Rutter Acquires OceanWaveS GmbH

Press Release
Thursday, November 01, 2012

Acquisition combines leaders in marine radar signal processing.
 

Rutter Inc. (TSX: RUT) is pleased to announce it has acquired OceanWaveS GmbH of Lüneburg, Germany, a recognized industry leader in the development and supply of radar-based wave and surface current measurement technology. Rutter’s sigma S6 and OceanWaveS’ WaMoS are respected within the industry for discrimination of ice, oil, small targets, waves, currents and bathymetry from conventional navigational X-band radar. Combining OceanWaveS’ wave and current measuring capabilities with Rutter’s sigma S6 Ice Navigator will give Rutter a competitive edge in a growing offshore and coastal monitoring market.


 
 “The acquisition aligns with Rutter’s operational strategy of delivering best-in-class ocean surface monitoring and reporting products in key markets such as offshore oil development, cold oceans exploration, and coastal monitoring and protection.  WaMoS II is a mature product with demonstrated market demand. Acquiring this product and underlying technology both eliminates a significant development risk and creates new revenue generation opportunities.” noted Rutter’s President and Chief Executive Officer, Fraser Edison.   “We are also pleased to have a German-based operation which provides Rutter with a technical center and physical presence closer to European customers” he added.


 
Measuring the wave and current properties of the ocean, simultaneously with monitoring oil, ice or small targets, will become a key component for a predictive mode capability within the sigma S6.  Making oil spill response efforts more efficient, by providing predictive capabilities as to direction of drift and dispersion of oil, will create a direct performance advantage for Rutter which is expected to strengthen its overall share in that market. The merger of the two companies will also create benefits to existing customers of each company’s traditional products by combining two mature technologies that have a proven performance record.  
 


Co-founder of OceanWaveS Konstanze Reichert stated that, “Both companies share a passion for the creation of exceptional products and services and have strong R&D, sales, and support capabilities within the offshore, shipping and coastal monitoring markets.  OceanWaveS has a global distribution and install base for its WaMoS II product, and has recently earned success in markets Rutter has identified as being emergent and important to its long term success, including China, and Austral-Asia.  We look forward to contributing to Rutter’s expansion in these markets.” 

Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

1,000th Becker Mewis Duct to Be Presented at Nor-Shipping

Hamburg-based Becker Marine Systems will present its 1,000th Becker Mewis Duct in Oslo at Nor-Shipping 2015.   The use of all ducts previously delivered will have lowered CO2 by more than 1.

Shell Declares Force Majeure on Forcados Crude Exports

Shell has declared force majeure on exports of Nigeria's Forcados crude oil stream, a spokesman for the company said on Wednesday.   It declared force majeure

IMCA Publishes Security, Emergency Guidance

The threat to maritime security from piracy, terrorism, criminal acts, and hostage and kidnapping threats continues to pose challenges to ships’ owners, masters and crew members,

Technology

Japan to Hand Over Data Ahead of Australia Submarine Bid

Japan will agree this month to give Australia classified submarine data, an unprecedented step signalling Tokyo's intent to join competitive bidding to sell Canberra a fleet of stealth subs,

M-I SWACO Unveils Fluid, Cuttings Separator

M-I SWACO, a Schlumberger company, announced today the release of the SCREEN PULSE fluid and cuttings separator. Easily installed onto new or existing shale shakers,

ENSCO 110, ENSCO 104 Contracted for UAE & M.E.

Ensco plc has entered into a three-year contract with NDC for a new premium jackup, ENSCO 110. This newbuild rig is scheduled to commence operations later this

Contracts

Modernization for Two Swedish Icebreakers

Protacon, a company based in Jyväskylä, Finland, informs it has received an order from Swedish Maritime Administration for the modernization of electric and automation systems of two icebreakers.

Maersk Issues 'letter of undertaking' to Iran

Maersk Line said on Wednesday it had provided a letter of undertaking in relation to uncollected cargo that has led to the seizure by Iranian authorities of the vessel Maersk Tigris.

Iran: Maersk Boxhip Dispute Near Settlement

Iran said on Wednesday a legal settlement could be reached soon over its seizure of the Marshall-Islands flagged Maersk Tigris container ship in the Strait of Hormuz last month,

Marine Electronics

Cabela's Names Navico Vendor of the Year

Navico, the world’s largest manufacturer of marine electronics and parent company to the Lowrance, Simrad, B&G and GoFree brands — has been named Cabela’s® 2014

Tampnet, Marlink Partner for Offshore 4G Services

New low latency mobile communication services set to improve support of offshore vessel operations   Marlink and Tampnet have signed a partner agreement for the

Martek Launches On-board ECDIS Training

U.K.-based ECDIS manufacturer Martek Marine Ltd. has partnered with German ECDIS training supplier Safebridge GmbH and the ECDIS Training Consortium to deliver

Offshore

ABS Expands in Offshore Markets with AIM Service

ABS Group has announced the release of a new offshore Asset Integrity Management (AIM) service focused on driving operational reliability, efficiency and profitability for asset owners and operators.

M-I SWACO Unveils Fluid, Cuttings Separator

M-I SWACO, a Schlumberger company, announced today the release of the SCREEN PULSE fluid and cuttings separator. Easily installed onto new or existing shale shakers,

ENSCO 110, ENSCO 104 Contracted for UAE & M.E.

Ensco plc has entered into a three-year contract with NDC for a new premium jackup, ENSCO 110. This newbuild rig is scheduled to commence operations later this

Mergers & Acquisitions

Royal IHC, Dräger Join Forces

Royal IHC and Dräger have joined forces to offer the market a single source for fully integrated Diving Support Vessels.   The initial focus will lie on the market segment of vessels with automated,

Hertel Offshore Renamed CKT Projects

Hertel has announced the acquisition of Hertel by Altrad  for its worldwide access solutions, insulation, corrosion protection and mechanical businesses. Hertel

XPO Acquires Port Trucker Bridge Terminal

XPO Logistics has made a deal to acquire Bridge Terminal Transport (BTT) Services, one of the largest motor carriers serving ports and intermodal facilities in the United States, for $100 million.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Navigation Offshore Oil Pipelines Ship Electronics Ship Simulators Shipbuilding / Vessel Construction 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: 0.2565 sec (4 req/sec)