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Incorporated in 1897 Bonheur ASA and affiliated companies are involved in a number of activities in Norway and internationally, based on shipping, offshore services and renewable energy. The investments, which are largely carried out jointly with the subsidiary Ganger Rolf ASA (owned 62.1%), are related to the following main segments:

Offshore drilling
53.4% direct and indirect ownership in Fred. Olsen Energy ASA  (stocklisted).

Floating production
61.5% indirect ownership in Fred. Olsen Production ASA (stocklisted).

Renewable Energy
100% direct and indirect ownership in Fred. Olsen Renewables AS, primarily engaged in wind farms.

Cruise
100% indirect ownership in First Olsen (Holdings) Ltd. which through the subsidiary Fred. Olsen Cruise Lines Ltd. operates 4 cruise vessels.

Shipping
100% direct and indirect ownership in First Olsen Ltd. with 1 suezmax tanker, indirect ownership of 100% in OceanLink Ltd. and 100% indirect ownership Fred. Olsen Windcarrier AS.

Other Investments
Media: 35.2% direct and indirect ownership in NHST Media Group AS, which publishes i.a. the business newspaper Dagens Næringsliv.
Property: 100% direct and indirect ownership in the office building in Fred. Olsens gate 2, Oslo and of Stavnes Byggeselskap AS and a direct and indirect shareholding of 12.6% in IT Fornebu Holding AS.
Fish Farming: 51.9% direct and indirect  ownership Genomar AS, a company developing brood stock of Tilapia.