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Evac acquires Cathelco in cleantech and ballast water systems expansion

Finland’s Evac Group is acquiring shipping and offshore equipment manufacturer Cathelco as it bolsters its cleantech business.

Marcus Hand, Editor

June 1, 2018

1 Min Read
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Through the acquisition announced yesterday Cathelco’s pipework anti-fouling, hull corrosion protection, fresh water generation, and ballast water treatment systems will become part of the Evac Complete Cleantech Solution. Evac said the acquisition would expand its Cleantech portfolio and see it move in ballast water treatment systems.

Evac Group ceo and president Tomi Gardemeister commented, “An extended cleantech system offering, together with an enlarged sales and service network, will allow us to offer a more comprehensive range of solutions and services to our customers.”

He particularly highlighted the opportunities in the ballast water treatment systems area which sees with both international and US regulations. “This acquisition provides a tremendous opportunity for Evac and Cathelco to work together to become a leader in the field of ballast water treatment systems,” added Gardemeister. “Demand for these types of solutions is growing rapidly following the introduction of new IMO and US Coast Guard (USCG) regulations relating to ballast water treatment.”

Cathelco said the acquisition by Evac would give it the opportunity to further expand its geo

newsletter.jpeggraphic footprint and expertise in cleantech systems while also opening up new business opportunities.

Justin Salisbury, group managing director of Cathelco Group, said: “Our already broad geographic footprint and expertise in cleantech systems will be augmented considerably by Evac’s broad portfolio, which will enable our customers to meet all their needs from a single reliable partner.”

Cathelco’s revenues for 2016/17 were EUR31m, which would translate into a 30% increase in Evac’s turnover to EUR136m.

No financial details of the deal were released.

Cathelco is exhibiting at Posidonia stand 2.321

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About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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