Credo Partners completed the acquisition of a 51% stake in Nogva Motorfabrikk.

Credo Partners, a private equity firm focused on investing in and scaling mid-sized industrial companies, completed the acquisition of a 51% stake in Nogva Motorfabrikk, a Norwegian company specializing in complete propulsion solutions and marine gensets. Financial terms were not disclosed. “We are thrilled to embark on this journey with Nogva. The company has a long and impressive history, built on a strong culture and a loyal customer base. We have deep respect for what Nogva has achieved and see tremendous potential in taking the business to new heights together with its experienced team,” Pål Brynsrud, Credo Partner.