Svanehøj acquires Force Technology’s Marine Equipment Service department
Deepwell pump manufacturer Svanehøj has taken over Force Technology’s Marine Equipment Service department, a provider of service solutions for cargo systems.
The acquisition makes Svanehøj a full-scope cargo system service provider with competencies in servicing and calibrating pumps, compressors, valves and instrumentation.
“With this acquisition Svanehøj becomes a one-stop shop, which both delivers the pump systems and handles the overall service task,” said Morten Christian Larsen, director, Service & Aftersales at Svanehøj Group. “It removes a number of non-value-added costs because the shipowner can get all their servicing and maintenance from one supplier.”
Svanehøj Group’s goal is to triple revenue over a five-year period up to 2023, and part of the growth will be achieved through investments in the service business.
“In the coming years, the service market will grow,” said Søren Nielsen, CEO of Svanehøj Group. “Svanehøj is already the leading supplier of cargo pumps for LPG carriers. With this acquisition, we are doubling our service business and sending a strong signal to the market that Svanehøj will also be the leading service provider in this segment.”
Kristian Bertelsen, Force Technology’s Marine Equipment Service department manager, will continue at Svanehøj as service manager.
“Customers are increasingly demanding full-scope service providers, which we can accommodate because going forward we will represent the leading manufacturers in both pumps and compressors for LPG carriers,” said Bertelsen. “Svanehøj is strong in pumps but has lacked the skills to service compressors, valves and instrumentation. They are now getting this in the form of 20 service specialists with extensive experience from countless dockings. Together, we’re creating a service operator that will be able to take significant market shares in the coming years.”
The Svanehøj Group, which is headquartered in Denmark, was established when investment company Solix acquired Wärtsila Pumps, including the Svanehøj, Hamworthy Pumps, Eureka and Dolphin brands, in autumn 2018.
Svanehøj’s acquisition of Force Technology’s Marine Equipment Service business is part of the growth strategy. Last year, Svanehøj and its sister company Hamworthy Pumps opened a large service centre in Singapore.