Cathelco customers include Evac’s current marine and offshore customer groups, including shipowners, shipyards, fleet managers, rig owners and operators, oil companies, navies and designers.
This acquisition gives Evac the opportunity to further expand its cleantech solution portfolio to its customers with the addition of new systems, while also opening up new business opportunities in terms of ballast water treatment systems (BWTS).
It will extend Evac’s offering in three main areas: pipework anti-fouling systems, which prevent the build-up of bio-fouling in pipework and also suppress corrosion; hull corrosion protection systems, which prevent hull corrosion and therefore reduce vessel fuel consumption; and BWTS.
Cathelco’s sales turnover in the 2016/2017 financial year was €31 mill. This translates to a direct increase of about 30% in Evac Group’s turnover, from €105 mill to over €136 mill.
Evac Group CEO and President, Tomi Gardemeister, said. “An extended cleantech system offering, together with an enlarged sales and service network, will allow us to offer a more comprehensive range of solutions and services to our customers.”
Justin Salisbury, Cathelco Group managing director, said: “Our already broad geographic footprint and expertise in cleantech systems will be augmented considerably by Evac’s broad portfolio, which will enable our customers to meet all their needs from a single reliable partner.”
“This acquisition provides a tremendous opportunity for Evac and Cathelco to work together to become a leader in the field of ballast water treatment systems,” Gardemeister added. “Demand for these types of solutions is growing rapidly following the introduction of new IMO and US Coast Guard (USCG) regulations relating to ballast water treatment.”
Terms of the acquisition were not disclosed.