RINA has acquired the entire share capital of Foreship, a renowned Finnish company specialising in naval architecture and marine engineering, from Vaaka Partners and company’s managers.
Foreship, with 2024 revenues of €15.2 million is headquartered in Helsinki and employs over 90 professionals across eight offices globally, including the USA, UK and Estonia. The company is best known for its high-profile work in cruise ship design, energy-efficient vessel innovations, and sustainable marine technologies.
In line with RINA’s governance and organizational model, Foreship operations will be part of RINA Consulting. According to Foreship, its unique and distinctive experience in naval architecture offers high synergies within RINA Consulting and opportunities to increase market share in the maritime consultancy sector, particularly in complex retrofits, new fuel integrations, and digital transformation.
Foreship’s vision is to lead in sustainable passenger ship conversions, new builds, and consultancy. Joining forces with a global partner like RINA will accelerate our growth, expand our knowledge, and strengthen our client relationships, while continuing to foster the close collaboration we value
… said Lauri Haavisto, Chief Executive Officer of Foreship.
Ugo Salerno, Executive Chairman of RINA, praised Foreship’s unique competence and strong expertise in naval architecture, noting it complements RINA’s engineering capabilities. He emphasized that the partnership will enhance value for the global shipping industry through sustainability, digital innovation, and lifecycle services.
Meanwhile, Carlo Luzzatto, CEO and General Manager of RINA, expressed pride in acquiring a company that shares RINA’s values of independence, innovation, and engineering excellence. He highlighted that Foreship’s reputation and global client base align with RINA’s strategic growth in marine consulting, and that its trusted advisor status will be preserved and enhanced.
