We are pleased to announce that Polaris has acquired a majority stake in G&O Maritime Group, a supplier to the global maritime industry manufacturing a range of niche products for leading shipping companies, shipyards, and engine manufacturers. G&O Maritime Group will be the fifth investment in Polaris’ fund V.

G&O Maritime Group holds a number of market leading niche positions in the broader DKK 300bn maritime equipment space, including tank safety (tank valves) and vibration compensators, which eliminate vibrations on the vessel. G&O Maritime Group generated revenue of DKK 221 million with an operating result (EBITDA) of DKK 42 million in financial year 2020/21.

The transaction is conditional upon approval by the relevant authorities.

Please see the following press releases:
English
Dansk

For more information, please contact:

Polaris
Rune Lillie Gornitzka, Partner
Phone: +45 2462 1464
Mail: rg@polarisequity.dk

Nicolai Vennekilde, Associate Director
Phone: +45 2389 5089
Mail: nve@polarisequity.dk