Offshore and marine waste management company Evac is buying to Cathelco, a manufacturer of equipment for ships and offshore installations.
Evac says the acquisition will give it the opportunity to further expand its cleantech solution portfolio to its customers with the addition of new systems, while also opening up new business opportunities in terms of ballast water treatment systems.
Evac did not disclose the terms of the acquisition.
According to Evac, the move will extend Evac’s offering in three main areas: pipework anti-fouling systems, which prevent the build-up of bio-fouling in pipework and also suppress corrosion; hull corrosion protection systems, which prevent hull corrosion and therefore reduce vessel fuel consumption; and ballast water treatment systems, which remove organisms and pathogens from ballast water using UV and filtration technologies.
Evac Group CEO and President Tomi Gardemeister sees clear advantages in the acquisition. “An extended cleantech system offering, together with an enlarged sales and service network, will allow us to offer a more comprehensive range of solutions and services to our customers.”
Justin Salisbury, Group Managing Director of Cathelco Group, says: “Our already broad geographic footprint and expertise in cleantech systems will be augmented considerably by Evac’s broad portfolio, which will enable our customers to meet all their needs from a single reliable partner.”
“This acquisition provides a tremendous opportunity for Evac and Cathelco to work together to become a leader in the field of ballast water treatment systems,” adds Gardemeister. “Demand for these types of solutions is growing rapidly following the introduction of new IMO and US Coast Guard (USCG) regulations relating to ballast water treatment.”