Viking Acquires Hygrapha

Wednesday, October 06, 2010
Viking CEO Henrik Ud Christensen. (Photo courtesy JLA Media Ltd)

Global marine and fire safety equipment manufacturer Viking Life-Saving Equipment A/S has agreed to acquire Hygrapha GmbH & Co. The move sees the two former competitors joining forces to strengthen capabilities, with a strong strategic presence in Germany, where the deal will be a significant win for shipowners looking for global safety solutions.

Viking CEO Henrik Uhd Christensen said,“I see this move as the perfect match of two highly complementary players in the maritime industry. Viking with its manufacturing base and unique global safety network, and Hygrapha with its in-depth knowledge of safety products and strong presence in Asia and especially in the German market. Working together expands our network and competencies, and is another step in our strategy to be the one-stop shop for maritime safety needs.”

With an annual turnover in excess of $20.8m and some 35 employees globally, Hygrapha has grown to become one of the largest independent trading suppliers of safety products to the maritime industry.  Hygrapha officially became part of the Viking Life-Saving Group on October 1, 2010.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Danish Maritime Days Themes Announced

Four themes at this year’s Danish Maritime Days will highlight some of the most important challenges and opportunities which the global maritime industry is facing, organizers said.

CMA CGM Proceeds with NOL Takeover after China Okay

CMA CGM, the world's third-largest container shipping firm, is to go ahead with its planned acquisition of Singapore's Neptune Orient Lines (NOL) after receiving regulatory clearance from China,

Singapore Exchange in Talks to buy Baltic Exchange

Baltic Exchange privately owned by 380 shareholders. The Singapore Exchange (SGX) is in exclusive talks to buy London's Baltic Exchange, which has been at the

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0926 sec (11 req/sec)