NORBIT
NORBIT, headquartered in Trondheim, Norway, provides tailored technology solutions to global maritime markets and offers a wide range of services through its various segments including Oceans, Connectivity, and Product Innovation & Realization.
Services
NORBIT provides a diverse range of services, including tailored technology solutions to global maritime markets through its Oceans segment, R&D services, proprietary products, and contract manufacturing through its Product Innovation & Realization segment. Additionally, the company offers Intelligent Traffic Systems based on dedicated short-range communication technology, and innovative IoT solutions for asset and vehicle management through its Smart Data division.
Products
NORBIT specializes in various high-tech products, such as ultra-compact wideband multibeam sonars for subsea and surface platforms, high-resolution sonars for mine detection and classification, and the GuardPoint™ series of intruder detection sonars. The company also offers integrated multibeam echo sounder-equipped Autopilot Solutions for USVs and ASVs, and the NORTrace sonar performance prediction software.
Sectors
NORBIT operates across multiple sectors including maritime markets, traffic systems, asset identification, and vehicle applications. Within these sectors, NORBIT provides solutions like Intelligent Traffic Systems, vehicle-based smart tachographs, satellite-based truck tolling, and integrated monitoring solutions for the maritime sector. The company serves demanding markets, including automotive, medical, defense, energy, marine, and subsea.
Company History
Headquartered in Trondheim, Norway, NORBIT was listed on the Oslo Stock Exchange on 20 June 2019 under the ticker NORBT. The company employs approximately 450 people from 22 different nationalities and operates R&D and manufacturing facilities in Norway and Hungary. NORBIT has a worldwide sales and distribution platform and recorded revenues of NOK 404.4 million in Q1 2024 with an EBIT margin of 10 percent. In April 2024, NORBIT secured a NOK 160 million order from a new European blue-chip client.
Sustainability Strategy
NORBIT's sustainability strategy is based on the double materiality principle and focuses on four overall sustainability topics. The company's approach ensures that both environmental and economic factors are considered, enhancing their overall responsibility and impact on society. This strategy aligns with NORBIT's commitment to long-term sustainable development and corporate responsibility.