Dutch ship repair and vessel services specialist ROG has decided to become independent after acquiring a controlling stake from shipbuilder Royal IHC.
ROG said via social media channels on Wednesday that it bought a 75 per cent stake previously held by Royal IHC.
The company, which provides services to the maritime and offshore industry through its ROG Ship Repair and Rotterdam Offshore units, said the buyback gives the company a “ clearer and more unified strategic focus that will benefit its customer base ”.
ROG managing director Martin van Leest said: “ Our business has continued to develop over the past four years, and we are grateful for IHC’s support during that time. This exciting new chapter will give ROG control over its future direction and ensure that the company is working towards aligned objectives ”.
It is worth noting that ROG has retained a shareholding in its business since IHC bought its share in 2017 and has maintained separate facilities and systems. The new ownership structure is expected to have no day-to-day impact on customers.
The company’s two divisions focus on general ship repair and offshore wind mobilization and demobilization projects.
According to data on the ROG website, it has an open sea accessible location in the main port of Rotterdam, with lay-by facilities for vessels up to 320 metres in length, 80 metres in breadth, and 9.5 metres draft.
Also, ROG offers heavy lift crane capacity and a yard area of more than 21,000 square metres with a fully equipped workshop.