As of today, G&O Maritime Group has entered into an agreement with the technology group Eltronic Group to acquire the fuel-system specialist Eltronic FuelTech, which will now become part of the maritime group. By bringing together several strong and market‑leading maritime brands, the group’s overall product portfolio and position towards customers and markets in the maritime industry is significantly enhanced. With the addition of Eltronic FuelTech, G&O Maritime Group will have a turnover of more than DKK 1.1 billion and employ more than 700 people, the majority of whom are based in Denmark. The group also has its own offices and production facilities in Dubai, China, and South Korea, as well as an extensive global service network.

CEO of G&O Maritime Group, Anders Egehus, is pleased with the addition and looks forward to welcoming Eltronic FuelTech to the group: “Eltronic FuelTech has delivered impressive double‑digit growth and strong results in recent years, and through innovation established themself as a credible and significant first mover within fuel supply systems for green fuels. The company is a very attractive addition to G&O Maritime Group – and a natural strategic match with clear platform advantages and a shared stakeholder landscape.”

Jesper T. Lok, Chairman of the Board of G&O Maritime Group, adds: “The addition of Eltronic FuelTech is a natural next step in G&O Maritime Group’s growth strategy. We are pleased to add a solid and growing business to the group, creating strong synergies with the existing brands in the Propulsion Management division, and the opportunity to develop and leverage the exciting potential in the aftermarket.”

Please see the following press release:

English

For further information, please contact:
G&O Maritime group:
Eltronic FuelTech: