Merger Creates UK's Largest Independent Ship Repairer

Press Release
Tuesday, January 29, 2013

Burgess Marine acquire Testbank Ship Repair, making them the country's largest independent in the ship repair business.

Burgess Marine, headquartered in Dover and with sites in Poole and Portsmouth’s naval base, has acquired Testbank Ship Repair, with locations at Southampton docks, Portchester, near Portsmouth, and Avonmouth, near Bristol.

The deal will see 120 full-time staff work under the Burgess Marine banner from the six sites, with a combined annual turnover of £20m-plus.

Nick Warren, Managing Director, Burgess Marine, said: “The various work streams of both companies very much complement each other, so it made compelling business logic for family-owned Testbank to join forces with us to create the largest independent ship repairer in the UK by both geographical location and the fact that we are not tied to any one particular yard or facility.

“Whilst this is an acquisition on paper, both parties view this as very much a friendly merger rather than anything else. “It is one that will benefit our customers across the UK and internationally from economies of scale, as well as providing job security and prospects for our 120 highly skilled and dedicated employees and over 200 sub-contractors."


 

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

Ship Repair & Conversion

Bollinger Fourchon: 13 Years Without a Lost Time Accident

Bollinger Shipyards, Inc. announced that their Bollinger Fourchon, L.L.C. facility has worked 13 years without a lost time accident. Building on a philosophy that starts at the top,

Combat Cold Corrossion via Condition Monitoring

Parker Kittiwake explains why frequent condition monitoring is the most effective measure in combating the recent cold corrosion phenomenon The recent trend in

Hyde Marine, Goltens Enter Engineering Agreement

Hyde Marine, Inc., announced today it has launched an agreement with Goltens Green Technologies division to help shipowners determine how to best fit the chemical

Mergers & Acquisitions

Rohr Dredge Continues European Expansion

Rohr International Dredge Holdings, Inc. announced that it acquired Eurl Rohr France, including its current backlog, inventory and all associated intellectual property (IPR), on July 23, 2014.

Total Sells ts Coal Mining Assets to Exxaro

Total has signed an agreement with Exxaro Resources Ltd for the sale of its 100% stake in Total Coal South Africa (TCSA), its coal-producing affiliate in South Africa.

Braemar Completes Merger with ACM Shipping

Braemar Shipping Services plc has completed the merger with ACM Shipping Group Plc (‘ACM’). ACM will merge with Braemar Seascope, the shipbroking division of Braemar Shipping Services,

 
 
Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Port Authority Salvage Ship Electronics Shipbuilding / Vessel Construction Winch
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: 0.1327 sec (8 req/sec)