship owners needing IMO 2020 sulphur cap compliance.
• Fugro Oceanstar Positioning Systems Turnkey delivery and installation of Fugro Oceanstar satellite-based navigation and onboard decision support systems including consultancy, vessel assessment, systems setup, hardware delivery, installation, commissioning, and crew training. Targeted at cruise lines and commercial vessel operators requiring precise satellite-based positioning.
• Turnkey Electrical Packages Comprehensive turnkey electrical packages combining engineering, design, procurement, installation, and commissioning for newbuild and refit markets across cruise ships, ferries, and other vessel types. Targeted at ship owners and shipyards seeking a single multidisciplinary electrical partner.

Quantifiable outcome

• 1,000+ completed marine and offshore projects
• +3 more outcomes

Named customers11 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Six partnerships are on record, tiered core.

• Stena RoRocoreStrategic or Co-development Partner · 1 January 2020Stena RoRo engaged Team Electric together with Scanunit to install scrubber towers on A Nepita in Piraeus, Greece. Team Electric handled the entire electrical installation including demolition, procurement, cabling, sensors, and project management. The partnership demonstrates Team Electric's role as a trusted turnkey solutions provider for Stena RoRo newbuilding and retrofit projects.
• ForSeacoreStrategic or Co-development PartnerForSea, owner of the all-electric Tycho Brahe ferry, engaged Team Electric for the landmark battery retrofit that became the largest battery pack ever installed on a ferry at the time. Team Electric delivered turnkey engineering, steel structure, HVAC, firefighting, safety systems, and electrical installation for the 4.2MWh to 6.7MWh ESS upgrade.
• Öresund DrydockcoreStrategic or Co-development PartnerÖresund Drydock served as the shipyard for the Tycho Brahe battery retrofit project, collaborating closely with ForSea and Team Electric for the installation of the new battery compartments purpose-built by Team Electric.
• Navantia ShipyardcoreStrategic or Co-development PartnerNavantia Shipyard in Cadiz, Spain partnered with Team Electric on the Oasis of the Seas capacity upgrade project. Team Electric served as turnkey solutions provider delivering electrical design, procurement, and installation across multiple deck areas and galley upgrades in coordination with the shipyard.
• Meyer Turku ShipyardcoreStrategic or Co-development PartnerMeyer Turku Shipyard partnered with Team Electric for the construction of Icon of the Seas. Team Electric provided turnkey design, procurement, installation, and electrical metalwork services across 20 decks, guest cabins, crew areas, and signature attractions including the Aqua Dome.
• Fugro Norway AScoreTechnology or IntegrationLongstanding installation partner of Fugro Norway AS, delivering turnkey services for Fugro Oceanstar satellite-based positioning and navigation systems across an extensive fleet including cruise ships, cargo vessels, and ferries. References include Royal Caribbean, Princess Cruises, AIDA, Costa, and CMA CGM vessels. Services include consultancy, vessel assessment, systems setup, hardware delivery, installation, commissioning, and crew training.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• RH Marine: RH Marine is a Dutch marine electrical and automation systems integrator delivering turnkey engineering, installation, and lifecycle support for naval, offshore, and commercial vessels — a near-direct functional peer to Team Electric's core business model.
• Bakker Sliedrecht: Bakker Sliedrecht is a Netherlands-based marine electrical systems integrator specializing in power distribution, propulsion drives, and energy storage for vessels, closely matching Team Electric's turnkey electrical scope and target customer base.
• Vard Electro: Vard Electro (part of the Fincantieri-owned Vard group) provides marine electrical installation and system integration for offshore and specialized vessels, directly competing with Team Electric in the electrical contracting space for newbuild and refit work.
• Tidal Marine: Tidal Marine is a UK-based marine electrical services provider offering design, installation, and commissioning for commercial, naval, and offshore vessels — overlapping with Team Electric on turnkey electrical delivery to ship owners and yards.

Broad incumbents

• Wärtsilä: Wärtsilä is a large marine systems OEM whose portfolio (electrical, automation, navigation, energy storage) overlaps with Team Electric's integrated solutions, but at much greater scale and with proprietary technology rather than integration services alone.
• Kongsberg Maritime: Kongsberg Maritime supplies integrated bridge systems, navigation, and automation hardware that Team Electric installs and integrates as a third party, making it a partial competitor on system-level scopes and a key technology supplier.
• ABB Marine & Ports: ABB Marine & Ports provides marine electrical propulsion, power, and automation systems to shipyards and ship owners globally, competing with Team Electric on large electrical scopes while also supplying equipment that Team Electric integrates.
• Siemens Energy Marine: Siemens Energy supplies marine electrical systems (switchboards, drives, automation) and competes with Team Electric on shipyard electrical scopes, particularly for naval and offshore projects where it offers both products and integration.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/ecomar-ltd

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries9 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 ecomar ab