In total, the two companies have in order about 260 scrubber systems, while the combined company will also enhance its R&D efforts to develop competitive green technologies for shipowners as well as for other industries.
Nicolas Busch, shareholder and acting CEO of FMSI, stated on the occasion:
We expect the combined company will achieve a substantial increase in market share and create a strong foundation for pioneering compliant scrubber technology for years to come
The merger is now subject to agreement on the terms of the final transaction agreements, customary due diligence reviews, any required approvals by regulatory authorities and other customary conditions.
The merged company will have equal shareholdings from the companies’ owners.