Meyer Turku Builds Big
Maritime Reporter & Engineering News recently visited Finnish shipbuilding giant Meyer Turku, whose sights are set on building bigger. It is safe to say that when shipbuilding commenced in the town of Turku, Finland in 1737, the company building wooden boats at the time could not have envisioned the enormous vessels that would eventually be built by the site’s current occupant, Meyer Turku. The Meyer family, operator of the German shipbuilding company Meyer Werft, took over the…
Meyer Acquires Turku Shipyard
The Meyer family, operating the shipbuilding company Meyer Werft in Germany, and the Finnish State acquired Turku shipyard from STX Europe in September 2014. Meyer Werft took up 70 percent of the shares, and the State of Finland purchased 30 percent of the share capital through the Finnish Industry Investment Ltd (FII). As usual for the FII´s investment policy, it exits from its investments. In the case of the Turku shipyard, it was agreed that Meyer had a call option to buy FII’s minority stake in the shipyard. Meyer has now decided to further invest in Turku shipyard using the call option. “At the time of the purchase Meyer was only…
Board Changes at Aker Arctic Technology
After the acquisition of 66.4% of the shares by Finnish Industry Investment Ltd (fully owned by the State of Finland) Aker Arctic Technology Inc.’s extraordinary shareholders’ meeting today appointed the new Board of Directors for the company. Ole Johansson was nominated Chairman and Juha Marjosola Vice-Chairman of the Board. The board members are Ole Johansson, Juha Koskela (ABB Oy), Antti Kummu (Finnish Industry Investment), Valborg Lundegaard (Aker Engineering & Technology A/S) and Juha Marjosola (Finnish Industry Investment). Ole Johansson, BSc (Econ.) served as the President&CEO of Wärtsilä Corporation from 2000 to 2011. He is the Chairman of eQ Oyj and member of the Board of Svenska Handelsbanken AB.
Finland Takes Majority Stake in Aker Arctic Technology Inc.
A Finland government owned investment company, Finnish Industry Investment Ltd, has today purchased a 66.4 per cent majority stake of the shares of Aker Arctic Technology Oy (Aker Arctic) from STX Finland Oy. Aker explain that In recent months the Ministry of Employment and the Economy has been studying actively the possibilities for securing the Company's know-how and further development in Finland. The transfer of the Company´s know-how, such as intellectual property rights, away from Finland, would have meant a serious setback for the entire Finnish Arctic marine industry's future development. Aker Arctic is one of the world's leading companies in Arctic marine logistics and offshore solutions as well Arctic vessels design.
