G&O Maritime acquires Eltronic FuelTech to strengthen position in green marine fuel systems
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by Admin
G&O Maritime Group on Thursday (19 February) said it is strengthening its maritime activities through the expansion with fuel‑system specialist Eltronic FuelTech.
G&O Maritime Group has entered into an agreement with the technology group Eltronic Group to acquire Eltronic FuelTech, which will now become part of the maritime group.
By bringing together several strong and market‑leading maritime brands, the group’s overall product portfolio and position towards customers and markets in the maritime industry is significantly enhanced.
With the addition of Eltronic FuelTech, G&O Maritime Group will have a turnover of more than DKK 1.1 billion and employ more than 700 people, the majority of whom are based in Denmark.
The group also has its own offices and production facilities in Dubai, China, and South Korea, as well as an extensive global service network.
The new ownership supports Eltronic FuelTech’s continued growth journey and creates strong synergies between well‑established brands, each of which is a leader within its technological niche in the maritime sector.
CEO of G&O Maritime Group, Anders Egehus, said: “Eltronic FuelTech has delivered impressive double‑digit growth and strong results in recent years, and through innovation established themself as a credible and significant first mover within fuel supply systems for green fuels.
“The company is a very attractive addition to G&O Maritime Group – and a natural strategic match with clear platform advantages and a shared stakeholder landscape.”
Jesper T. Lok, Chairman of the Board of G&O Maritime Group, added: “The addition of Eltronic FuelTech is a natural next step in G&O Maritime Group’s growth strategy.
“We are pleased to add a solid and growing business to the group, creating strong synergies with the existing brands in the Propulsion Management division, and the opportunity to develop and leverage the exciting potential in the aftermarket.”
Eltronic FuelTech’s activities will continue unchanged, and the company will maintain its headquarters at its current location in Hedensted. Louise Andreasen will continue as CEO and, together with G&O Maritime Group, will further develop the business through close collaboration across the group, with a strong focus on meeting future green fuel requirements.
The agreement is expected to be finalised during the first quarter.
Photo credit: Scott Graham
Published: 23 February, 2026
