NAIAD Acquires VT Motion Control Group

Friday, May 29, 2009

USA Naiad Maritime Group, Inc. and VT Group plc (VT) announced Naiad Maritime Group’s completion of the acquisition of the collection of businesses known as the VT Motion Control Group, including Naiad Marine Systems, Maritime Dynamics, Vosper Motion Control and Vosper Stabilizers. The acquisition was led by John Venables, former Group President of the VT Motion Control businesses, with 27 years in various engineering and executive capacities at the companies.

Venables will continue to lead the business as President & CEO of Naiad Maritime Group. Naiad Maritime Group, Inc. is comprised of Naiad Dynamics US, Inc., Naiad Dynamics UK, Limited, and Naiad Dynamics Holland, BV. It has operations in Connecticut, Maryland, Florida, and Washington, the Netherlands, United Kingdom, and Australia.

The sale is in accordance with VT’s strategy to grow its service-related business. Some 80 percent of VT’s turnover is now generated by its service-related business and the Group has announced its intention to sell its stake in the shipbuilding and naval support joint venture, BVT Surface Fleet, later this year.

NAIAD dynamics will continue to serve each of these marine sectors, and plans to expand. In addition to specializing in Underway and At Rest (zero speed) Stabilization and Ride Control solutions for displacement and planning monohulls, the company will continue to apply its expertise to supply Ride Control Systems for virtually all types of advanced hull forms including Catamarans, Trimarans, SWATH vessels, SLICE vessels, Submerged Foil vessels, Air Cushion vessels, and Surface Effect Ships (SES).

A sample of recent applications of the company’s Stabilization and Ride Control Systems includes:
• United States Navy 115m USS Freedom, Littoral Combat Ship, Ride Control System
• Royal Navy of Oman 100m Ocean Patrol Vessels (qty 3), Active Fin Stabilizers
• Trinidad & Tobago Coast Guard 90m Offshore Patrol Vessels (qty 3), Active Fin Stabilizers
• Heesen Yachts 50m motoryacht Man of Steel, Active Fin Stabilizers with Stabilization at Anchor (zero speed) capability
• Retrofit of 100m motoryacht Attessa IV, Active Fin Stabilizers with Stabilization at Anchor (zero speed) capability
• CRN 60m motoryacht Romance, Active Fin Stabilizers with Stabilization at Anchor (zero speed) capability
• Amels 52m motoryacht Were Dreams, Active Fin Stabilizers with Stabilization at Anchor (zero speed) capability
• Azimut-Benetti 65m motoryacht Silver Angel, Active Fin Stabilizers with Stabilization at Anchor (zero speed) capability

Maritime Today


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

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

People & Company News

Swiber Applies for Judicial Management Instead of Liquidation

Singapore oilfield services company Swiber Holdings Ltd said on Friday it has applied to place itself under judicial management instead of liquidation.   Swiber

Cenac Marine to Christen New Vessel, Donate Barge

A ceremony will be held July 29 at Cenac Marine Services headquarters in, Houma, La. To commemorate the christening of its newest vessel, M/V Quincey Cenac, as

Concordia Maritime Posts Q2 Profit

Facing a “gradually deteriorating market,” Sweden based tanker shipping company Concordia Maritime said it was able to post a profit in Q2 2016 based on high vessel

 
 
Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Repair Ship Simulators Sonar
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: 0.0928 sec (11 req/sec)