Optimarin Reveals Post Ballast Water Convention Strategy

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  • Optimarin, has acquired Hyde Marine, part of Italy’s Industrie De Nora as the company lays out its corporate development strategy.
  • Optimarin has not revealed details of the deal but the deal will unveil key points in the company’s strategy.

Norwegian ballast water treatment system manufacturer Optimarin has acquired the Hyde Marine brand from Italy’s De Nora, as it looks to expand its product portfolio, reports Seatrade Maritime News.

The company has purchased the technologies, trademarks and selected assets of the Hyde Marine and Hyde Guardian UV ballast water treatment technology brands but will not directly take on any of the brand’s staff.

Post Ballast Water Convention Strategy

Optimarin CEO Tore Svanheld, who joined the company at the beginning of the year, said that it was important for the business to find ways to grow as the boom seen in the retrofit market for ballast water treatment systems came to an end.

During a press conference about the acquisition, Svanheld and Tore Andersen, executive vice president of marketing, said that the addition of Hyde Marine’s assets would allow Optimarin to look closely at the new build market in Asia.

Speaking to Ship Technology, Svanheld hinted that the acquisition may not be the only one for the company as it looks to expand its product range: “We have plans to grow further, let me put it like that.” He said.

Addressing the future of the retrofit market for ballast water treatment systems, Optimarin said that it was now seeing an increase in orders for “retrofits of retrofits” as companies sought to upgrade their now aging systems.

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Source: Seatrade Maritime News