A strong foundation and a head start to our partnership

For over 112 years, Nogva has built its reputation as a trusted provider of marine propulsion solutions, and the company is now seizing the opportunity to further develop its market presence. Through close collaboration during the transaction process, the owners of Nogva and Credo built a joint game plan, ensuring alignment on vision, strategy and growth ambitions, all while preserving Nogva’s strong and unique culture. This has given our partnership a head start, and only four months into the ownership period we are making good progress on the game plan.

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Good traction and solid results

Since closing of the transaction in March, Nogva is performing beyond Credo’s base case. The current Management team is being strengthened by adding valuable competencies, and a new CEO has already been recruited. A Head of Supply Chain and Head of Aftermarket & Service are further close to being recruited to help drive the next phase of Nogva’s development.

In parallel, several exciting strategic initiatives have been launched, including tangible M&A opportunities to strengthen our position within Aftermarket & Service and accelerate growth within this segment.

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How see the future

By focusing on leadership development, operational optimization, and strategic positioning during the first year of our partnership, we are laying a solid foundation for Nogva to accelerate its growth trajectory. The market for marine propulsion systems is seeing several exciting developments and emerging trends, and we believe Nogva is exceptionally well positioned to capitalize on these opportunities.

We are excited to see what comes next for Nogva.

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