Royal IHC has announced its acquisition of 50% of the share capital of Rotterdam Offshore Group (ROG).
The agreement will enable IHC to strengthen its ship repair and conversion capabilities with the addition of a dedicated facility in Rotterdam, which has uninterrupted access to open sea.
The complementary competences of both companies result in full packages for conversions, (de-)mobilisations, and maintenance and repair for the whole spectrum of offshore, dredging and maritime vessels and equipment.
“Our focus at IHC is on maintaining long-term relationships with our customers,” says Executive Director of IHC Services Diederik van Rijn. “This acquisition strengthens our capabilities to serve those based in Europe. We currently see opportunities to better facilitate conversions of existing vessels and equipment that are currently laying idle due to the ongoing crisis in the market. In addition, we can offer our customers an attractive proposition as a repair and maintenance, and (de)mobilisation partner in the Rotterdam region.”
Martin van Leest, Managing Director of ROG, adds: “We are delighted to have Royal IHC as our new partner. We have already experienced significant growth in recent years. The partnership will enable us to take on more complex jobs and be a partner for Royal IHC in delivering integrated turnkey solutions with all capabilities in-house. Our drive and flexible organisation during the execution of projects will most certainly be acknowledged by our customers.”