SAM Electronics Acquires APSS

Friday, October 19, 2007
SAM Electronics of Hamburg, a subsidiary of L-3 Communications, New York, has acquired APSS S.r.l. of Italy, a leading supplier of automation equipment and control assemblies to the domestic marine market. Based in Diano d’Alba, APSS is an acknowledged specialist integrator of automation systems and manufacturer of control components. Customers include high-end Italian shipyards building cruiseliners, ferries and chemical carriers. Acquisition of the Italian company enhances the broad international presence of SAM Electronics and its Danish subsidiary, Lyngsø Marine. Additionally, together with its strategic partner, L-3 Valmarine of Norway, APSS provides further opportunities for accelerated growth within the automation sector of the marine industry. Commenting on the new acquisition, Klaus Lorenz, President of SAM Electronics, noted: “It further consolidates L-3 Communications’ and SAM Electronics’ marine automation expertise while also strengthening our international role as a major supplier of advanced systems to the world shipbuilding industry”. APSS has been an important partner with L-3 since 1993, enabling L-3 Valmarine to become a market leader in Italy for integrated automation systems (IAS) aboard cruise vessels. “Being now teamed with SAM Electronics and L-3 Communications represents a significant step towards our continued growth”, said Ornella Bracco, President of APSS.

People & Company News

China Cosco Sinks into Red

Dragged by lackluster freight rates in the maritime transport market during the first half of 2016, China Cosco Holdings logged a 7.2 billion yuan ($1.07 billion) net loss for the January-June half,

DNV GL Backs John Laing on First Offshore Wind Investment

DNV GL successfully completed its due diligence work of the offshore wind farm “Nordergründe” in the North Sea, reviewing and quantifying the technical risks of the project.

MobileOps Pursuing Maritime Business

Redmond, Wash. based MobileOps, Inc., a software company specializing in the design and development of maritime software applications (dispatch, safety, compliance,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Navigation Pipelines Ship Electronics Ship Repair Sonar 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: 0.0988 sec (10 req/sec)