ABB acquires Norway's Hoglund to expands marine and ports business

26. Jun 2026

(AWP Alliance News) - ABB Ltd on Friday said it will acquire Tonsberg, Norway-based marine automation specialist Hoglund AS for an undisclosed price.

The Zurich-based electrical engineering firm sees Hoglund adding to "ABB's existing automation offering to marine customers and support further growth in markets across a wide range of vessel segments".

In 2025, Hoglund's annual revenue was about EUR30 million, ABB said. It is currently owned by Eitzen Group and will become part of ABB's Marine & Ports segment.

Financial details of the acquisition were not disclosed. It is expected to complete in the third quarter of 2026. The deal includes Hoglund's global operations, which span Norway, Poland, Romania and China.

Hoglund Chief Executive Peter Morsbach commented: "This is a significant new chapter for our people and technologies. Hoglund's story is one of dedication and passion for the marine industry, and we are proud of the expertise and experience we have cultivated and the solutions we have built. Our system is based on ABB technology, and we look forward to joining ABB and continuing to advance marine automation for the benefit of customers."

Rune Braastad, president of ABB's Marine & Ports division, added: "Hoglund's marine automation portfolio will complement ABB's existing offering with proven and scalable solutions that support our growth ambitions. Combined with our global reach and service capabilities, we have a great foundation for continued success."

ABB shares were down 2.3% to CHF84.76 on Friday morning in Zurich.

By Holly Munks, Alliance News reporter

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