J. Lauritzen Takes Minority Stake in G&O Maritime Group

G&O Maritime Group comprises a portfolio of specialized maritime technology companies,
including G&O Compensators, HJ Lubricators, HECO, Pres‑Vac, G&O Bioreactors, Atlas
Incinerators, and Global Boiler Services, with a worldwide presence. Polaris Private Equity has
been the group’s majority shareholder since 2021.

With the addition of Eltronic FuelTech, G&O Maritime Group will surpass an annual turnover of
DKK 1.1 billion and employ more than 700 people across Denmark, Dubai, China, and South
Korea. Eltronic FuelTech brings industry‑leading fuel system technology enabling vessels to
operate on alternative green fuels such as methanol and ammonia, supporting the maritime
sector’s accelerating transition toward cleaner energy solutions. The company has achieved
strong double‑digit growth in recent years and is recognized as a technological front‑runner
within green fuel supply systems.

CEO of J. Lauritzen, Kristian Mørch, is excited about the investment in G&O:

“We are very pleased to join G&O Maritime Group as a minority shareholder at a time when the
group is accelerating both its growth and technological development. G&O’s acquisition of
Eltronic FuelTech underscores their ambition to be at the forefront of the maritime industry’s
green transition, and we see significant potential in supporting a Danish technology group with
deep expertise and a strong global footprint.

We have great confidence in the leadership of G&O Maritime Group. In our view, they represent a
highly capable team that drives an organization with strong professional competencies, clear
strategic direction, and a culture we truly believe in. We look forward to a close and
value‑creating partnership.”

Anders Egehus, CEO of G&O Maritime Group, adds:

“Having J. Lauritzen join our ownership group marks an important milestone for G&O Maritime Group. J. Lauritzen is a highly respected name in global shipping and having them join our ownership circle is a strong endorsement of both our strategy and our long‑term direction.

Their deep knowledge of the maritime industry, global perspective, and commitment to the green
transition will be valuable as we continue to develop our group. We look forward to working
closely with J. Lauritzen as we build an even stronger foundation for supporting our customers in
navigating future fuel standards and technological shifts.”

On behalf of Polaris Private Equity, partner, Rune Lillie Gornitzka, adds:

“We are very pleased to have J. Lauritzen join as a minority shareholder. Their maritime heritage and focused strategic mindset align exceptionally well with G&O Maritime Group’s ambitions. Their participation strengthens the ownership group and adds an important industry‑driven perspective to the continued development of the business. Together, we look forward to supporting G&O in its next growth phase.”

A strategic addition to the J. Lauritzen investment portfolio

The investment in G&O Maritime Group represents a strong and natural extension of J. Lauritzen’s
broader strategic portfolio. By joining the ownership circle of G&O, J. Lauritzen further
strengthens its position in supporting high‑quality suppliers to the global maritime industry,
complementing existing investments such as Corvus Energy and reinforcing the company’s
long‑term commitment to driving the maritime sector’s green and technological transition.

Source: J. Lauritzen