Ownership

Ownership

Umoe Bioenergy is 100% owned by the Norwegian family firm Umoe AS. Founded by Jens Ulltveit-Moe in 1984 and is now one of the largest privately owned companies in Norway. Business areas include marine transportation, maritime equipment, bioethanol, electrical installation, restaurants, financial investments and IT and telecom businesses. Umoe AS is an active owner, with a long term perspective who has a proven track record of successful turnarounds. During the last three years Umoe AS has decided to invest heavily in the renewable energy industry. The investment in Umoe Bioenergy in Brazil is to date its biggest investment in renewable energy.

Umoe, as a totally private owner, has the freedom and the resources to develop UBE with a longer term horizon than public companies and private equity funds. Umoe can also accept value fluctuations over time and have patience in periods with heavy investments or exceptional market conditions. Umoe regards its long term commitment and active ownership philosophy as a key value driver and success factor.

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