Schottel, Frydenbø Partner

Wednesday, May 16, 2007
With effect from March 31, 2007, 15% of the shares in the SCHOTTEL Group have passed from former Chairman Dietrich W. Bork to Frydenbø Industri AS.

Frydenbø Power AS, a subsidiary of Frydenbø Industri AS, is a long-standing sales partner of SCHOTTEL in Norway. With the remaining shares in the company being held by the founder’s family, SCHOTTEL has thus found a fitting strategic partner with long-term perspectives. With strong agencies and subsidiaries in all the major shipping centres, SCHOTTEL has always maintained a local presence in the vicinity of its market.

The SCHOTTEL Group, based in Spay am Rhein, Germany, ended the 2006 business year with consolidated group sales of about 150 million Euros (2005: 120 million Euros). This excellent result underscores the strong market position of this medium-sized company, which builds marine propulsion and manoeuvring systems with power ratings of up to 30 MW for vessels of all types and sizes.

“In the coming years we shall continue to grow on the strength of our capabilities”, asserts Managing Director Prof. Dr. Gerhard Jensen. In the course of this year, a new production shop is to be built in China, as well as a new warehouse in Wismar. Further investments are planned for the following years. The firm foundation for this growth is the exceptionally high level of orders on hand in all business segments.

For the Frydenbø Group the acquisition is part of an international strategy for their industry subsidiary, Frydenbø Industri AS. “Not only will the cooperation and part ownership of the SCHOTTEL group be a step towards a stronger international presence for our company, it will also strengthen our focus on production”, says Knut Herman Gjøvaag, chief executive and owner of the Frydenbø Group.

Frydenbø Industri is one of the largest suppliers of diesel engines, generating sets and propeller equipment in Norway, with a strong position within sales, service, after sales and part deliveries. “Being directly involved in production is a natural step for the future development of our company. We are happy to have strengthened the ties with the SCHOTTEL Group”, Gjøvaag explains.

Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Asia VLCC Rates Could Nudge Higher on Activity

Rates for very large crude carriers (VLCCs) on key Asian freight routes could hold steady or gain next week as charterers seek to complete their vessel chartering

Danish Bunker Trader Joins GAC in London

GAC Bunker Fuels says it has appointed former GAC Denmark Shipping Assistant Ida Ryberg as a Bunker Trader with its UK team. Ryberg joins Andy Boichat and Resham

Costa Tow Update: Climate Onboard 'Calm'

According to the latest update, after approximately 30 hours of navigation, the Concordia has travelled 63 nautical miles at an average speed of 2 knots, informs

 
 
Maritime Security Maritime Standards Navigation Offshore Oil Pod Propulsion Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1573 sec (6 req/sec)