Royal IHC takes 50% stake in Rotterdam Offshore Group
OCTOBER 11, 2017 — Strengthening its ship repair and conversion capabilities, Royal IHC has acquired 50 of the share capital of Rotterdam Offshore Group (ROG), a dedicated facility in Rotterdam that has unimpeded access to the open sea.
Rotterdam Offshore Group has a strong reputation as a provider of dockside and on-site services. It has lay-by facilities for vessels up to 300 m, heavy-lift crane capacity, a large yard area and a fully equipped workshop. The company has facilitated conversion, ship repair and (de)mobilization projects for some of the major players in the offshore, dredging and maritime industries.
Royal IHC has a strong track record in designing and building vessels and equipment for the dredging, mining and offshore markets, and managing major renovations and ship repair projects all over the world. By joining forces with ROG and using its dedicated facilities, Royal IHC will be able to expand its services for complex renovations and conversions. The partnership enables ROG to offer its customers in the repair and maintenance sector access to the engineering, fabrication and mission equipment capabilities of Royal IHC.
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)mobilization partner in the Rotterdam region.
Martin van Leest, Managing Director of ROG, says: 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 organization during the execution of projects will most certainly be acknowledged by our customers.