About us
History
Hermana Holding is an investment and royalty company which has evolved from the legacy business of Sevan Marine ASA and Magnora ASA. Sevan Marine designed floating production, storage and offloading vessels (FPSOs) for the offshore oil and gas industry. In 2018 Sevan Marine sold its business except for two license agreements, in 2019 the name was changed to Magnora ASA, and after a successful transformation Magnora is today a multi-national data center and renewable energy group. In 2024 it was concluded that the royalty-based business would best be developed separately, so the same year Hermana Holding was spun off and listed on the Oslo Stock Exchange.
Current business
Hermana’s current income is from legacy FPSO design royalties. Since late 2025, the remaining royalty rights expected to generate income is the licence agreement concerning the Western Isles FPSO where Hermana is entitled to USD 0.50 per boe (barrel of oil equivalents) produced over the lifetime of the FPSO. The vessel has a production capacity of 44,000 boe per day and has a design life of 30-50 years. It is currently at yard awaiting redeployment which may be expected around 2028 although uncertain before any final investment decision is made by its owners.
In parallel, Hermana evaluates potential investments that may represent a sensible allocation of existing funds and the royalty proceeds. Hermana maintains continuous contact with management and owners of growth companies, investors, banks, and others regarding attractive opportunities. Hermana has a pragmatic and opportunity-driven approach to capital allocation and aims to maximise return on equity within an acceptable risk level. Equity investments may be in several portfolio companies or in a larger company, e.g. involving a transformational deal.
Senior management
Morten Strømgren
CEO
Mr. Strømgren is CEO at Hermana Holding ASA, including the CFO role. He is also, part-time, SVP at Magnora ASA.
He has broad asset-management experience from 16 years as Director in the Norwegian government’s state-ownership unit, following up investments in 20+ companies (Statkraft, Kongsberg Gruppen, Argentum, etc.), including periods as acting Director General and Secretary General in the Ministry of Trade, Industry and Fisheries. Previously, he was 5 years at the consulting firm Arkwright working with M&A and corporate development. He has an international background with 8 years abroad.
Mr. Strømgren holds an MSc in Industrial economics and technology management from NTNU and an Executive MBA in Finance (including AFA – Certified European Financial Analyst) from NHH.
Industrial advisors
Torstein Sanness
Industrial advisor, observer in the Board of Directors
Mr. Sanness is a Board professional and advisor with extensive experience from the oil and gas industry.
He was Managing Director of Lundin Petroleum Norway 2004-2015, then Chairman of the Board of the same company. Previously he served as Managing Director of Det Norske Oljeselskap AS and in various executive positions at Saga Petroleum in Norway and the US including responsibility for Saga’s international operations and entry into Libya, Angola, Namibia, and Indonesia. He has broad experience also as Board Chairman and Board member in various companies.
Mr. Sanness holds a master’s degree in engineering (geology, geophysics, mining) from NTNU in Trondheim.
Board of Directors
Erik Sneve
Chairman of the Board
Mr. Sneve is CEO of Magnora ASA, an international data center and renewable energy group with operations across Europe and Africa.
He has 25 years of experience with investments and operationally in the VC industry, renewable industrial and in a family office in various positions. This includes roles as analyst, consultant, COO and investment director, from EY, DNB Markets, Energy Future Invest (a Statkraft, Hafslund and Eidsiva Energi joint venture) and Fram.
Mr. Sneve holds a BSc in Finance from Arizona State University with Summa Cum Laude (Dean’s List).
Lars Ørving Eriksen
Board member
Mr. Eriksen is an individual investor and advisor operating through his wholly owned company, Lighthouse Reef AS.
He has extensive experience in advising and building both privately held and publicly traded companies in various sectors. His background includes investment banking services at RS Platou Markets & Navis Finance with a particular focus on the maritime sectors and as an investment director at Middelborg with a focus on building small and medium sized companies primarily on the Oslo Stock Exchange. He has also experience from several board positions in Norwegian private companies.
Mr. Eriksen holds an MSc in Finance from the Norwegian Business School (BI).
Hannah Høydal
Board member
Ms. Høydal is Investment Manager at Magnora ASA, covering screening, evaluation, execution and follow-up of investments.
Prior to this, she was a management consultant at Arkwright, advising private equity firms and industrial clients in domestic and international markets. Her work focused on strategy, deal sourcing, due diligence, and post-acquisition value creation, primarily within the infrastructure and energy sectors, serving as both an analyst and project manager. She has also experience from Clarksons Platou and Start-Up Lab in London in parallel with her studies.
Ms. Høydal holds an MSc in Industrial economics and technology management from NTNU and spent one of her educational years at Universitat Politècnica de València.