Wilhelmsen Maritime In FSN Private Equity Joint Venture
Wilhelmsen Maritime Services (WMS) says it has signed a letter of intent with the Nordic private equity fund FSN Capital to establish a joint venture within engineered solutions, equipment and services to the maritime and offshore markets currently trading under the business area Wilhelmsen Technical Solutions. The new company, to be owned 50% each by Wilhelmsen Maritime Services (WMS) and FSN Capital, comprises the business within HVAC, insulation, electrical and automation including the brands Callenberg, TI Marine Contracting and newly acquired IES Ltd. The new company, to be established on book value, had an annual revenue of USD 203 million in 2013 and will employ some 1 000 people in 15 countries.
John S. James Closes the Information Gap
John S. James Co. Closes the Information Gap with IES Technology. IES, Ltd., a leading provider of logistics and compliance software solutions to the global marketplace, announces the rollout of its Forwarder Suite at international freight forwarder and customs broker John S. James Co. The software was selected to provide the company with one central point of connectivity, streamline operations and realize productivity improvements. “The successful implementation is a milestone for John S. James Co. as it moves into 2012. John S. James Co. has significantly grown in our market niche over our 70 year history,” explains Len James, CFO of the Savannah-based company, “Our growth is based on leveraging the best technology to deliver more customized services.
