Published: 17 December 2013 at. 10:20 – Updated: 17 December 2013 at. 12:35
Deloitte has ranked Europe’s 500 fastest growing technology companies measured by revenue. In the list we find 41 Norwegian companies.
top of the Norwegian is Optimarin AS.
Acting manager Tore Andersen was earlier this fall surprised when he learned that the company topped the list of the fastest-growing technology companies in Norway, Fast 50
reason is that Optimarin can show revenue growth of 5534 percent in the period 2008-2012.
Purification of ballast water
When Deloitte recently announced the European list, Fast 500, which Optimarin came in first place in Europe under the category “Semiconductor, Components and Electronics”, the reaction was somewhat more distant.
– The fact that we came in first place in Norway shocked us most definitely. That we then could come out well in the Fast 500, we were therefore a little more prepared, says Andersen.
Optimarin is one of the first companies in Norway that delivers treatment systems for ballast water to prevent the spread of microorganisms into foreign waters.
Although the category “Semiconductor, Components and Electronics” may seem out of place, there was no better group to put them in.
– It certainly was the closest we came, Andersen says, laughing.
Read also: Battery on ships saves the environment 10 times as much CO2 as the battery in cars
newcomer
Clavis Pharma who came in second place among the Norwegian companies, has put all its research and development activities. They fall technically from the list because they do not further within Deloitte’s criteria, get TU know after a short phone call.
In practice Clavis Pharma’s loss at newcomer Admin Control takes second place over Norway’s fastest growing technology companies.
Admin Control has had a percentage sales growth of 3861 percent and the 33 place on the European list.
delivers digital IT solutions in terms of safe exchange of sensitive documents, which is used to manage work, diligence (due diligence) and tendering processes in both state and private enterprises.
– It was a very positive surprise to get so high on the list. We were established in 2005, but it takes time to get started. First, in 2010 we came to “break even”, which was our goal. After this we had a very nice growth. We struck a nerve in the market where we provide local presence and support, says Managing Director of Admin Control, Christian Petersen.
See also: All the Norwegian representatives in Fast 500 2013
Norway number 5
Norway is the fifth most represented country on the Deloitte Fast 500 list. With 41 members on the list, is Norway heels of Sweden predict fourth place with its 50 representatives. France, Britain and the Netherlands thrones top 3 list. Germany is “only” 7 space.
Andersen Optimarin is not surprised that Norway does it well.
– We have a good economy in the country. We have had the money to build businesses that have been innovative and therefore has been able to grow.
Andersen explains that their success in some areas are not entirely comparable with any other.
– We’ve been good, early and made our share of the market that has only just begun. But we are the market called Ballast Water Treatment, which arose out of the regulations. It’s certainly something different from other emerging markets.
In 2006 Parliament agreed to accede to the Convention Ballast, which makes it mandatory that ballast water on board ships must be cleaned. Although the injunction has been exposed, many ships started early with introducing purification systems. And with a contract of 100 million by Saga Shipholding, it went quickly up the ladder, according to Andersen.
Read also: 40,000 vessels need systems to kill microorganisms
must encourage more innovative thinking
Admin Control delivers to customers in Norway, Denmark, Sweden and Germany and believes that the combination between market demand and local foundation has been instrumental to its success.
Although Petersen originally Danish, and he believes that both Norway and Denmark should look up to Sweden when it comes to lift up innovation.
He believes that Sweden is at the forefront both in terms of encouraging entrepreneurship and the mind-set that involves taking risks.
– The fear is too big to fail. I would consider a mistake that contractor as a very mature move. If you never try, then you should now at least not to any thing. If we take a look even further back – to the United States, one sees that they are the light years ahead. Where is the pride in trying and pride in error. The American mentality is that if you try, then you are “super cool”, even if you fail. We must dare to make mistakes in innovation spirit, says Petersen.
He believes, however, that Norway has a very mature market for technology in both the business and consumer side, adding that it is appealing to more local alternatives to the major vendors in the technology industry.
Read also: He follows the dream of a closet in Silicon Valley
most frequently represented the country in the Deloitte Fast 500 list in 2013. Photo: Deloitte
of success recipes for Norwegian technology industry is, according to Andersen that companies cooperate increasingly with each other.
– Norway is a country where there is more focus on helping each other. For example, we share in the maritime industry information with each other within the industry. We work closely with each other. And I think it’s a bit of what makes us win that big forward. We have a more flat structure. It separates us from as many companies in Asia that looks at the hierarchy as more important than solutions.
Andersen believes that Norway is a country with many innovative people and with its rich culture is accustomed to fend for themselves .
– I think we should spend even more money on innovative initiatives and support those who have good ideas. We can not live by the “black coming out of the sea” life. That’s an established fact. Not least, we have schemes that can help inventors that they have good ideas to reach the goal.
For the next twenty years, Andersen believes it is very important that it be invested in other industries than oil.
– When it is empty, it is too late, says Andersen.
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