It is with pleasure and pride we announce that Square1 Nordic A/S as of June 1st.
2022 has acquired 51% of the shares in Marine Technic A/S. The acquisition is a
continuation of the planed generational change from the two main shareholders
Thomas Thorsen and Henrik Nielsen.
After almost 25 years with Marine Technic, Thomas Thorsen has decided it is time to seek
new adventures in life. Henrik Nielsen will continue as managing director and partner,
Christian Faurskov will also continue as a partner in Marine Technic.
Marine Technic is widely recognized as a very solid and skillfully run technical maritime
trading house. Marine Technic will continue unchanged as an independent company, with the
same skilled employees and location. Mikkel Engsbro owner of Sqaure1 Nordic will join the
Board of Directors.
Square1 Nordic also owns the maritime companies; MariTeam, GNC Marine, TRIFU and
DEMP. Mikkel Engsbro says; we are pursuing our strategy for growth in the maritime sector
through organic growth and acquisitions. We have spent the last few years preparing for this
expansion, part of the preparation was establishing Sqaure1 Nordic which acts as our
platform for further growth and development of maritime companies.
We see many synergies between the group of companies, which are all involved in the
maritime sector and complement each other by with know-how. Although the products are
different, the terms and processes of trade in the maritime industry are very similar.
Together, we are uniting a strong group of companies which are all recognized in maritime
industry. We will continue our focus and development in our areas of expertise, complement
with new products and partners to develop our business offerings. In the years to come it is
our ambition to attract more maritime companies to the Square1 Nordic group.
About Marine Technic A/S.
Marine Technic is established in 1978. Marine Technic is a major and reliable supplier of
spare parts, technical equipment to vessels all over the world. Marine Technic know the
importance of correct and fast delivery and over the years we have built up very reliable and
good relations with our suppliers, thus always ensuring clients the best possible prices and
possibility to consolidate different makers with a single supplier.
About Square1 Nordic A/S
Square1 Nordic established in 2020 and serves as a shared platform for the development of
maritime companies and is today the owner or co-owner of Marine Technic, MariTeam, GNC
Marine, TRIFU and Danish Engineering & Marine Power (DEMP).
Contact:
Marine Technic, managing director Henrik Nielsen +45 23844100
Square1 Nordic, managing director Mikkel Engsbro +45 53394183
