Skip to main content
Updated:
Original:

Naiad Maritime Group buys product manufacturers

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."

Click here for the full release.

Related

AIM Marine Group Hosts Meet the Editors Event

More than a dozen editors from Active Interest Media’s Marine Group participated in the day-long, information-sharing event.

Fairline Makes Leadership Appointments

The British luxury boatbuilder founded plans to chart its course for the future with a new CEO and the return of Derek Carter as chairman.

Battle on the Great Lakes Rages On

The Icebreaker Wind Turbine Development faces strong headwinds from boating and fishing groups.

Limestone Boat Co. Expands Dealer Network

The company adds four new dealers to its roster, with three to represent Aquasport Boats.

NMEA Announces ‘22 Training Course Schedule

For next year, marine training courses will be offered as virtual and in-person sessions for basic marine electronics installers, and in-person only for advanced installers.

GM Invests $150M in Electric Boat Start-Up

General Motors has acquired a 25-percent stake in Pure Watercraft, a Seattle-based e-propulsion outfit.

Patrick Acquires Marine and RV Seating Maker

The Elkhart, Ind.-based component manufacturer finalized its purchase of Williamsburg Marine and Williamsburg Furniture.