Wärtsilä brings underwater services in-house with Trident acquisition

Wärtsilä has acquired Dutch underwater ship maintenance, inspection, and repair services firm Trident Group for a price of up to EUR21m ($25m).

Established in 1993, Trident is an underwater service supplier specialising in repair, overhaul, and maintenance of propulsion systems, hull, and machinery.

Wärtsilä has previously provided underwater services through partners, and with the acquisition it builds in-house competence to strengthen its position in the market becoming the first global operator in the underwater services market.

Trident’s services will be integrated with Eniram’s analytics, expanding Wärtsilä ‘vessel-as-a-service’ offering to achieve maximum fuel savings by optimising hull cleaning cycles.

Tamara de Gruyter, VP for North Europe and Propulsion System Services, commented: “This acquisition supports Wärtsilä’s strategy on several fronts, starting from Wärtsilä’s purpose to enable sustainable societies with smart technologies. Reduced fuel consumption, efficiency improvements and higher utilisation rates are always on the top of the operators’ agenda. At the same time, environmental issues are becoming an integral part of customers´ business planning. Trident is a pioneer in the development of environmentally sound solutions for example hull cleaning.”

The acquisition is expected to be closed next month.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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