Maritime safety equipment manufacturer and global service provider VIKING Life-Saving Equipment A/S has announced it has acquired Norsafe, the Norwegian boatbuilder whose lifeboats are used throughout the world. The acquisition is in line with VIKING’s long-running strategy of putting the customer’s needs and priorities first.
Established in 1903, Norsafe produces a full range of free-fall lifeboats and fast rescue boats with davits and have supplied over 28,000 lifeboats to the global ship market over the years. Its advanced lifeboat products are manufactured in accordance with the latest SOLAS requirements and approved by national and certifying authorities for both ships and offshore use.
VIKING consistently puts the customer first, ensuring the company’s products and services are a close fit to the market and the acquisition is yet another step forward for thousands of VIKING customers around the world, who now stand to benefit from the world’s most complete range of lifeboat, hook and davit products. And it is the strongest signal to date that VIKING is firmly committed to provide a complete safety offering that also includes the best range of lifeboat products and services – a focus that initially saw VIKING acquire the company behind the innovative and now widely installed Nadiro lifeboat Drop-in-BallTM hook, now known as VIKING Nadiro.
The synergies behind Norsafe’s entry into the VIKING group are plain to see, and not just because both companies are Scandinavian-based. In fact, they share virtually identical missions, both aiming to keep people safe and leading their respective markets through constant innovation.
“This is a very close operational and cultural fit,” commented VIKING CEO Henrik Uhd Christensen. “Like VIKING, Norsafe has been family-owned for generations, which creates strong and lasting relationships with customers – and it places the same emphasis on quality, on the use of advanced materials and on technological innovation as we do.”
With the Norwegian manufacturer’s 24/7 service network providing lifeboat maintenance from over 300 ports worldwide, the Norsafe acquisition adds further fuel to VIKING’s focus on answering new demands for full-scope solutions by providing the world’s most comprehensive safety solutions, encompassing everything from products and services – including long term Shipowner Agreements - to design, installation and training. And VIKING expects new efficiencies to be won not just from integrating the two companies’ product lines and widening customer choice, but also from leveraging complementary supply chain and production capabilities.
“Adding Norsafe’s current network to VIKING’s extends our already impressive global reach,” says Henrik Uhd Christensen. “And on the training side, with Norsafe’s specialized centres in Norway and Greece offering product and STCW courses, VIKING’s training arm will also receive a boost to its ability to help vessel and offshore asset owners manage crew competencies.”
Norsafe’s CEO, Dag Songedal, is looking forward to becoming part of the VIKING group. “Under the VIKING umbrella, we are creating a more robust and more capable business model that will ensure we can continue to advance our ability to protect people at sea with compelling lifeboat solutions. The safety equipment industry is consolidating to offer shipowners and offshore asset owners greater economies and efficiencies of scale.”
The parties have agreed not to disclose the sales price, and closing is expected October 1, 2018.
UTEC Acquires Star Net Geomatics
Bluefin Acquires SeeByte Adding New Soft
Yara Acquires German Company Specialized
Surprises on ROV Expedition in the Norwe
Phoenix Acquires Acoustic Signal with To
Statoil: Norwegian Authorities has Rejec
Veripos, Sonardyne & Guidance Marine Sta
ACE Winches launches new technology duri
Teledyne RESON acquires the business fro
Atlantic Petroleum Acquirers Licenses in
Acteon Acquires UTEC Survey, Enhancing G
Nautronix Secure Major Order for NASNet®
FoundOcean Group Acquires Vibro-Piling S
MCP to transform mobile communication on
Tocardo Acquires Dutch IHC Tidal Energy
MacArtney UK Acquires Callidus Subsea in
Tocardo Acquires Swanturbines Technology
Kongsberg Maritime Acquires Contros Syst
Oceaneering Acquires C & C Technologies,
Multimillion Pound Norwegian Contract Ex
DOF Subsea Survey & Positioning and Viki
VIKING Saatsea Gets Flag-State Approval
Okeanus Acquires Deep Water Lights, Lase
New World Record for Norsafe Lifeboat Dr
DONG Energy Acquires Full Control of one
The Norwegian University of Science and
Unique Group Acquires Oceanwide S.a.S.
