{"id":4508,"date":"2026-06-26T13:37:57","date_gmt":"2026-06-26T13:37:57","guid":{"rendered":"https:\/\/www.liv.fo\/?p=4508"},"modified":"2026-06-26T13:38:19","modified_gmt":"2026-06-26T13:38:19","slug":"liv-withdraws-from-globe-tracker","status":"publish","type":"post","link":"https:\/\/www.liv.fo\/en\/liv-withdraws-from-globe-tracker\/","title":{"rendered":"L\u00cdV withdraws from Globe Tracker"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>A severance agreement has also been reached with the CEO of the L\u00cdV Group, and the process of finding a new CEO is now underway.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The L\u00cdV Group has decided to withdraw from the company Globe Tracker ApS. The company has been in serious financial difficulty in recent years, and efforts to strengthen its market position have unfortunately not achieved satisfactory results, according to the L\u00cdV Group.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Globe Tracker develops tracking equipment and software for monitoring, supervision, and management of shipping containers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Although Globe Tracker&#8217;s systems have advantages over other similar solutions on the market, the company has struggled financially and has recorded losses for several years. Technical challenges have significantly affected both sales and customer confidence.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The L\u00cdV Group has therefore decided not to invest any more money in the company.<\/p>\n\n\n\n<h6 class=\"wp-block-heading\">Updated Investment Policy<\/h6>\n\n\n\n<p class=\"wp-block-paragraph\">The L\u00cdV Group made its first investment in Globe Tracker in 2013. P\/F Tryggingarfelagi\u00f0 L\u00cdV has invested a total of 84.9 million DKK in the company, while P\/F L\u00cdV L\u00edvs- og pensj\u00f3nstryggingarfelag has invested 89 million DKK.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The L\u00cdV Group has updated its investment policy, which now specifies that the company will no longer invest in projects of the same investment category as Globe Tracker. The L\u00cdV Group has no other similar investments.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The total investment portfolio of Tryggingarfelagi\u00f0 L\u00cdV amounts to just under DKK 5 billion. When the collaboration with Globe Tracker ended, the investment was carried on the books at DKK 29.9 million, corresponding to 0.61% of the total investment assets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company regrets the loss of these funds on behalf of its policyholders and acknowledges that this investment did not succeed.<\/p>\n\n\n\n<h6 class=\"wp-block-heading\">Severance Agreement<\/h6>\n\n\n\n<p class=\"wp-block-paragraph\">At the same time as the decision was made not to provide any further funding to Globe Tracker, a severance agreement was reached with the CEO of the L\u00cdV Group, Jan Jakobsen.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;During the 14 years that Jan Jakobsen has served as CEO of the L\u00cdV Group, he has made a significant contribution, and we are very grateful for his excellent work. The time has now come for a new CEO to lead the L\u00cdV Group forward,&#8221; says \u00c1rni Ellefsen, Chairman of the Board of P\/F Tryggingarfelagi\u00f0 L\u00cdV.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The process of recruiting a new CEO will begin shortly, and the position will be advertised publicly. Jan Jakobsen has agreed to continue serving as CEO until a successor has been appointed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A severance agreement has also been reached with the CEO of the L\u00cdV Group, and the process of finding a new CEO is now underway. The L\u00cdV Group has decided to withdraw from the company Globe Tracker ApS. The company has been in serious financial difficulty in recent years, and efforts to strengthen its market [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":4509,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[30],"tags":[],"class_list":["post-4508","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>L\u00cdV withdraws from Globe Tracker - Tryggingarfelagi\u00f0 L\u00cdV<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.liv.fo\/en\/liv-withdraws-from-globe-tracker\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"L\u00cdV withdraws from Globe Tracker - Tryggingarfelagi\u00f0 L\u00cdV\" \/>\n<meta property=\"og:description\" content=\"A severance agreement has also been reached with the CEO of the L\u00cdV Group, and the process of finding a new CEO is now underway. 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