Norway’s Eitzen Group has become the majority shareholder in technology company Hoglund Marine Solutions after a failed takeover by HAV Group last year.

The companies did not reveal the size of the investment, which was carried out through a share issue.

Hoglund provides sustainable automation services and energy solutions for LNG fuelling, with systems installed on more than 600 ships worldwide.

The strategic investment reinforces Eitzen Group’s long-term commitment to sustainable shipping and focus on future-orientated ship technology as a driver for change in the industry, the partners said.