Fives Cryogenics Business Unit.
Acquisition in 2025
Fives Cryogenics Business Unit is part of the Fives group focused on cryogenic heat transfer and pump technologies.
NRG Marine
Acquisition in 2025
NRG Marine specializes in ultrasonic anti-fouling technologies designed to combat marine fouling.
Malta
Venture Round in 2023
Malta Inc. is a developer of innovative industrial-grade energy storage solutions based in Cambridge, Massachusetts. Founded in 2018, the company focuses on a unique electro-thermal energy storage system that captures energy from diverse sources including wind, solar, and fossil fuels. This system converts electrical energy into thermal energy and stores it in molten salt, allowing for energy to be held for extended periods. When demand arises, the stored thermal energy is reverted back into electrical energy and dispatched to the grid, ensuring a reliable supply of electricity. Malta's technology addresses challenges such as wind and solar curtailment and enhances the efficiency of electricity distribution and transmission, thus playing a pivotal role in delivering affordable and timely energy to the market. Incubated at X, the Moonshot Factory, the company is backed by prominent venture capital and commercial partners in the power industry.
MPS is a maritime technology and marine engineering company. They provide fluidic air lubrication solutions for shipping. The solution for fluidics is to generate micro air bubbles with high control while maintaining the largest air layer of any existing solution.
BunkerMetric
Acquisition in 2022
BunkerMetric is a software company focused on the marine bunkering industry, providing innovative solutions that leverage advanced digital technologies. The company develops a bunker procurement optimization software that employs AIS data and proprietary algorithms to create detailed timelines of activities for bunker barges operating at specific ports. This software aids operators and bunker buyers by facilitating the development of effective bunker purchasing plans, enabling organizations to uncover strategic insights and optimize their bunkering processes. BunkerMetric's solutions aim to enhance decision-making and improve efficiency within the marine fuel supply chain.
Scanjet Marine & Systems
Acquisition in 2022
Scanjet is a global manufacturer and distributor of tank cleaning equipment and solutions for marine, offshore, and industrial applications.
Liquid Wind
Series B in 2022
Liquid Wind AB, founded in 2017 and based in Gothenburg, Sweden, is a company focused on producing carbon-neutral fuel from carbon dioxide and wind energy. It specializes in developing technology that captures carbon dioxide and combines it with hydrogen and water to generate renewable electricity, ultimately producing green methanol. This alternative fuel aims to serve as a sustainable substitute for fossil fuels, significantly reducing CO2 emissions. Liquid Wind's mission is to contribute to a substantial reduction of global emissions, targeting a decrease of 50 million tonnes annually, which is equivalent to Sweden's total emissions. The company's innovative approach positions it as a key player in the alternative fuel sector.
Desmet Ballestra
Acquisition in 2022
Desmet Ballestra Group N.V. is a leading engineering firm specializing in the design and supply of plants and equipment for various industries, including oils and fats, animal feed, oleochemicals, biodiesel, detergents, and surfactants. Founded in 1946 and headquartered in Zaventem, Belgium, the company has established a strong global presence with operations in multiple countries, including the United States, China, and several nations across Europe and Latin America. Desmet Ballestra provides a comprehensive range of solutions, including oilseed pressing, solvent extraction, oil refining, and fat modification, alongside equipment for producing detergents and chemicals. With over 70 years of experience, the company is recognized for its innovative research and development capabilities and maintains a diverse and extensive customer base worldwide.
StormGeo
Acquisition in 2021
StormGeo is a provider of data science and weather intelligence, specializing in delivering weather information and decision support services to a diverse global customer base. Founded in 1998 and based in Bergen, Norway, the company offers advanced solutions across various industries, including shipping, renewable energy, aviation, oil and gas, and media. With eight forecasting centers worldwide, StormGeo is recognized for its high-quality forecasts and commitment to innovation through extensive research and development. The company's services enable clients to navigate operational challenges in dynamic environments, ensuring safe operations at sea, optimal shipping routes, and secure offshore platform management. StormGeo's dedication to exceptional customer service further enhances its reputation as a trusted partner for weather-sensitive operations.
Malta Inc. is a developer of innovative industrial-grade energy storage solutions based in Cambridge, Massachusetts. Founded in 2018, the company focuses on a unique electro-thermal energy storage system that captures energy from diverse sources including wind, solar, and fossil fuels. This system converts electrical energy into thermal energy and stores it in molten salt, allowing for energy to be held for extended periods. When demand arises, the stored thermal energy is reverted back into electrical energy and dispatched to the grid, ensuring a reliable supply of electricity. Malta's technology addresses challenges such as wind and solar curtailment and enhances the efficiency of electricity distribution and transmission, thus playing a pivotal role in delivering affordable and timely energy to the market. Incubated at X, the Moonshot Factory, the company is backed by prominent venture capital and commercial partners in the power industry.
Sandymount
Acquisition in 2021
Sandymount is a process technology company that specializes in innovative liquid filtration solutions for beverage manufacturers. The company has developed advanced hyperfiltration technology capable of significantly reducing water content in beverages, such as beer, by up to three-quarters. This process not only preserves the sensory characteristics and taste of the products but also allows beverage producers to transition to a concentrate-based supply chain. By minimizing shipping costs and enhancing convenience for consumers in various settings, Sandymount aims to support leading beverage manufacturers in achieving greater efficiency and quality in their operations. The company's commitment to safety, quality, and responsiveness underpins its mission to deliver effective solutions tailored to the needs of the beverage industry.
Malta Inc. is a developer of innovative industrial-grade energy storage solutions based in Cambridge, Massachusetts. Founded in 2018, the company focuses on a unique electro-thermal energy storage system that captures energy from diverse sources including wind, solar, and fossil fuels. This system converts electrical energy into thermal energy and stores it in molten salt, allowing for energy to be held for extended periods. When demand arises, the stored thermal energy is reverted back into electrical energy and dispatched to the grid, ensuring a reliable supply of electricity. Malta's technology addresses challenges such as wind and solar curtailment and enhances the efficiency of electricity distribution and transmission, thus playing a pivotal role in delivering affordable and timely energy to the market. Incubated at X, the Moonshot Factory, the company is backed by prominent venture capital and commercial partners in the power industry.
Frank Mohn
Acquisition in 2014
Frank Mohn AS, which is based in Bergen, Norway, is the parent company of Frank Mohn worldwide. From its beginning in 1938, this company has grown into a worldwide organization with subsidiaries on three continents. Initially the main activity was the importation of foreign marine equipment to Norway. After World War II, Frank Mohn AS began developing and manufacturing its own products such as emergency generator sets for link communication and emergency firefighting pumps. Frank Mohn`s international activities began with the introduction of high pressure hydraulically driven pumps in the early sixties. Frank Mohn AS was then among the first in applying hydraulic drive to marine pumps. The hydraulic drive on marine pumps had the advantages of low weight, stepless capacity control and no explosion risk. At first the Framo range consisted of dredge pumps, fish pumps and chemical pumps delivered as portable submersible units.
Aalborg Industries
Acquisition in 2010
Aalborg Industries is a prominent equipment and service supplier in the marine sector, specializing in the manufacturing and supply of marine boiler systems. The company also provides a variety of industrial products tailored for selected key markets. Its offerings include inert gas systems, thermal fluid systems, and shell and tube heat exchangers. Aalborg Industries is known for producing essential heat and steam generation components, such as heat exchangers, burners, and control systems, which are vital for efficient energy management in both marine and industrial applications.