Damen Marine Components, Van der Velden Marine Systems Announce Merger
- Business & Finance
Damen Marine Components (DMC) and Van der Velden Marine Systems (VDVMS) recently announced a merger, Damen said in its latest announcement.
As of 1st January the two companies are operating together as Damen Marine Components Netherlands (DMC NL).
DMC has been operating ever since the early eighties of the last century in the Damen Shipyards Group, whilst VDVMS has been operating as an independent part of the Damen Shipyards Group’s components division since 2013.
“So in many ways the merger represents a continuation of a successful working relationship. However, the decision was taken to bring the two companies closer together in order to enhance performance,’ Damen said.
Steef E.F. Staal, managing director at Damen Marine Components, explained the thinking behind the move, saying that “this alignment means clients will have access to an increased portfolio of propulsion products in one place. At the same time, it combines the extensive market knowledge of two well-established partners, paving the way to more efficient products and services going forwards.”
Taking into account Van der Velden Marine Systems’ highly respected name in the industry, the brand will continue to be used as trademark for DMC NL’s rudder and steering gear products, Damen said in its announcement.