Aftermarket Services News

U.S.-based marine defense provider Fairbanks Morse Defense (FMD) has acquired Welin Lambie, a U.K.-based manufacturer of davits used specifically for the launch and recovery of all types of craft from ships or shore-based installations.The acquisition further expands FMD’s capabilities and service solutions for shipyard, defense and commercial marine customers, including the U.S. Navy, the U.S. Coast Guard, and the Canadian Coast Guard. Additionally, FMD’s acquisition of Welin Lambie enhances its product and service offerings for future uncrewed ship programs…

Engine manufacturer Fairbanks Morse has opened a 8,000-square-foot Mayport Service Center in Jacksonville Beach, Fla., as part of the company’s aim to expedite aftermarket services to military and commercial maritime customers across the U.S.The facility represents a $350,000 investment and places Fairbanks Morse in closer proximity to core customers such as Mayport Naval Station, Naval Submarine Base Kings Bay, and other U.S. Navy and U.S. Coast Guard installations, the company…

Fairbanks Morse, a portfolio company of Arcline Investment Management, has acquired Ward Leonard Operating, LLC, a provider of motor and control solutions for military applications. This acquisition will expand the scope of power and propulsion equipment and aftermarket services that Fairbanks Morse provides to its core customers, including the U.S. Navy, U.S. Coast Guard and the Canadian Coast Guard."The acquisition of Ward Leonard expands the Fairbanks Morse product portfolio into complementary technologies, positioning us to serve as a power systems integrator to the U.S. Navy and U.S.

Power solutions provider Fairbanks Morse said it has finalized an asset purchase agreement with Globe Turbocharger Specialties, Inc., a  manufacturer of turbochargers and parts, expanding Fairbanks Morse’s service offering to include turbocharger services and increasing the company’s critical parts inventory.“As a company we are putting significant emphasis on providing exceptional service and aftermarket support to our customers,” said George Whittier, CEO of Fairbanks Morse. “Bringing Globe’s extensive inventory and turbocharger service into our business positions us to provide more aftermarket services for our customers and to respond quickly with the parts our customers need…

Flowserve Corporation (FLS), a provider of flow control products and services for the global infrastructure markets, has entered into a five-year contract with Shell Australia to provide general maintenance services for Shell’s Prelude Floating Liquified Natural Gas (FLNG) facility, which is producing natural gas from an offshore field in Western Australia.A press release from the American multinational corporation said that it will support Prelude from its recently refurbished Quick Response Center (QRC) in Darwin, the capital of Australia’s Northern Territory.Flowserve QRCs are dedicated maintenance, repair and manufacturing workshop facilities that provide customers with responsive, local support.

Kongsberg Gruppen ASA (KONGSBERG) today entered into agreement with Rolls-Royce plc to acquire Rolls-Royce Commercial Marine, a world leading technology business within maritime operations. The transaction is structured as an acquisition by KONGSBERG of the marine products, systems and aftermarket services businesses carried out by subsidiaries of Rolls-Royce plc. The transaction does not include Bergen Engines nor Rolls-Royce's Naval Business. The parties have agreed a value for Rolls-Royce Commercial Marine of GBP 500 million (on a cash and debt free basis and with working capital at an agreed level). The final purchase price, will be determined based on Rolls-Royce Commercial Marine's cash, debt and working capital at time of completion of the transaction.

Siem Offshore and Subsea 7 have signed a joint three-year service agreement with Rolls-Royce. The agreement covers a total of 74 offshore vessels. This is the first agreement the two Siem owned companies have signed with the same service provider. Under the agreement, Rolls-Royce will maintain and service all of the equipment it has delivered to the two companies’ offshore vessels. At present, aftermarket services account for roughly 40 percent of Rolls-Royce Marine’s revenues. Long-term agreements account for around a quarter of this.

The world of dredging is defined by the vast diversity of each assignment that contractors perform on any given day. Fortunately, DSC’s standard lineup of dredge equipment can be modified and customized to meet just about any job that needs doing. It wasn’t too long ago that retired U.S. Coast Guard Admiral Jim Loy told me, “If you’ve seen one port, well, you’ve seen one port.” That now-famous declaration was made in reference to port security in a post-9/11 world, but the quip is as valid now as it was when he said it during his tenure as Commandant of the U.S. Coast Guard. Similarly, it can also be said that if you’ve seen one dredging operation, well, then you’ve seen one dredging operation.

