SHM Solutions AS

Located in Norway, SHM Solutions AS specializes in delivering advanced deck equipment and maritime solutions tailored to withstand the challenges of rough marine environments. Founded in 2013, SHM Solutions AS is based in Molde, Norway, focusing on providing hydraulic and control systems for work boats and service vessels. The company has engaged in one deal, with the most recent deal occurring on February 10, 2026, when GROWIT agreed to acquire a majority stake in SHM Solutions AS. Financial details of the transaction remain undisclosed.

SHM Solutions specializes in providing comprehensive deck equipment and maritime solutions specifically designed for the demanding conditions of rough and salty environments. Their core offerings include a range of hydraulic systems and control systems tailored for work boats and service vessels, ensuring optimized performance and functionality. The solutions are engineered for easy assembly and integration, catering to the needs of maritime professionals who operate in challenging conditions. Customers include various maritime operators and service providers, which leverage SHM's equipment to enhance operational efficiency and safety.

The products are marketed primarily in Europe, with a focus on regions where maritime activities are prevalent, meeting the demands of a diverse client base involved in commercial shipping, fishing, and offshore services. The revenue model for SHM Solutions revolves around direct business-to-business transactions, where they engage with maritime operators and service companies to supply their specialized equipment. Transactions typically involve customized contracts that outline the provision of hydraulic and control systems along with ongoing support services. The company may also establish partnerships with regional distributors to extend its reach in international markets, enhancing its sales capabilities.

Specific pricing structures are determined based on the complexity and customization of the systems supplied, reflecting the unique requirements of each client. Flagship products include advanced hydraulic solutions, which are integral to many maritime operations, ensuring reliable performance in demanding environments. In February 2026, SHM Solutions AS plans to leverage the acquisition by GROWIT to enhance its product offerings and expand into new international markets. The focus will be on developing innovative hydraulic and control systems that address emerging needs in the maritime sector.

Additionally, the company aims to target regions with increasing maritime activities, thereby broadening its operational footprint. Recent funding will be utilized to support these initiatives, facilitating research and development for new product launches and strengthening partnerships with regional distributors.