Damen finalises Keppel Verolme takeover

Mergers and Acquisitions, Ship Conversions, Shipbuilding and Shipyards, Shiprepair — By on June 30, 2017 at 4:03 PM

From the contract signing on a l to r: Durk-Jan Nederlof, Managing Director Damen Shiprepair & Conversion and Ang Ting Yang, General Manager Corporate Development Keppel Offshore Marine.

30 June 2017: Damen Shiprepair & Conversion (DSC), a part of Damen Shipyards Group, today announced the acquisition of the Keppel Verolme shipyard from Keppel Offshore & Marine.

DSC’s acquisition of the yard follows an initial agreement made between the two parties in April of this year. From 1 July, the Keppel Verolme shipyard, including its 250 staff members, will continue operations under the Damen flag.

“We look forward to joining forces with the Verolme yard and its people. The facilities and personnel are complementary to our existing organisation. This acquisition will enable us to serve our existing clients even better while opening up new opportunities,” says Durk-Jan Nederlof, Managing Director of Damen Shiprepair & Conversion.

With three dry docks – the largest of which measures 405 x 90 metres – and almost 2km of quay capacity, the Verolme yard, located in Rotterdam’s Botlek harbour, will significantly expand DSC’s portfolio. DSC already operates eight repair and conversion yards in the Netherlands and another eight abroad.

From the signing ceremony

Damen Shipyards Group

Damen Shipyards Group operates 33 shipbuilding and repair yards, employing 9,000 people worldwide. Damen has delivered more than 6,000 vessels in more than 100 countries and delivers some 180 vessels annually to customers worldwide. Based on its unique, standardised ship-design concept Damen is able to guarantee consistent quality.

Damen’s focus on standardisation, modular construction and keeping vessels in stock leads to short delivery times, low ‘total cost of ownership’, high resale values and reliable performance. Furthermore, Damen vessels are based on thorough R&D and proven technology.

Damen offers a wide range of products, including tugs, workboats, naval and patrol vessels, high speed craft, cargo vessels, dredgers, vessels for the offshore industry, ferries, pontoons and superyachts.

For nearly all vessel types Damen offers a broad range of services, including maintenance, spare parts delivery, training and the transfer of (shipbuilding) know-how. Damen also offers a variety of marine components, such as nozzles, rudders, anchors, anchor chains and steel works.

In addition to ship design and shipbuilding, Damen Shiprepair & Conversion has a worldwide network of 17 repair and conversion yards with dry docks ranging up to 420 x 80 metres. Conversion projects range from adapting vessels to today’s requirements and regulations to the complete conversion of large offshore structures. DSC completes around 1,350 repair and maintenance jobs annually.

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