Mergers & Acquisitions
131 stories, page 2 of 6
Voith Plans Takeover of ELIN Motoren
Technology Group Voith plans to acquire 70% of the shares in the Austrian electric motor manufacturer ELIN Motoren GmbH. A corresponding purchase contract was signed on December 20, 2019. ELIN Motoren GmbH is a global…
Clean Marine, FMSI to Merge
Scrubber manufacturers and suppliers Clean Marine and FMSI have unveiled their intention to merge in order to create a bigger market share in the exhaust gas cleaning system (EGCS) segment. The combined entity, which…
Bomin Sells Belgium Bunker Ops
The Bomin Group has agreed to sell its Belgium operations to certain individuals of the Somers family, controlling the tanker shipping company Somtrans. Bomin announced in September 2018 that it was exiting the bunker…
Thrustmaster Takes a Majority Stake in Blue Thruster
Thrustmaster Holdings B.V., affiliated with US-based Thrustmaster of Texas Inc., has acquired a 58,5% stake in Blue Thruster, a Dutch-based maritime innovations company. With this transaction, Thrustmaster, a leading…
Twin Disc, Inc. Announces Closing of Veth Propulsion Acquisition
Twin Disc, Inc. a provider of power transmission technology and equipment for marine- and land-based applications, announced today that it has completed the €52.1 million (approximately $60.8 million), acquisition of…
GP Global Acquires MAG Lube
GP Global (Formerly Gulf Petrochem Group) today announced that it has completed its acquisition of MAG Lube LLC in the United Arab Emirates. MAG Lube LLC is a manufacturer of lubricants in the Middle East, distributing…
SCHOTTEL Far East Relocated
The SCHOTTEL Singapore subsidiary has relocated to its new facilities next to the new shipyard centre in southwestern Singapore. This heavy investment shows SCHOTTEL’s strong interest in the long-term partnership with…
WinGD, HHI Partner for Digital Techn
Winterthur Gas & Diesel (WinGD) and Hyundai Heavy Industries (HHI) Group recently signed, the first agreement of its kind to integrate their advanced digital technologies to provide greater insight and benefit to ship…
Deutz Aims for Hybrid, Electric Engines by 2020
Specialty diesel engine maker Deutz aims to expand its business to include hybrid and battery-powered engines from 2020, banking on an expected boom in demand for electric vehicles. "In future, we no longer want to…
Torqeedo Acquired by DEUTZ
Torqeedo Acquired by DEUTZ Independent engine manufacturer DEUTZ announced it has acquired Torqeedo, provider of electric drive systems for watercraft. As an independent subsidiary of DEUTZ AG, Torqeedo will continue…
Capvis Acquires Majority of Thermamax
Capvis becomes the new majority owner of Thermamax Group, a global technology leader in the design and manufacture of thermal and acoustic insulation systems for engines of all kind. The group has grown considerably over…
MAN Diesel & Turbo to Buy 40% Stake in Aspin Kemp
MAN Diesel & Turbo said it has contractually agreed to acquire a 40 percent participation in Aspin Kemp & Associates (AKA), a Canadian company specializing in power supply, energy management and drive systems for marine…
Wärtsilä CSSC JV Opens Factory in China
CSSC Wärtsilä Engine Co Ltd (CWEC), the joint venture company formed between Wärtsilä and China State Shipbuilding Corporation (CSSC), has formally opened its new production facilities located at Lingang, Shanghai. The…