New CEO of Humphree Appointed
Volvo Penta has announced that Hannes Norrgren has been appointed the new CEO of Humphree.In 2016, Volvo Penta became a majority shareholder of Swedish marine technology provider Humphree, which specializes in trim and stabilization systems for boat control.This collaboration has allowed Volvo Penta to extend its range of boat dynamics solutions with new trim and stabilization functions, allowed Humphree to access a greater client base, and benefited marine leisure and commercial…
Volvo Penta Acquires Majority Stake in Humphree
Volvo Penta has signed an agreement to become the major shareholder of marine technology provider Humphree. The transaction is subject to conditions and expected to close within four weeks. Having a majority share in Humphree will further accelerate the next step in Volvo Penta’s journey to become a full marine system supplier, the company said, adding it will also gain the ability to extend its range of boat dynamics solutions with new trim and stabilization functions; and Humphree…
