Ownership
Norwegian investment firm Farvatn Private Equity holds a majority shareholder position in PASSER Group.
Farvatn is a Norwegian family-owned investment company seeking to preserve and grow our wealth while leaving a positive footprint on the world.
Partnership
Since 2016, Farvatn has been actively expanding its portfolio to include a range of sustainable investments. This alignment with PASSER's values and expertise further strengthens the partnership, ensuring PASSER's continued growth and success as a EPCI provider of sustainable solutions for the energy transition.
Visit Farvatn website here: www.farvatn.com
History
Farvatn’s roots can be traced back to the founding of the JO Group in 1915, initially specializing in timber freight. From the 1950s the company’s focus shifted towards the chemical tanker industry, and JO Tankers ultimately grew to be the world’s third-largest operator of advanced chemical tanker vessels.
In 2016 JO Tankers was sold to Stolt Nielsen, which marked the end of a hundred years of industrial shipping and the beginning of a new one hundred years as a diversified investment company.