CDI Electronics Acquires Balmar Marine

By Michelle Howard
Monday, June 09, 2014

CDI Electronics has announced the acquisition of Ballard Commercial Industries located in Arlington, Washington. The transaction was completed on June 6. Financial terms were not disclosed. CDI Electronics was founded in 1983 and is a company in aftermarket outboard ignition systems and diagnostic software. Balmar was founded in 1982 and is known worldwide for its high-output alternators and premium DC charging systems for gasoline and diesel inboards.
 
Tim Bock, Chairman of CDI Electronics described the combination of CDI Electronics and Balmar as “a perfect fit for both companies, as CDI will benefit from the expansion of its product and market reach beyond gas outboards, while Balmar will benefit from the broad distribution relationships and execution systems afforded by CDI’s ISO 9001-certified factory. CDI’s expansion to inboard applications started with our recent releases of the Marine Engine Diagnostic System (“M.E.D.S.”) to cover MEFI and CANbus applications. Our growth toward inboard electrical and electronic products takes a big leap forward with the addition of Balmar. The Balmar team brings broad expertise in solving inboard charging system problems with their line of high-output alternators and multi-stage voltage regulators.”
 
Bill Montgomery, retiring majority owner of Balmar remarked, “We are very pleased to place Balmar in the hands of a capable management team with similar values and business philosophy.  We believe the two companies have similar cultures, with each organization focused on providing excellent diagnostic and application support to boaters and marine dealers.”

 

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

People & Company News

Deep Sea Mooring Wins Contract with Repsol

Global energy company Repsol has selected Deep Sea Mooring (DSM) to provide a range of mooring services for their drilling operations on the Norwegian Continental Shelf.

Statoil: New Compressor Means Heightened Production

The new compressor in operation on the Kvitebjørn field in the North Sea from 17 September will increase production there by 220 million barrels of oil equivalent

Specialised Reefer Container Operators can Thrive: DMR

Despite growing competition from container lines, specialised reefer operators can still thrive, according to Drewry’s latest Reefer Shipping Market Annual Review & Forecast,

Fuels & Lubes

Statoil: New Compressor Means Heightened Production

The new compressor in operation on the Kvitebjørn field in the North Sea from 17 September will increase production there by 220 million barrels of oil equivalent

Short-Term Perils of Lower Oil Prices: DW Monday

At present we are seeing lower oil prices as a function of softer demand growth in both Europe and China combined with recent output increases from OPEC, particularly Libya,

WWll Liberty Ship Spills Oil

The Coast Guard and California Department of Fish and Wildlife personnel are investigating a fuel spill that occurred near Pier 45 at Fishman’s Wharf in the San Francisco Bay,

Marine Power

HERCULES-2 Phoenix Rises from the Ashes

Wärtsilä Corporation advises that the HERCULES R&D programme to develop large engine technologies, which was initiated in 2004 as a joint vision by the two major European engine manufacturing groups,

Significant Progress on Perth Wave Energy Project

Wave energy developer Carnegie Wave Energy Limited has provided an update on the recent progress of the Perth Wave Energy Project. Carnegie has made significant

Dann Marine Repowers With Cummins Tier 3 Engines

Dann Marine Towing, LC., is a fifth generation family owned and operated tugboat company based in Chesapeake City, MD. The model-bow twin-screw tug Sea Coast was

News

Video: Tuco Marine Debuts Wind Farm Service Boat

Tuco Marine Group of Denmark discloses the newest vessel in the ProZero series of Fast Rescue Boats, Daughter Crafts and Workboats; The New 13m WIND FARM SERVICE BOAT.

Deep Sea Mooring Wins Contract with Repsol

Global energy company Repsol has selected Deep Sea Mooring (DSM) to provide a range of mooring services for their drilling operations on the Norwegian Continental Shelf.

Statoil: New Compressor Means Heightened Production

The new compressor in operation on the Kvitebjørn field in the North Sea from 17 September will increase production there by 220 million barrels of oil equivalent

Marine Equipment

Deep Sea Mooring Wins Contract with Repsol

Global energy company Repsol has selected Deep Sea Mooring (DSM) to provide a range of mooring services for their drilling operations on the Norwegian Continental Shelf.

EMGS - New Contract in the Norwegian Sea

Electromagnetic Geoservices ASA (EMGS) announced an agreement from Statoil Petroleum AS for the Norwegian Sea. EMGS has now received a new contract from another oil and gas company worth USD 1.

Lilaas Engages Imtra for N. American Distribution

Strong prospects in the North American marine equipment market have triggered a new importation and distribution agreement between control specialist Lilaas

Electronics

AN/SPY-1 SSSA Completes Critical Design Review

The Critical Design Review (CDR) stage for AN/SPY-1 radar Solid-State Switch Assembly (SSSA)'s high voltage modulator completed Aug. 26, confirming that the

Brommeland to Supply KNS VSATs to Kopervik

Brommeland Elektronikk AS, the Norwegian distributor for KNS, was awarded a contract to supply 13 VSAT systems to a large part of the Norwegian shipowner Kopervik Group fleet.

MARIN Forms 'Maritime Cluster' Facility

Maritime Research Institute Netherlands (MARIN) announced the formal investment of 2 million Euros in a large and fast Bull computer cluster (4000 computational cores).

Mergers & Acquisitions

Sulzer Shareholder has 5 pct Dresser-Rand Stake

Russian billionaire Viktor Vekselberg's Swiss investment firm Renova Group said on Friday it had a 4.99 percent stake in U.S.-based Dresser-Rand, which might become the object of a takeover battle.

Source: Siemens Offering $6.1 bln for Dresser Rand

Germany's Siemens plans to offer more than $6.1 billion, or $80 per share, for U.S. compressor and turbine maker Dresser-Rand, Germany's Manager Magazin said on Friday.

Global Ship Lease to Acquire Containership

Global Ship Lease, Inc. has  announced  that it has agreed to acquire a 8,063 TEU containership from a leading container liner company for a purchase price of $55 million.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Ship Electronics Ship Repair 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: 0.1991 sec (5 req/sec)