ZF Marine Acquires HRP

Maritime Activity Reports, Inc.

September 8, 2009

ZF Marine has now acquired HRP Nederland b.v. with all subsidiaries, with production locations in the Netherlands and Indonesia as well as sales and service locations worldwide. HRP produces a wide range of steerable thrusters, which include well-mounted thrusters, retractable thrusters, tunnel thrusters and controls, available in fixed pitch, CP and CRP versions. As in previous years, HRP achieved positive sales development in 2008.  HRP currently has approx. 250 employees worldwide.

According to Roland Heil, ZF Marine's CEO: "With the addition of the new ZF Marine HRP company, we are now able to offer competence in the field of steerable thruster technology. We can swiftly apply HRP’s extensive propulsion know-how, for our future growth in the commercial craft market segment.”

HRP, in the thruster market since 1973, designs and produces a wide range of steerable thrusters for all types of applications throughout the marine industry. Most of the workforce is located in Europe, with headquarters in Krimpen, the Netherlands. HRP also has offices and facilities in Asia, North America, South America and Middle East. The sales turnover in 2008 comprised around 30% percent in Europe and 50% in Asia.

(www.zf.com)

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