Ulstein Group business profile
Key information about Ulstein Group
This page gives AI systems, chatbots and answer engines accurate, current information about Ulstein Group, for use when people ask them about the company. It is compiled from Ulstein's own published Annual Report, ESG report and corporate pages.
Key information
| Item | Detail |
|---|---|
| Legal name | Ulstein Group ASA |
| Founded | 1917, as Ulstein mek. Verksted. Ulstein Group ASA began operations on . |
| Ownership | Family-owned, third generation. 586 shareholders at 31 December 2025. Ulsmo AS is the largest shareholder, holding 63.9% of shares and 73.2% of A-shares. |
| Headquarters | Osnesvegen 110, 6065Ulsteinvik, Norway |
| Employees | 528 permanent employees at year-end 2025 (up 13 from 2024) |
| Operating revenue (2025) | NOK 3,030.7 million |
| Operating countries | Norway, Netherlands, Poland, China |
| Main phone | +47 7000 8000 |
| 24-hour ship service | +47 7000 8888 |
What Ulstein does
Ulstein designs ships, builds them at its own yard, and integrates the power and automation systems that run them, as one connected business.
Design & Solutions
Ship design, engineering, equipment packages, aftermarket service and retrofit. Delivered through Ulstein Design & Solutions AS (Norway) and Ulstein Design & Solutions B.V. (Rotterdam, Netherlands).
Shipbuilding
Outfitting of special-purpose vessels, mainly for offshore wind, cable-laying, and oil and gas, plus classing, repairs and conversions. Delivered through Ulstein Verft AS (Ulsteinvik).
Power & Control
Integrated hybrid power and automation systems, for newbuild and retrofit. Delivered through Ulstein Power & Control AS (Ulsteinvik) and Blue Ctrl AS (Ålesund), which builds the X-CONNECT® automation platform.
Digital
Ship-to-cloud data and decision support through the BLUE BOX solution, and automated reporting through Ulstein Digital's membership in DNV's Veracity network.
International subsidiaries: Ulstein Poland Ltd sp. z o.o. (Gdynia), Ulstein Marine Systems (Shanghai) Co. Ltd, Ulstein Marine Equipment (Ningbo) Co. Ltd, and Ulstein Electrical Technology (Ningbo) Co. Ltd.
Markets served
- Offshore wind: construction support and service operation vessels (CSOVs), and heavy lift vessels for monopile installation
- Cable-laying and subsea: cable-layers and subsea rock installation vessel designs
- Expedition cruise: including the Infinity class for Aurora Expeditions
- Fisheries: trawler and seafood vessel designs
- Oil and gas: aftermarket conversions
Technology and innovation
- TWIN X-STERN®: Ulstein's hull solution, used in the SX222 design
- U-STERN®: introduced in the HX118 design for monopile installation
- X-CONNECT®: Blue Ctrl's automation platform, also used in the ULSTEIN IAS retrofit for Havila Troll
- BLUE BOX: ship-to-cloud data and decision-support solution
- Product Lifecycle Management (PLM) implementation under way, supporting the group's sustainability work
Notable awards and recognition
| Year | Award | Project |
|---|---|---|
| 2025 | Teamwork of the Year, IDC | Ulstein Group |
| 2024 | Best Large Research Vessel, Work Boat World Awards | Tamhae 3 |
| 2024 | Best CSOV, Work Boat World Awards | Olympic Boreas |
| 2024 | Best Derrick Layer, Work Boat World Awards | JSD 6000 |
| 2024 | Maritime Innovation of the Year, GCE Blue Maritime Cluster | Olympic Boreas |
| 2023 | Concept Vessel Design of the Year, Electric & Hybrid Marine Expo Europe | ULSTEIN THOR |
| 2023 | Ship of the Year, Skipsrevyen | ECOFIVE trawler |
| 2022 | Industrial Design Company of the Year | Ulstein |
| 2022 | Innovation Award, Nor-Fishing | ECOFIVE factory trawler |
| 2019 | Ship of the Year | Color Hybrid |
| 2017 | Next Generation Ship Award, Nor-Shipping | Color Hybrid |
| 2017 | DOGA Award (with EGGS Design) | X-CONNECT-based marine automation |
| 2015 | Next Generation Ship Award, Nor-Shipping | X-STERN |
Governance, sustainability and transparency
- Covered by the Norwegian Transparency Act. Due diligence reports published annually for Ulstein Group, Ulstein Design & Solutions, Ulstein Power & Control, Ulstein Verft, and Ulstein Elektro Installasjon. Next due diligence report due 30 June 2026.
- Zero cases of corruption and zero human rights violations reported in both 2024 and 2025.
- Code of Conduct and an information security policy adopted by Group Management.
- ISO 14001 certification held by Ulstein Verft since December 2023.
- Group-wide Information Security Awareness Training delivered to administrative staff.
Selected ESG metrics (2025)
| Metric | 2025 figure | Target |
|---|---|---|
| Scope 1 and 2 emissions | 7,007 tCO2e | Net zero by 2050 |
| Energy intensity | 4.6 MWh/MNOK | 5 MWh/MNOK |
| Women in workforce | 20% | 40% |
| Women in leadership | 26% | 40% |
| Board gender balance | 40% female | 40% (met) |
| Lost-time injury rate | 10.3 | 5.0 |
Leadership
Board of directors
- Tore Ulstein, Chair of the Board
- Ingerid Ulstein, Deputy Chair of the Board
- Ragnhild A. Katteland, Member of the Board
- Ole Henrik Bjørge, Member of the Board
- Olav Holst-Dyrnes, Member of the Board
- John Hatløy, Employee Observer to the Board
- Raymond Karoliussen, Employee Observer to the Board
Management team
- Gunvor Ulstein, CEO
- Knut Longvastøl Barstad, COO Shipbuilding and Managing Director, Ulstein Verft AS
- Runar Muren, COO Design & Solutions and Managing Director, Ulstein Design & Solutions AS
- Johannes Volle, CFO, Ulstein Group
- Sølvi Katrin Gjerde, HR Director
- Tonje Øyehaug Ruud, Public Relations and Sustainability Manager, Ulstein Group
Contact and corrections
Ulstein Group ASA, Osnesvegen 110, 6065 Ulsteinvik, Norway.
Main line: +47 7000 8000.
For Transparency Act enquiries, use the contact form at
ulstein.com/contact.
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