About us

Fjord Defence Group is strategically positioned as a defence compounder, focused on building a portfolio of fast-growing, profitable companies to capitalise on a multi-decade upcycle in defense spending. Our Buy and Build strategy targets small- and mid-sized firms (NOK 100–300 million in revenue) with strong leadership, solid profitability and significant growth potential. Through accretive acquisitions – partly settled in shares – and organic growth, we aim to reach NOK 2 billion in revenue within 3–4 years. Portfolio companies retain operational autonomy while gaining access to capital, public markets and long-term strategic support.

Fjord Defence Group ASA aspires to be a leading global defence compounder, driving innovation and long-term growth by building a dynamic portfolio of high-potential, niche companies with unique capabilities. We aim to deliver exceptional value to shareholders, partners and customers by enabling operational excellence, unlocking growth capital, and leveraging the sustained global upcycle in defence investment — all while upholding the highest standards of quality, responsibility and integrity.

Fjord Defence Group ASA will retain its legacy assets — a seismic multi-client library and an investment portfolio — to maximise their value. These will be managed strategically without further investment and serve as a potential liquidity reserve. The reserve may be used for future defence-focused acquisitions or capital distributions, in line with the company’s repositioning as a defense industry compounder and its commitment to optimising value from legacy operations.

Jon Asbjørn Bø

CEO

Jon Asbjørn Bø is the Founder and Chairman of the Board of Fjord Defence AS since its inception in 2017. He brings decades of leadership experience from the defence industry, including senior roles such as Member of the Management Board of Rheinmetall’s Electronic Solutions Division and CEO & President of Simrad Optronics ASA. Earlier in his career, he served as Finance Director at Vinghøg AS. Jon Asbjørn combines strategic vision with operational expertise, having led both growth journeys and international integrations.
Kristian Zahl

COO

Mr. Zahl joined the company in 2018. He joined from the position as Senior Vice President EMEA at EMGS ASA where he worked since 2014. Mr. Zahl has over 17 years' experience from different roles in sales, business development, banking and management, predominantly in the oil services industry. Mr. Zahl has previously held positions at Paradigm Geophysical, Cyviz and Sparebank1. Mr. Zahl holds a Master of Science degree from the departmenet of Industrial Economics and Technology Management at the Norwegian University of Science and Technology in Trondheim Norway and studies in entrepreneurship and venture capital at the Questrom School of Business at Boston University.
Øyvind Mølmann

CFO (Interim)

Øyvind Mølmann joined Fjord Defence Group as Interim Chief Financial Officer starting May 2025. Øyvind holds an MBA from the Norwegian School of Economics and Business Administration. He comes from a role as Interim CFO at Hesselberg AS, an importer of machinery for the construction and logistics industries. Previously he has held Treasurer, CFO and CEO positions in listed companies and startups within various industries. Øyvind brings an extensive leadership and transactional experience into the Fjord team.

Nina Skage

Chair

From September 2019, Mrs. Nina Skage became partner in Vest Corporate Advisors. Mrs. Skage became Managing Director at Norwegian School of Economics and business administration (NHH) in 2014 and Director for External Relations and Fundraising in 2017 at NHH. From 1988 to 2013, she held various positions in the Norwegian food industry group Rieber & Søn ASA (sold to Orkla ASA in 2013), including Director of Personnel and Organisational Development, Director of Corporate Communications, Director of Business Unit Food Service and Director of Marketing TORO. Mrs. Skage has her education in business administration and management from St. Cloud State University, Minnesota. Mrs. Skage has been on the boards of Biomega, AFF and GC Rieber Skinn, and currently serves as board member in Havila Shipping ASA, Eiendomskreditt, Dyrket.no, PODTOWN, CCT and Bergen Music Festival.
Torstein Sanness

Board member

Mr. Torstein Sanness has experience as MD of Lundin Petroleum Norway and DNO, and from several executive positions during his 25 years at Saga Petroleum. Board member Lundin Energy, IPC, Panoro Energy, Dr. Techn. Olav Olsen, previously Chairman of Lundin Petroleum Norway, Executive Chairman of Magnora ASA. Mr. Sanness holds a master’s degree in engineering (geology, geophysics and mining engineering) from NTH.
Ketil Skorstad

Board member

Mr. Ketil Skorstad is the founder and CEO of Tigerstaden AS, a Norwegian investment company. Throughout his investment career Mr. Skorstad has built an extensive record in the Nordic financial markets. His expertise includes timing and execution of mergers and acquisitions, listing processes, financing, and capital allocations. Mr. Skorstad holds board positions in several companies, including being the chairman of Tigerstaden AS and member of Veslefrikk Eiendom AS

Our vision

Legacy assets

Management

Board of Directors