Maritime safety equipment manufacturer VIKING Life-Saving Equipment announced it has acquired the Norwegian boatbuilder Norsafe. The two companies share virtually identical missions, both focusing on people’s safety and leading their respective markets through constant innovation.
Established in 1903, Norsafe produces a full range of free-fall lifeboats and fast rescue boats with davits and have supplied over 28,000 lifeboats to global ship market. Its lifeboats are manufactured in accordance with the latest SOLAS requirements and approved by national and certifying authorities for both ships and offshore use.
This is a very close operational and cultural fit. Like VIKING, Norsafe has been family-owned for generations, which creates strong and lasting relationships with customers – and it places the same emphasis on quality, on the use of advanced materials and on technological innovation as we do,
…commented VIKING CEO Henrik Uhd Christensen.
Norsafe acquisition adds further to VIKING’s focus on answering new demands for full-scope solutions by providing comprehensive safety solutions, the company explained.
Adding Norsafe’s current network to VIKING’s extends our already impressive global reach. And on the training side, with Norsafe’s specialized centres in Norway and Greece offering product and STCW courses, VIKING’s training arm will also receive a boost to its ability to help vessel and offshore asset owners manage crew competencies,
…added Mr. Henrik Uhd Christensen.
With respect to the acquisition, Norsafe’s CEO, Dag Songedal, commented:
Under the VIKING umbrella, we are creating a more robust and more capable business model that will ensure we can continue to advance our ability to protect people at sea with compelling lifeboat solutions.
The parties have agreed not to disclose the sales price, and closing is expected on 1 October 2018.
