Royal IHC Buys into Rotterdam Offshore Group
Tuesday 10 October 2017
Dutch contractor Royal IHC has acquired a 50% interest in Rotterdam Offshore Group (ROG), a move aimed at strengthening its ship repair and conversion capabilities.
Under the deal, with an undisclosed value, Royal IHC will also get access to a dedicated facility in Rotterdam, which has uninterrupted access to open sea.
ROG has lay-by facilities for vessels up to 300 metres, heavy-lift crane capacity, a large yard area and a fully equipped workshop. The company has repeatedly facilitated conversion, ship repair and (de)mobilisation projects.
“By joining forces with ROG and using its dedicated facilities, Royal IHC will be able to further expand its services for complex renovations and conversions,” the company said in a statement.
“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,” it said.
“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,” IHC services executive director Diederik van Rijn added.