Norwegian Capital Goods Potentially Undervalued Companies

Cadeler

Market Cap: NOK 17.5b

Engages in offshore wind farm installation, operations, and maintenance services in Denmark.

Hexagon Composites

Market Cap: NOK 3.7b

Provides alternative fuel systems and solutions to commercial vehicles and gas distribution companies worldwide.

AutoStore Holdings

Market Cap: NOK 18.7b

Provides robotic and software technology in Norway, Germany, Europe, the United States, Asia, and internationally.

NRC Group

Market Cap: NOK 895.9m

Operates as a rail infrastructure company in Norway, Sweden, and Finland.

Nekkar

Market Cap: NOK 1.0b

Provides technologies, software, and automation solutions to offshore energy, renewables, and aquaculture industries.

Inin Group

Market Cap: NOK 311.6m

An investment company, focuses on infrastructure and industry services in Norway, Sweden, and internationally.

AKVA group

Market Cap: NOK 2.7b

Designs, purchases, manufactures, assembles, sells, and installs technology products; and provides rental and consulting services for the aquaculture industry.

Goodtech

Market Cap: NOK 259.8m

Provides control systems, digitization, and production solutions for production companies in Norway, Sweden, Finland, Europe, and internationally.

Integrated Wind Solutions

Market Cap: NOK 1.8b

Through its subsidiaries, provides offshore wind services in the United Kingdom, the Netherlands, Taiwan, Poland, Belgium, Greece, France, Denmark, Norway, and internationally.

Moreld

Market Cap: NOK 2.4b

Provides integrated solutions for the energy, marine, and industrial sectors in Norway and internationally.

HAV Group

Market Cap: NOK 255.5m

Through its subsidiaries, provides technology and services for maritime and marine industries worldwide.

Cambi

Market Cap: NOK 3.0b

Provides thermal hydrolysis solutions for sewage sludge and organic waste management in Europe, the Americas, Asia, Africa, and Oceania.

Multiconsult

Market Cap: NOK 5.5b

Engages in the provision of engineering design, consultancy, and architecture services in Norway, Sweden, Denmark, Poland, and internationally.

Eqva

Market Cap: NOK 399.6m

Provides technical solutions and services to maritime and land based industries in Norway and internationally.

Aker

Market Cap: NOK 44.6b

Operates as an industrial investment company in Norway, Europa, North America, South America, and internationally.

Hexagon Purus

Market Cap: NOK 720.7m

Provides hydrogen and battery energy storage solutions.

Envipco Holding

Market Cap: NOK 334.6m

Designs, develops, manufactures, assembles, markets, sells, leases, and services reverse vending machines (RVM) to collect and process used beverage containers primarily in the Netherlands, North America, and rest of Europe.