Eagle

Eagle

Eagle was established in 1983 as an investment company headquartered in Oslo, Norway. Under the leadership of CEO Pål Myklebust and Eagle Technology CEO Roy Moberg, the firm has pivoted over the past two decades from being a contractor in marine refrigeration to an owner-operator of environmental technology companies. In 2018, Eagle sold its marine HVAC subsidiary Teknotherm Marine to Heinen & Hopman, and in 2021 it sold its industrial refrigeration subsidiary Therma Industri — deploying the proceeds into the environmental technology platform that now forms its core. Eagle deploys capital across three primary asset classes: direct industrial operating companies, commercial real estate, and shipping assets. The firm operates through a web of subsidiaries, including Eagle Technology, which houses a portfolio of proprietary systems for waste-to-energy and water treatment. Its technology portfolio includes the WASTX Plastic system for plastic-to-oil conversion, RenaPure units for produced-water treatment, and Induction Thermal Desorption Units for drill-cuttings processing. The group maintains a 9,000-square-meter fabrication facility in Zepce, Bosnia, an engineering office in Vietnam, and sales offices in Halden and Stavanger, Norway. Geographic coverage spans offshore installations globally, with a focus on the North Sea and Southeast Asia. Eagle employs approximately 230 people across its Norway, Bosnia, and Vietnam locations. The group hosts subsidiary companies including Eagle Enviro AS and the technology engineering arm Eagle Technology d.o.o. The firm discloses an annual group turnover of roughly 400 million NOK. Its leadership team has operated together for over 15 years, signaling a deliberate continuity culture. Real estate investments remain concentrated in Norway, while shipping investments involve direct vessel ownership rather than fund commitments. Unlike a typical family office or fund manager, Eagle operates as a parent holding company that incubates and sells industrial subsidiaries — retaining in-house R&D, engineering, and manufacturing capabilities rather than acting as a passive allocator. This operating-company model gives it direct control over product development cycles for environmental technologies and allows it to exit mature businesses to fund new ventures within the group.