The Annual General Meeting of Man Oil Group AG unanimously voted for Arva Greentech AG as the new company name on 12 October in Zug, Switzerland.
The German subsidiary Arva Greentech GmbH, founded in spring 2017, now has a parent company of the same name.
The name “MOG” always raised questions about the acronym’s meaning. Since the strategic restart, the reference to “oil” as in “Man Oil Group” has been difficult to explain.
The word arva means “soil”, “field” or “land” in Latin and thus fits in very well with our business strategy. Moreover, the word is easy to pronounce in the languages spoken in our target markets. Also, the term is not yet occupied in our industry as a company name.