Evac announced it will acquire Cathelco, a manufacturer of equipment for ships and offshore installations, a synergistic move for Evac as Cathelco customers include Evac’s current marine and offshore customer groups, including ship owners, shipyards, fleet managers, rig owners and operators, oil companies, navies, and designers.
The 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. 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 ballast water treatment systems, which remove organisms and pathogens from ballast water using UV and filtration technologies.
Cathelco’s sales turnover in the 2016/2017 financial year was 31 million EUR. This translates to a direct increase of about 30% in Evac Group’s turnover, from 105 MEUR to over 136 MEUR.
Terms of the acquisition are not being disclosed.