About TORM
TORM is a company based in Copenhagen (Denmark) founded in 2002 was acquired by Oaktree Capital Management in April 2015.. The company has 479 employees as of December 31, 2024. TORM has completed 3 acquisitions, including ME Production, OMC Outdoor and OMI Corp. TORM operates in a competitive market with competitors including Qube, ZIM, Hapag-Lloyd, Hyundai Merchant Marine and Star Bulk Carriers Corp, among others.
- Headquarter Copenhagen, Denmark
- Employees 479 as on 31 Dec, 2024
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Torm Plc Class A
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Annual Revenue
$1.5 B (USD)2.6as on Dec 31, 2024
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Net Profit
$587.86 M (USD)-5.47as on Dec 31, 2024
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EBITDA
$761.99 M (USD)3.4as on Dec 31, 2024
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Latest Funding Round
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Investors
Danske Bank
& 5 more
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Employee Count
479
as on Dec 31, 2024
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Investments & Acquisitions
ME Production
& 2 more
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Acquired by
Oaktree Capital Management
(Apr 20, 2015)
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IPO & Listings of TORM
TORM is a publicly listed company on the OMXCOP with ticker symbol TRMD_A in Denmark, operating in the Transportation sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Funding Insights of TORM
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
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First Round
First Round
(28 Jun 2011)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2025 | Amount | Post-IPO - TORM | Valuation |
investors |
|
| Jan, 2018 | Amount | Post-IPO - TORM | Valuation |
investors |
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| Jun, 2011 | Amount | Debt – Conventional - TORM | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in TORM
TORM has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Danske Bank, BNP Paribas and Oaktree Capital Management. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Real estate fund, infrastructure fund, and private equity firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Financial services including banking and insurance are provided globally.
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Founded Year | Domain | Location | |
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Banking & financial service provider
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by TORM
TORM has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include ME Production, OMC Outdoor and OMI Corp. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Air-actuated boat lifts are manufactured and serviced by OMC Outdoor.
|
1992 | ||||
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International shipping of crude oil and refined products is provided.
|
1968 | ||||
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Marine exhaust gas cleaning systems are produced for maritime use.
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1945 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - TORM
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Torm Comparisons
Competitors of TORM
TORM operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Qube, ZIM, Hapag-Lloyd, Hyundai Merchant Marine and Star Bulk Carriers Corp, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Qube is recognized as Australia's largest integrated logistics provider.
|
|
| domain | founded_year | HQ Location |
Maritime shipping services for containerized cargo are provided globally.
|
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| domain | founded_year | HQ Location |
Containerized cargo is transported globally by maritime fleet operations.
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| domain | founded_year | HQ Location |
Integrated logistics are delivered worldwide via specialized vessel operations.
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| domain | founded_year | HQ Location |
Dry bulk cargoes are transported globally via seaborne services.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Torm
Frequently Asked Questions about TORM
When was TORM founded?
TORM was founded in 2002 and raised its 1st funding round 9 years after it was founded.
Where is TORM located?
TORM is headquartered in Copenhagen, Denmark.
How many employees does TORM have?
As of Dec 31, 2024, the latest employee count at TORM is 479.
What is the annual revenue of TORM?
Annual revenue of TORM is $1.5B as on Dec 31, 2024.
What does TORM do?
TORM was founded in 2002 and is headquartered in Copenhagen, Denmark. Operations are focused on the shipping sector, where a fleet of approximately 160 vessels is managed for product tanker and dry bulk transport. Services include the carriage of oil and gasoline products via tankers. The company is listed on Nasdaq Copenhagen, with its domain established as torm.com.
Who are the top competitors of TORM?
TORM's top competitors include Hyundai Merchant Marine, ZIM and Qube.
Is TORM publicly traded?
Yes, TORM is publicly traded on OMXCOP under the ticker symbol TRMD_A.
How many acquisitions has TORM made?
TORM has made 3 acquisitions, including ME Production, OMC Outdoor, and OMI Corp.
Who are TORM's investors?
TORM has 6 investors. Key investors include Danske Bank, BNP Paribas, Oaktree Capital Management, SEB, and HCOB.
What is TORM's ticker symbol?
The ticker symbol of TORM is TRMD_A on OMXCOP.