MEMBER NEWS: MacArtney Group’s strategic initiatives and strong markets drive record performance

January 23, 2024
MEMBER NEWS: MacArtney Group’s strategic initiatives and strong markets drive record performance

MacArtney Group, a global leader in underwater technology solutions, announces record-breaking revenue and profit figures. The Group’s strategic initiatives and their employees’ exceptional commitment and execution capabilities across all levels have been the driving force behind this success.

MacArtney Group exceeded its financial targets, with an annual report demonstrating growth in revenue and profits. The Group increased its revenue by 16,5% to 919 million DKK and more than doubled its profit before tax, ending at 83 million DKK.
The financial performance is built on a solid foundation coupled with prioritising global accessibility and its core businesses: connectivity, launch and recovery, and data acquisition. The Group has seen an increase across all geographies globally and in all key segments: Marine & Offshore, Ocean Science, Naval, and Offshore Wind.

Catering to growing global markets
Contributing to the continued success is MacArtney’s vision, which is “to develop and deliver innovative and reliable technology to customers worldwide”. The Group successfully caters to growing markets through its commitment to ensuring the security of supply, meeting customer demands, and complying with increased subsea surveys due to climate change, as well as the call for sustainable and visionary solutions.

“Also indicating the value of creating accessibility is an increase in demands for advanced workshop solutions in all MacArtney operations,” Group CEO Niels Peter Christiansen adds. “Our customers acknowledge our technical and expert offerings ranging from calibration and hydrostatic pressure testing to moulding and cable assembly to complete training and service programmes.”

Approaching ESG and sustainability
MacArtney has issued its first annual Environmental, Social, and Governance (ESG) report, built around the Group’s 2028 ESG strategy, “Connecting responsible and reliable solutions”. It benchmarks the next step towards a more structured and strategic approach to ESG and sustainability through our operations and solutions portfolio initiatives.

The ESG strategy and initiatives focus on four key areas MacArtney can impact: responsible production and consumption, carbon accounting and reduction, supporting life below water and social and corporate responsibility.

Successful contribution and execution by employees
MacArtney Group’s dedicated staff has demonstrated high flexibility and adaptability. Emphasising the joint effort is a global increase in employees by 10% to nearly 500, reflecting the capability to maintain a strong local presence and market insight, enabling close collaboration with customers and suppliers.

Following this positive direction, being a trusted all-around supplier of high-tech equipment, MacArtney Group is poised for continued growth and success in the years ahead, staying on the path with a strategy comprising agility, adaptability and attracting a skilled workforce.
Group CEO Niels Peter Christiansen concludes: “We have grown by 50% over the last two years. This progress confirms the effectiveness of our strategy. Our immediate objective is to generate one billion DKK in revenue next year. We can achieve this goal through our committed team effort and approach to providing innovative and reliable solutions to customers globally.”

Get in touch

AREG is the original energy transition organisation, working on behalf of members to empower the energy supply chain and champion its expertise. Please get in touch if you have any questions or would like to find out more about membership.

AREG has played an important role in the growth of Scotland’s renewable energy sector, engaging the supply chain and developing the European Offshore Wind Deployment Centre. However, we are only at the very beginning of the transition that AREG was established to both lead and support so there are still opportunities for companies to get into the constantly evolving renewables supply chain. We look forward to continuing our work together as renewables builds on its place as Scotland’s main source of power, and as we seek to deliver real change in the crucial areas of heat and transport.

Scottish Renewables

Aberdeen & Grampian Chamber of Commerce has worked closely with AREG since its formation. The recent progress in the developments of offshore wind projects by Equinor and Vattenfall are as a result of the work of the group over many years. The north-east is known as the oil and gas capital of Europe. At the Chamber, we believe the region must evolve its position to being recognised as the energy capital. Whilst hydrocarbons will continue to be essential in driving our economy for years to come, the generation of renewable resources will play an increasingly important role in providing cost-effective power, innovative development and economic growth.

Aberdeen & Grampian Chamber of Commerce

The enthusiasm and dedication of the early group that would become AREG was fundamental in us choosing to launch All-Energy in Aberdeen. The first tiny show was held in 2001, and AREG’s Chairman at the time, Jeremy Cresswell, played such an active role that I often describe him in terms such as All-Energy’s ‘midwife’. All-Energy is now the UK’s largest renewable and low carbon energy exhibition and conference in terms of number of attendees, space booked, and number of exhibiting companies. As AREG became firmly established, their presence and support for the event grew spectacularly over the years. We thank them most sincerely for their invaluable input.


Vattenfall has forged a strong working relationship with AREG through the development of the European Offshore Wind Deployment Centre. AREG has worked tirelessly on behalf of the North East and it can take enormous credit for the growth of sustainable energy in the region and the path it has cleared for the region to capture further investment.


Aberdeen City and Shire is emerging as a key location for renewables by successfully transferring its world-class oil and gas expertise into the sector and AREG has done much to advance this through a broad range of initiatives. It has acted as a catalyst in driving further investment in the local economy by engaging with companies, Government, public bodies and existing projects and we have been pleased to support their efforts. Scottish Enterprise will continue to engage with AREG as we increase Scotland’s use of renewable energy.

Scottish Enterprise