SmartMotor bought by Rolls-Royce Marine

Verdane Capital has sold portfolio company SmartMotor in a transaction with Rolls-Royce Marine.

SmartMotor has increased revenues sixfold during Verdane’s ownership period and moved from being a small Norwegian technology company to a global leader in customised Permanent Magnet (PM) machines.

SmartMotor‘s product offerings are built on the SmartMotor patented technology platform consisting of permanent magnet based machines, power electronics, controls and system design capabilities.

Today, SmartMotor’s technology is deployed within three main areas: Marine & Offshore, Oil & Gas and Renewable Energy Power Generation applications.