J. Lauritzen joins G&O Maritime Group as minority shareholder in connection with the acquisition of Eltronic FuelTech

G&O Maritime Group has welcomed J. Lauritzen as a new minority shareholder, with the investment coinciding with G&O’s acquisition of Eltronic FuelTech—a strategic move to strengthen the group’s position as a leading niche supplier to the global maritime industry.

G&O Maritime Group comprises a portfolio of specialised maritime technology companies, including G&O Compensators, HJ Lubricators, HECO, Pres-Vac, G&O Bioreactors, Atlas Incinerators, and Global Boiler Services, with a worldwide presence. Polaris Private Equity has been the group’s majority shareholder since 2021.

With the addition of Eltronic FuelTech, G&O Maritime Group will surpass an annual turnover of DKK 1.1 billion and employ more than 700 people across Denmark, Dubai, China, and South Korea. Eltronic FuelTech brings industry-leading fuel system technology enabling vessels to operate on alternative green fuels such as methanol and ammonia, supporting the maritime sector’s accelerating transition toward cleaner energy solutions. The company has achieved strong double-digit growth in recent years and is recognised as a technological front-runner within green fuel supply systems.

Kristian Mørch, CEO of J. Lauritzen, expressed enthusiasm about the investment. “We are very pleased to join G&O Maritime Group as a minority shareholder at a time when the group is accelerating both its growth and technological development,” he said. “G&O’s acquisition of Eltronic FuelTech underscores their ambition to be at the forefront of the maritime industry’s green transition, and we see significant potential in supporting a Danish technology group with deep expertise and a strong global footprint. We have great confidence in the leadership of G&O Maritime Group. In our view, they represent a highly capable team that drives an organisation with strong professional competencies, clear strategic direction, and a culture we truly believe in. We look forward to a close and value-creating partnership.”

Anders Egehus, CEO of G&O Maritime Group, highlighted the significance of the partnership. “Having J. Lauritzen join our ownership group marks an important milestone for G&O Maritime Group,” he said. “J. Lauritzen is a highly respected name in global shipping and having them join our ownership circle is a strong endorsement of both our strategy and our long-term direction. Their deep knowledge of the maritime industry, global perspective, and commitment to the green transition will be valuable as we continue to develop our group. We look forward to working closely with J. Lauritzen as we build an even stronger foundation for supporting our customers in navigating future fuel standards and technological shifts.”

Rune Lillie Gornitzka, partner at Polaris Private Equity, added: “We are very pleased to have J. Lauritzen join as a minority shareholder. Their maritime heritage and focused strategic mindset align exceptionally well with G&O Maritime Group’s ambitions. Their participation strengthens the ownership group and adds an important industry-driven perspective to the continued development of the business. Together, we look forward to supporting G&O in its next growth phase.”

The investment in G&O Maritime Group represents a strategic extension of J. Lauritzen’s broader portfolio. By joining the ownership circle of G&O, J. Lauritzen further strengthens its position in supporting high-quality suppliers to the global maritime industry, complementing existing investments such as Corvus Energy and reinforcing the company’s long-term commitment to driving the maritime sector’s green and technological transition.

For more information visit www.gomaritimegroup.com

20 February 2026