Photo credit: Høglund Marine Solutions

Eitzen Group, a family-owned maritime organization headquartered in Oslo, with 140 years of history in shipping, becomes majority shareholder in Norway´s Høglund Marine Solutions through a share issue. The group has sealed an investment agreement with Norway´s Høglund Marine Solutions, a provider of sustainable automation and energy solutions for the maritime industry, with systems installed on more than 600 ships worldwide.

The move is said to reinforce Eitzen Group’s long-term commitment to sustainable shipping, and focus on future-oriented ship technology as a driver for change in the industry, as Høglund Marine Solutions says in a statement.

“We are thrilled to welcome the Eitzen Group as majority shareholder in Høglund and are convinced that this partnership will unleash new opportunities for both organizations, as well as secure our continued strong presence in the shipping environment, as the preferred supplier of quality systems within automation, control and energy solutions”, says Børge Nogva, CEO Høglund Marine Solutions.

“Høglund is a strong brand, and as a supplier of quality automation and energy systems we consider them to be in pole-position for being a differentiator in shaping the future of shipping. We are very excited to become part of a strong team and humbled by the opportunity to play an active role in the board of directors going forward”, says Fridtjof C. Eitzen.