Fjord Defence Group ASA (S5B0)

Overview

Fjord Defence Group ASA is a Norwegian defence compounder that specializes in the acquisition and growth of small to mid-sized, profitable defence technology companies. With its proactive buy-and-build strategy, the company focuses on firms that have revenues between NOK 100–300 million, showcasing strong leadership, solid profitability, and significant growth potential in defence, security, and related sectors. Fjord Defence Group ASA is poised to benefit from a multi-decade upcycle in global defence spending, with an ambitious goal of reaching NOK 2 billion in revenue within the next 3 to 4 years through a combination of accretive acquisitions and organic growth.

In 2025, the company made a strategic acquisition of Fjord Defence AS, a leading specialist in weapon mounts, tripods, pedestals, and accessories tailored for ground, vehicle, and maritime applications. Additionally, the acquisition of Scanfiber Composites A/S enhanced its niche capabilities in advanced defence equipment. Based in Oslo, Fjord Defence Group ASA is managed by a lean team of about three employees, allowing it to grant autonomy to its portfolio companies while providing access to necessary capital and public markets. Furthermore, the company effectively manages legacy assets, such as a seismic multi-client library, which serves as a liquidity reserve for future defence-focused initiatives, positioning Fjord Defence Group ASA as a pivotal player within the aerospace and defence industry under the broader industrials sector.

Products and Services

• Weapon Mounts: Fjord Defence Group ASA offers advanced weapon mounts that cater to various military and defense requirements, ensuring optimal functionality and performance in combat scenarios.
• Tripods: The company provides durable and reliable tripods designed for stability and precision in the deployment of weapon systems.
• Pedestals: Specialized pedestals are available that facilitate secure mounting and operational flexibility for weaponry in diverse environments, including ground and maritime applications.
• Accessories: A range of accessories is offered to enhance the effectiveness and adaptability of defence equipment, including components that support quick setups and operational readiness.
• Advanced Defence Equipment: Through the acquisition of Scanfiber Composites A/S, Fjord Defence Group ASA has fortified its capabilities in producing advanced equipment utilizing high-performance materials suitable for military application.