SAFE AT SEA AB
NNGM:SAFE1.02
SEK
+0.00
(-0.49%)
SAFE AT SEA AB
NGM:SAFE
(Nordic Growth Market)
Recent
price
1.02
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Safe at Sea AB (publ) is a Sweden-based maritime safety and search and rescue (SAR) equipment manufacturer that designs, develops, produces, and markets light, agile rescue craft, specialized marine safety systems, and associated training and support services. Founded in 2006 and headquartered in Kungsbacka, Sweden, the company provides mission-critical waterborne rescue and response solutions primarily tailored for sea rescue institutions, coast guards, naval forces, police departments, municipal fire and rescue services, port authorities, and commercial maritime operators worldwide. The company operates through dedicated product lines and service divisions, offering core platforms that include the RescueRunner, a highly durable, polyethylene-hulled rescue watercraft engineered for severe marine environments and shallow-water operations; the SafeRunner, a versatile, lightweight rescue and patrol boat designed for rapid deployment; the GuardRunner and SeaRanger craft, configured for maritime security, surveillance, and tactical response operations; and the ElEcoRunner series, representing the company's line of fully electric, zero-emission rescue boats powered by clean marine propulsion systems. In addition to vessel platforms, Safe at Sea supplies specialized rescue accessories and components, including rescue sleds and retrieval boards; marine searchlights and emergency signaling units; custom vessel trailers and transport systems; and dedicated onboard storage and mounting hardware. The company also delivers comprehensive aftermarket and technical services, encompassing operator and tactical training through the Safe at Sea Academy; scheduled maintenance, overhaul, and hull repair services; and genuine spare parts distribution. In recent developments, Safe at Sea has advanced its commercial and operational footprint through the introduction and international demonstration of its next-generation electric rescue platforms, expanding its presence in sustainable watercraft solutions. The company has strengthened its global distribution and sales network by securing new representation agreements and commercial partnerships across Europe, North America, the Middle East, and the Asia-Pacific region. To support ongoing manufacturing scalability and international market penetration, Safe at Sea has completed targeted capital raising initiatives, including rights issues, while securing strategic supply contracts and framework agreements with government emergency services, defense agencies, and international humanitarian rescue organizations. Furthermore, the company has enhanced its operational structure and organizational leadership to accelerate serial production, optimize supply chain efficiency, and deepen direct customer engagement in core European markets.