Increased Environmental Commitment on th
Unique Group Acquires Aberdeen Marine Su
Kraken Acquires Marine Robotics Technolo
University of Gothenburg Acquires Leadin
Seatronics Collaborates with Robotic Sys
Energy Marketing Communications Speciali
Global Marine Acquires Majority Interest
JFD Wins Multi-Million Pound Lifeboat De
General Dynamics Mission Systems Acquire
ION Acquires Global Dynamics Inc., Inclu
World’s First ‘Offshore’ Aquaculture Dev
IT International Acquires All Electric M
Scripps Acquires Barracuda ROV from Shar
Norwegian Company to Separate Oil and Ga
QSTAR Acquires ROV Perseo GTV from Ageot
Successful ROV Expedition in Deep Water
James Fisher Acquires Integrated Subsea
Stepping Up Climate Change Efforts on th
Verisk Analytics, Inc., Acquires Quest O
Okeanus Acquires Sound Ocean Systems
DEA Submits PDO for Dvalin Field in the
Acteon Acquires Bruce Anchor and Strengt
Subsea 7 Awarded Contract in the Norwegi
Schlumberger Acquires Peak Well Systems
Castor Networks Acquires Watum, Launches
Statoil Awarded 29 New Production Licens
Thyssenkrupp Named Strategic Partner to
TDI-Brooks International Acquires Engine
French Satellite-Services Specialist, CL
Fugro Acquires REM Etive IRM Support Ves
McDermott Acquires Newly Built Deepwater
H.I.G. Capital Acquires Assets of Subsea
Forum Seals Mojave ROV Deal with Norwegi
Abyss Aqua Acquires Second Saab Seaeye F
VIKING Gaining Ground in Continued Diffi
L3 Acquires AUV Maker OceanServer Techno
Statoil: Norwegian Authorities Approves
Performance Inflatables Company Acquires
2G Robotics to Supply Scanning Technolog
Belgian Navy Acquires 10 Licences of See
AML Acquires MVP Product Line from Rolls
Viking SeaTech Appoints New Naval Archit
ExxonMobil Acquires Interest in Acreage
Okeanus Science & Technology Acquires DT
Saudi Aramco Acquires Teledyne Gavia AUV
Boskalis Acquires Subsea Survey Speciali
Total Acquires Maersk Oil for $7.45 Bill
Science Community Acquires Oceanographic
US Naval Research Lab Acquires Acoustic
Broadband High-Resolution Images Across
Global Marine Group Acquires Fugro’s Tre
Acteon Group Acquires Viking Seatech Gro
VIKING Welcomes New Country Director
Kongsberg Maritime: New Norwegian Autono
Sparrows Group Acquires Wind Energy Spec
Ampelmann’s Innovative Solution for New
Statoil Acquires 25% of the Roncador Fie
MacGregor Acquires Rapp Marine Group
Norwegian Offshore Oil and Gas Productio
75 Production Licenses Awarded on the No
VIKING Life-Saving Equipment is ‘Polar C
University of Vienna Acquires Multibeam
Aquaterra Energy Opens New Norwegian Bas
AWI Acquires Sentinel HR High-Resolution
Innospection Acquires Advanced NDT Brazi
KIGAM Acquires Hybrid Vehicle from Aquab
Performance Inflatables Company Acquires
VIKING Safety Outsourcing Solution Tailo
DeepOcean Acquires Delta SubSea
N-Sea Set to Clear WWII UXOs as Part of
Norwegian Shelf Bustling with Exploratio
Norwegian Petroleum Directorate Maps Dee
Kosmos Acquires Deep Gulf Energy
Ocean News & Technology is a publication of TSC
7897 SW Jack James Drive
Suite A, Stuart, FL 34997
(772)-221-7720