J.F. Lehman & Company (JFLCO) informs it has signed a definitive agreement with Oldenburg Group Incorporated to acquire its Heavy Equipment Group, including both its defense and mining business units. The new company will be named Lake Shore Systems, Inc., in a return to its roots dating back to 1858. The acquisition will represent JFLCO’s 25th sponsored platform investment since the firm’s inception. Lake Shore designs, engineers, manufactures and supports complex, heavy equipment systems to meet mission critical requirements in harsh operating environments, including large deck handling equipment, access and lifting systems for U.S. government vessels and customized underground mining equipment for mine owners and operators around the world.

Keppel Offshore & Marine (Keppel O&M), through its wholly owned subsidiary, Keppel Offshore & Marine USA, Inc., has completed the acquisition of Cameron International Corporation's offshore product division, which comprises the LETOURNEAU jackup rig designs, rig kit business, as well as its aftersales and aftermarket services. The acquisition will not only broaden Keppel O&M's suite of jackup rig designs but also expand its business in the provision of aftersales and aftermarket services, the company said. The acquired company will operate as Keppel LeTourneau with offices in the United States, United Arab Emirates and Singapore. Chow Yew Yuen…

Singapore's Keppel Offshore & Marine (KOM), via subsidiary, Keppel Offshore & Marine USA  has inked a deal with Cameron International Corporation, a US-based oil and gas solutions provider, to acquire its offshore rigs business for US$100mln. This segment is made up of Cameron's proprietary LeTourneau jack up rigs designs, its rig kit business, and aftermarket services. The LeTourneau jack up rigs designs have been popular with certain market segments and will help Keppel expand its suite of jackup rig offerings, Keppel said in a statement. Under the agreement, a new subsidiary known as "NewCo" will be 100%-owned KOM USA, which houses the offshore rig business.

Foster Wheeler AG announced today that a subsidiary of its Global Power Group’s Environmental and Industrial division has been awarded a contract by Longview Power, LLC to rehabilitate and optimize the wet flue gas desulfurization system at their existing 700 MWe (net megawatt electric) Longview Power facility in Maidsville, West Virginia, USA. Foster Wheeler has received a full notice to proceed on this contract. The terms of the agreement were not disclosed, and the contract value will be included in the company’s third-quarter 2014 bookings. Foster Wheeler will provide new components as well as engineering and installation services to optimize the performance of the existing dewatering and forced oxidation systems with the fuel currently being used by Longview.

Foster Wheeler AG announced today that a subsidiary of its Global Engineering and Construction Group has signed an engineering, procurement and construction management (EPCm) services agreement with BOC, a member of the Linde Group, for the installation of replacement heat exchangers at BOC’s Teesport facility, Teesside, in northeast England. The Foster Wheeler contract value was not disclosed and was included in the company’s first-quarter 2014 bookings. Under this agreement, Foster Wheeler will provide project management, front-end engineering design, detailed engineering design, procurement services, construction supervision and quality assurance for the replacement of existing aluminium plate fin exchangers in the 1,300 tons per day air separation plant.

Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its Global Power Group has been awarded a contract by Turun Seudun Energiantuotanto Oy (TSE) for the design, supply and erection of a retrofit-selective catalytic reduction (SCR) system for TSE’s Naantali unit 3 in Finland. Foster Wheeler has received a full notice to proceed on this contract. The terms of the agreement were not disclosed, and the contract value will be included in the company’s bookings for the second-quarter of 2014. Commercial operation of the SCR system is scheduled for October 2015. Foster Wheeler will design, supply, erect and commission the selective catalytic NOx reduction system for the Naantali 125 MWe pulverized coal fired boiler (unit 3).

Foster Wheeler AG (Nasdaq:FWLT) announced today that a subsidiary of its Global Engineering and Construction Group has been awarded a contract by Marubeni Corporation for the engineering and material supply of a new Terrace Wall steam reformer heater, including an air preheating system, for the KazMunayGaz oil refinery located at Atyrau, Republic of Kazakhstan. The value of Foster Wheeler’s contract was not disclosed and was included in the company’s first-quarter 2014 bookings. The steam reformer will be part of a hydrogen production unit with a capacity of 24,000 normal cubic meters per hour to be built at the refinery. The hydrogen plant is based on Foster Wheeler’s hydrogen technology. Foster Wheeler’s scope of work is scheduled to be completed in April 2015.

