Danish safety solution and service provider VIKING Life-Saving Equipment has acquired Drew Marine’s Fire Safety and Rescue (FSR) division, a move that will see VIKING’s global volume, reach, and technical competencies for marine firefighting equipment services (MFS) increase.
The deal follows VIKING’s acquisition of Norsafe, a provider of high-quality lifeboats, rescue boats, and a davit OEM, last year, which enhanced its market position as a multi-brand lifeboat service provider.
Following its most recent acquisition, VIKING has increased its marine fire-service capability base and global market presence within this field significantly. It has also positioned the company as an end-to-end supplier of full-scope maritime safety solutions in the market.
VIKING’s strategic decision to acquire Drew Marine’s FSR division will also advance the VIKING Shipowner Agreement concept, which allows vessel owners and operators to streamline and simplify all aspects of safety equipment compliance with a single global expert supplier.
At the time of the acquisition, Drew Marine’s FSR was providing services in more than 150 ports across 45 countries, offering FSR services and specialising in solutions for fixed-firefighting foam, fixed-extinguishing, and dry-powder systems. The company also sold calibration solutions for gas detection, medical oxygen, and drydocking services.
The acquisition will see over 50 Drew Marine FSR staff members currently located at seven locations transferred to VIKING. The Drew Marine FSR headquarters in Rotterdam will take on a new role as VIKING’s new global MFS competency centre. This will be supported by a widening network of MFS-capable servicing stations worldwide. The capabilities, experience, and know-how of Drew Marine’s FSR technicians will be transferred to the global VIKING MFS setup.
Dialogue around the acquisition of Drew Marine’s FSR division by VIKING started in 2019 in the wake of Drew Marine’s new CEO, Frank Monteiro, setting a new strategic direction for the company, focussing more explicitly on its core chemistry business and technical expertise. Consequently, the quest for a suitable partner to take ownership of Drew Marine’s FSR division began.
VIKING CEO Henrik Uhd Christensen said, “In terms of competencies and services, the acquisition will provide customers with more advanced expertise and capabilities in marine fire services and drydocking, as well as wider product choice and service flexibility.”
The transaction will officially take place on 2 January 2020.