Grieg Logistics AS
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Grieg Logistics AS - overview
Established
1884
Location
Bergen, -, Norway
Primary Industry
Logistics & Distribution
About
Based in Bergen, Norway, and founded in 1884 and led by Chief Executive Officer Stig Trygve Andersen, Grieg Logistics AS operates as a provider of wide range of logistics services, including transportation, storage, and distribution of goods. They handle aspects such as inventory management, freight forwarding, and warehousing to ensure efficient supply chain operations. In June 2024, Grieg Group acquired Grieg Logistics AS. Grieg Logistics AS provides integrated digital solutions for project logistics, governmental services, and many more.
The company offers various solutions such as maritime logistics for onshore and offshore customers, handling agency, husbandry, procurement, chartering and harbor support, additional ship husbandry services, diving assistance, life raft service, freight forwarding, advisory services, and many more. In addition, the firm provides the Strategic partner to the Norwegian Armed Forces with civilian logistics solutions for operations.
Current Investors
Grieg Group
Primary Industry
Logistics & Distribution
Sub Industries
Logistics & Distribution, Freight Transportation Services
Website
www.grieglogistics.no/
Total Amount Raised
Subscriber access only
Grieg Logistics AS - timeline of key events
Grieg Logistics AS - financials
| Fiscal Year Ended | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 418,940,456 | 399,227,205 | 275,812,057 | 261,635,036 | 322,583,074 | 366,598,489 | 341,534,660 | 363,181,612 | 410,636,755 | - | - | - |
| % Revenue Growth (YoY) | - | (4.7%) | (30.9%) | (5.1%) | 23.3% | 13.6% | (6.8%) | 6.3% | 13.1% | - | - | - |
| EBITDA (USD) | (508,060) | (10,688,500) | (8,779,538) | (6,313,745) | (4,978,888) | (176,688) | (4,320,891) | (681,481) | (167,251) | - | - | - |
| Operating Income (USD) | (1,794,548) | (11,889,996) | (9,415,040) | (6,754,606) | (5,383,108) | (604,109) | (4,747,116) | (1,060,686) | (658,136) | - | - | - |
| Operating Margin | (0.4%) | (3.0%) | (3.4%) | (2.6%) | (1.7%) | (0.2%) | (1.4%) | (0.3%) | (0.2%) | - | - | - |
| % EBITDA Margin | (0.1%) | (2.7%) | (3.2%) | (2.4%) | (1.5%) | (0.0%) | (1.3%) | (0.2%) | (0.0%) | - | - | - |
| NET Income (USD) | (2,863,143) | (16,167,372) | 3,152,656 | (688,674) | (43,738,784) | 10,398,665 | (1,911,205) | 4,205,158 | 4,870,114 | - | - | - |
| % Net Margin | (0.7%) | (4.0%) | 1.1% | (0.3%) | (13.6%) | 2.8% | (0.6%) | 1.2% | 1.2% | - | - | - |
Grieg Logistics AS - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Corporate Carve Out, Trade Sale | Completed | Grieg Logistics AS | - | ||||||||
| Corporate Carve Out, LP Direct | Completed | Grieg Logistics AS | - |
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Grieg Logistics AS - employee data
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