Expro Connectors & Measurements’ new renewable division has been awarded an important order by Alstom. Expro Connectors & Measurements (C&M) partners with Alstom to develop a cable connection and management system to be deployed on one of Alstom’s ocean energy projects, thus contributing to Alstom’s development of clean technology solutions to harness the energy potential of the world’s oceans. Expro will be supplying its SpecTRON, DigiTRON and FoeTRON wet mateable products alongside a cable connection system and termination head as well as cable protection and aftermarket services for site cable termination. This system will provide the subsea connection between the power export cable and the energy converter device.

AB Volvo Penta and Yamaha Motor Co., Ltd have decided to set up joint working groups to evaluate the potential for deeper collaboration between the companies. On December 6, Volvo Penta and Yamaha Motor announced that they had signed an agreement involving technological collaboration relating to the development of electronic control systems for boats. This collaboration is designed to produce technological synergies in the increasingly important field of electronics. The collaboration became operational at the end of the year, but the parties have already decided to take things further and conduct joint studies of the way cooperation between the companies could be further extended. “Volvo Penta is a world leader when it comes to marine power systems.

Cameron (NYSE: CAM) has received an order for the supply of subsea production systems for a deepwater and offshore gas processing and pipeline project in the South China Sea. The project will include subsea equipment, as well as an agreement to provide additional services across the life of the field. Deliveries are scheduled to begin in late 2011 and continue through 2012. Cameron President and Chief Executive Officer Jack B. Moore said, "At water depths of nearly 5,000 feet, this represents the deepest prospect to date in the Asia-Pacific region. We are pleased to have the opportunity to provide Cameron's equipment and technology in support of this important development.

Ratos has agreed on the sale of Hägglunds Drives to the German company Bosch Rexroth. ” Focused efforts in recent years to accelerate growth through investment in the sales and marketing organisation, new markets and segments, and expanded aftermarket services as well as extensive product development have laid the foundation for Hägglunds Drives’s positive development”, says Ratos CEO Arne Karlsson. ”Together with Bosch Rexroth we will be able to further develop our focus on offering complete hydraulic drive systems in several of our existing segments. We will also be able to offer our deliveries of complete hydraulic drive systems to new interesting segments as renewable energy production.

Aker Kvaerner has signed a five-year partnership agreement with Shell U.K. Limited and A/S Norske Shell ('Shell') covering the provision, installation, commissioning and life-of-field support of subsea control systems in the North Sea. The framework agreement is signed for an initial five year period, with five optional one-year extensions. It could be worth between GBP 20 and 30 million over the first five years. The contract encapsulates the two companies' solid working relationship, which has been running since the late 1970s. The deal brings Aker Kvaerner Subsea's controls delivery and service, including aftermarket services, into one contract arrangement to ensure maximum efficiency in supporting Shell's projects.

Rolls-Royce has acquired marine electrical systems company VT Controls Ltd for £11 million, continuing its growth strategy in the marine market. VT Controls Ltd, acquired from the VT Group, will be incorporated into the Rolls-Royce Marine Electrical Systems business set up earlier this year. The acquisition is an important addition to the new business's capability, as it ramps up to support marine projects involving major electrical systems. Based in Portsmouth, VT Controls Ltd has provided power or automation systems on all front line UK naval platforms in the last decade and is involved in current naval programmes both in the UK and abroad. The company has an impressive pedigree that stretches as far back as the early 1970s when it supplied controls for Brazil's Mk 10 frigates.

FGH Engineered Products Group, the equipment segment of Friede Goldman Halter, Inc., announced that its AmClyde unit has signed new contracts totaling over $10 million with several customers in the international offshore oil and gas sector. AmClyde crane to a new vessel. AmClyde also has a contract from Horizon Offshore Contractors to upgrade the lifting capacity on their existing AmClyde Model 52 marine crane by more than 50 percent. AmClyde is the preeminent designer/builder of the world's largest marine cranes. support services for their new 3,800-ton AmClyde marine crane. services contract. contract from AIOC (Azerbaijan International Operating Company) to provide a template leveling system. a further boost to the backlog of our Engineered Products Group. this group.

Peter Hjelle, Paul Inge Steinnes and Robert Eksund coordinate service and aftermarket projects at Ulstein Elektro. Ulstein Elektro is formalizing its aftermarket focus through the establishment of a separate service and aftermarket division. “In order to take care of this rapidly growing market, we now offer a separate business area called Ulstein Worldwide Services. When we deliver a system or product, we also commit ourselves to service and maintenance in order to guarantee safe and lasting product use. We provide service and adjustments to all types of maritime services as part of this offer,” says Robert Eksund, service group leader at Ulstein Elektro. The Worldwide Services division has a staff of 35.