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Mergers & Acquisitions

Offshore Lighting Solutions Firm Glamox Buys Luminell

Credit: Luminell (File Photo)

Glamox, a supplier of lighting solutions to the marine and offshore markets, has signed an agreement to acquire the Norwegian company Luminell Group AS.Established in 2010, Luminell develops and provides floodlights, searchlights, and lighting controls in the marine and offshore lighting market. "Together,

IMIA Acquires Main Industries

(Photo: Matt Hildreth / Huntington Ingalls Industries)

International Marine and Industrial Applicators, LLC (IMIA), a portfolio company of an investment affiliate of J.F. Lehman & Company (JFLCO), announced it has acquired Main Industries, Inc.Headquartered in Hampton, Va., Main Industries provides preservation, scaffolding and environmental containment

Nakashima Propeller Takes Majority Stake in Becker Marine Systems

Nakashima Propeller production. © Nakashima Propeller

Japan's Nakashima Propeller Co. has taken a majority stake in the German shipbuilding supplier Becker Marine Systems GmbH.“We have gotten to know Nakashima Propeller as a much respected and reliable partner through decades of cooperation,” said Dirk Lehmann and Henning Kuhlmann, the two managing directors at Becker Marine Systems,

Marlink Gets OK to Acquire ITC Global from Panasonic

Caption: As part of the Marlink Group, ITC Global will mainly focus on energy and high-end customers who demand specific and complex managed network solutions.

Maritime connectivity and IT solutions provider Marlink Group has obtained final regulatory approvals to acquire 100% of ITC Global from Panasonic. "The Marlink and ITC Global management teams are preparing for a swift closing of the transaction in the coming weeks, while remaining fully focused

Crowley’s Skoglund to Lead Mergers and Acquisitions Team

Trish Skoglund (Photo: Crowley Maritime Corp.)

Crowley Maritime Corp. has appointed Trish Skoglund as corporate director of mergers and acquisitions, guiding strategic investments that create sustainable growth and accelerate the company’s competitive advantages.In her newly created role, Skoglund will contribute to all aspects of strategic acquisitions,

Jones Capital Acquires Rockport Terminals

Rockport_Terminals.jpg

Jones Capital said it has acquired Rockport Terminals, one of the largest private intermodal terminals on the Texas Gulf Coast.Rockport Terminals is located within 28 miles of the fast growing Port of Corpus Christi, but outside of the Port's tariff zone. With more than 250 acres of industrial land,

Coatings Giant Hempel Buys Wattyl Australia and New Zealand

Lars Petersson, CEO of Hempel.

Coatings manufacturer Hempel has completed the acquisition of Wattyl Australia and New Zealand, increasing its footprint in Australia and New Zealand.On 18 February 2021, Hempel A/S signed an agreement to acquire leading paint and coatings manufacturer Wattyl Australia and New Zealand from The Sherwin-Williams Company,

International Seaways to Buy Diamond S Shipping in $416 Million Deal

© Taner Colak / MarineTraffic.com

Tanker operator International Seaways Inc said on Wednesday it will buy Diamond S Shipping Inc for about $416 million, as it aims to expand its crude shipping capacity and create one of the largest U.S.-listed tanker companies.Diamond S shareholders will receive $10.17 per share, or 0.55375 shares,

USTC Puts Digitalization on the Fast Track with BunkerEx Acquisition

© vladsv / Adobe Stock

USTC has acquired BunkerEx in a move to step up and streamline digitalization activities across USTC companies.BunkerEx caters to digitalization and transparency within logistics and transport, providing accessibility and optimization of online platform for fueling costs.“The acquisition of BunkerEx

USTC Acquires 60% Stake in CM Biomas

Photo courtesy USTC

USTC has acquired 60% of CM Biomass, the world’s largest independent wood pellet trading company, a move designed to consolidate USTC as a global force in shipping and trade. USTC, which has a long history within commodity trade, shipping, and logistics, has acquired the stake of CM Biomass, a company in theCopenhagen Merchants Group.

Norway Blocks Rolls-Royce's Plan to Sell Bergen Engines to Russian Firm

(File image: Rolls-Royce)

Norway will block Rolls-Royce from selling a Norwegian maritime engine maker to a Russian company on national security grounds, its justice minister told parliament on Tuesday.Based on Norway’s west coast, and owned by Britain’s Rolls-Royce for more than 20 years, Bergen Engines supplies NATO member

Jurong Port Buys Lim Family's Stake in Universal Terminal

© Surapol USanakul / Adobe Stock

Singapore port operator Jurong Port has completed its acquisition of a stake in a major oil storage terminal in the city-state from the family behind collapsed oil trader Hin Leong Trading Pte Ltd, a port spokesman said on Saturday.The spokesman said government-owned Jurong Port had completed the purchase

Hapag-Lloyd Acquires NileDutch

(Photo: NileDutch)

German container shipping company Hapag-Lloyd announced Wednesday it has reached a deal to acquire NileDutch, based in the Netherlands, strengthening Hapag-Lloyd's position in the African market.The sale and purchase agreement will see Hapag-Lloyd acquire all shares of  Nile Dutch Investments B.

Survitec to Acquire Hansen Protection

(Photo: Survitec)

U.K.-based safety and survival solutions provider Survitec on Wednesday said it has signed an intent to purchase Hansen Protection, a Norwegian provider of specialist survival suits and protective equipment.Ron Krisanda, Survitec's executive chairman, said, "Hansen Protection has a reputation for consistently

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