MMC Green Technology has changed its name to Norwegian Greentech AS after selling the majority of its shares to Havyard Group ASA. It remains an independent company within the Havyard group of companies
Havyard Group ASA now controls 77.78% of the shares in the Norwegian company. The remainder of the shares are controlled by employees of MMC Green Technology who have been with the company since its foundation in 2010.
In 2012, the company received IMO approval of BWMS gen 1, and in 2013 it received the USCG AMS approval.
Havyard chairman Gunnar Larsen said “Norwegian Greentech has developed a compact, energy-efficient and user-friendly ballast water treatment system that fits in very well with our other focus areas. Norwegian Greentech has technology that contributes to strengthening our strategic focus as a sustainable technology company. We look forward to continuing to develop Norwegian Greentech’s potential together with the company’s capable employees.
Norwegian Greentech’s managing director Håvard Gjelseth said “We really believe in what we are doing, and this is the perfect time to invest in ballast water treatment. The market is finally gathering speed, and we have the potential to gain a big market share. We are very positive about continuing our work with Havyard, they will be an important source of support in our work to ensure continued growth and development for the company.”