Skip to main content

Viking Life-Saving Equipment buys competitor

Marine and fire safety equipment manufacturer Viking Life-Saving Equipment A/S recently acquired Hygrapha GmbH & Co.

"The move sees the two former competitors joining forces to strengthen capabilities, with a strong strategic presence in Germany, where the deal will be a significant win for ship owners looking for global safety solutions," the companies said in a statement.

Terms of the deal were not disclosed.

"I see this move as the perfect match of two highly complementary players in the maritime industry," Viking CEO Henrik Uhd Christensen said in a statement. "Working together expands our network and competencies and is another step in our strategy to be the one-stop shop for maritime safety needs."

Hygrapha's president, Rüdiger Steinbach, will remain in charge in the German market, becoming managing director for Viking Germany.

"Both Hygrapha and Viking are widely recognized as leaders in safety equipment. But Viking's safety network and global resources are second to none, offering us new opportunities to expand our activities in Hamburg and beyond," Steinbach said in a statement. "I look forward to developing the business together and achieving new levels of growth."

Related

1_RIGHWHALES

Industry Pushes Back Against Speed Restrictions

A NOAA Fisheries proposal would restrict boats 35 feet and larger to a 10-knot speed limit along the East Coast to protect right whales from vessel strikes.

4_MAGONIS

Magonis Opens Connecticut Office

The Spain-based, electric-boat builder offers an 18-footer that’s available with motors from Torqeedo and Mag Power.

01_YOUTH.FISHING

Bill Seeks to Increase Youth Fishing

The bipartisan Coastal Fishing Program Act of 2022 would ease barriers to accessing the outdoors in underserved communities.

Norm

Fall Is in Full Swing

With the autumnal equinox ushering in a new season today, the fall boat-show circuit is in high gear. Here are some recent reports and a look at what’s to come.

3_MANUFACTURER.CONFIDENCE

Manufacturer Confidence Drops

Still, U.S. builders remain largely optimistic despite ongoing constraints with the supply chain and workforce, as well as yesterday’s interest rate hike.

1_TEMO.DEFENDER

Defender Adds TEMO Electric Boat Motor

Defender Industries is the official U.S. dealer for the French company’s lightweight, portable electric motors.

2_TWIN.DISC.BELGIUM

Twin Disc Sells Belgium Facility

The transmission manufacturer is still using the facility in a leaseback transaction as it looks to reduce costs.