Naiad Maritime Group buys product manufacturersPosted on
Naiad Maritime Group recently acquired VT Motion Control Group from VT Group Plc.
The acquisition includes marine system brands Naiad Marine Systems, Maritime Dynamics, Vosper Motion Control and Vosper Stabilizers. These businesses collectively constitute one of the world’s largest suppliers of roll stabilization systems spanning the commercial ship, luxury yacht and military sectors.
With the recent acquisition, the fully integrated business will trade globally under the unified Naiad Dynamics brand. It will continue to serve each of these marine sectors and plans to expand.
The transaction was led by John Venables, former group president of the VT Motion Control businesses with 27 years in various engineering and executive capacities at the companies. He will continue to lead the business as president and CEO of Naiad Maritime Group.
Naiad Maritime Group comprises Naiad Dynamics US Inc., Naiad Dynamics UK Ltd., and Naiad Dynamics Holland BV. It has operations in Connecticut, Maryland, Florida, Washington, the Netherlands, United Kingdom and Australia.
“The sale presents a unique opportunity to complete the total integration of these businesses into one unified and cohesive business,” Venables said in a statement. “This structure benefits our customers technologically, economically and through a combined global support network.”