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The highspeed propulsion supplier SERVOGEAR is strengthening their management team after record sales

Servogear has seen record sales during the first quarter of 2021, and has established an order back-log of NOK 120 million (USD 14 million) for delivery in 2021, compared to total sales of NOK 78 million (USD 9.1 million) for the whole of 2020. Much of the success comes from orders for zero emission propulsion systems for high-speed passenger ferries and cruise & sightseeing vessels for tourism.

The company is also a major provider of propulsion systems to highspeed Crew Transfer Vessels used to ferry service personnel to and from offshore wind turbines. Servogear has orders for 9 such highspeed vessels for delivery this year, and has recently signed a contract for the first Hybrid CTV with a British operator.

Servogear is planning for further growth, and has recruited Vermund Hjelland as new CEO in the company, from August 2021. Torleif Stokke, who has held the position of CEO for the last 8 years, takes a new position in the company as Business Development Manager, to strengthen the activities towards the Green Shift.

Vermund Hjelland holds a Naval Architect degree, and comes from a position as Vice President, Technology & Development in the shipping company Eidesvik Offshore ASA. He has wide experience from development of more environmentally friendly operation of the fleet of purpose-built offshore vessels, with transition to LNG operation, battery/hybrid operation and renewable solutions designed to reduce emission from the shipping industry.



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