“Our customers have to address global megatrends, with very ambitious goals for minimising their environmental impact and increasingly stringent environmental requirements. HAV Group has the necessary know-how, experience and technology to provide customers with vessels and equipment to achieve these goals, while also increasing profitability, competitiveness and sustainability," said Gunnar Larsen, CEO of HAV Group.

HAV Design AS, HAV Hydrogen AS, Norwegian Electric Systems AS, and Norwegian Greentech AS will collaborate on forward-thinking energy-efficient solutions, according to the announcement.

HAV Group's mission is to contribute to the maritime and marine industry's sustainable development by developing creative and profitable solutions.

HAV Design, in particular, creates ship designs that are both energy-efficient and environmentally sustainable. Furthermore, HAV Hydrogen has created a hydrogen system that allows even larger ships to move longer distances without emitting any pollution.

HAV Group recently increased its resources through a private placement, putting it in a strong position to invest in future development and growth.

A private placement raised NOK 210 million (approximately $24.5 million) for HAV Group. The placement included the issuance of 90 million new shares and the selling of 120 million existing shares for a total of NOK 180 million. Norwegian and foreign investors showed strong interest in the offering.

The group applied to list the business on Euronext Growth, and it was approved on March 4th.

Larsen went on to say that the group's companies will generate more value together than they will individually, and that the stock exchange listing is linked to their desire to enable investments in a publicly listed growth company while also preparing the new group for growth.

Maritime Business World