Naiad Maritime Group buys product manufacturers

Author:
Updated:
Original:

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

KVH Introduces TracPhone LTE-1

The new communications system provides connectivity up to 20 miles offshore in more than 150 countries.

Supreme Builds First Boat in New Facility

The towboat builder moved to the new 160,000-sqare-foot plant in Georgia earlier this year and plans to produce two boats a day.

Continued Growth at Vetus

The manufacturer had its best sales month in its 57-year history and promoted longtime employee Ray Browning to U.K. branch manager.

Suzuki Powers Forest River’s New Nepallo Pontoon Boats

The new Nepallo line of pontoon boats with Suzuki engines will be sold at select Camping World and Gander RV & Outdoors stores.

West Marine CEO to Keynote Annual MRA Event

With a “Climate for Change” theme, the Marine Recreation Association’s Educational Conference and Trade Show is set for Oct. 11-13.

Skeeter Owner’s Tourney Held on Lake Fork

A field of 2,000 anglers in 1,000 boats saw a nearly 10-pound bass capture first place in the annual Skeeter owner’s tournament.

Email Remains a Vital Marketing Tool for Dealers

A content marketing staple, emails can consistently deliver valuable and relevant information, if done correctly.