A strong foundation for future success

For over 112 years, Nogva has built its reputation as a trusted provider of marine propulsion solutions. Now, as the company stands at a turning point, it is seizing an opportunity to further develop its market presence. With several of the company’s owners retiring and stepping back, this partnership with Credo ensures continuity, stability, and future growth.

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Committed to local development

Nogva has been a cornerstone of its local community, and maintaining its regional presence and values remains a priority. Finding the right partner was crucial for the existing owners, ensuring that the company remains committed to its employees, customers, and partners.

“Credo’s experience in scaling mid-sized companies while preserving their core values makes them an ideal partner for us,” says Kjell Norvoll, CEO of Nogva. “We look forward to working closely with them to develop the company further while continuing to deliver high-quality solutions to our customers.”

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A gradual and collaborative transition

The transition to new majority ownership will be executed gradually, ensuring close collaboration between existing owners, management, and employees. This change is expected to create new opportunities across all levels of the company, from employees and customers to industry partners. CEO Kjell Norvoll will continue to lead the company until a new CEO is appointed, ensuring a seamless transition.

Credo Partners brings extensive expertise in developing and growing industrial businesses and will support Nogva in expanding its market reach while upholding the values that have made the company a respected name in the industry.