Vard buys marine software and automation provider

Vard buys marine software and automation provider

Athens: Seaonics, part of Singapore-based shipyard group Vard, has acquired ICD Software, which provides automation and control system software to the offshore and marine sectors. The purchase price for the business was not disclosed.

Vard says the deal will enable Seaonics to expand its business in deck handling equipment and automation technology for cranes and winches, particularly for drilling vessels.

ICD Software employs 63 people, around half of whom are based in Norway, with the rest in Poland and Estonia.

“This acquisition is a catalyst for growth and development of Seaonics, and an important step for Vard in strengthening our equipment and solutions portfolio,” said Stig Bjørkedal, Vard’s executive vice-president for equipment and solutions and chairman of Norway-headquartered Seaonics, which is 51% owned by Vard.

“The integration of in-house-developed automation and control system software enables us to offer a complete complex product delivery to the customer.”

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.

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