Indofin Group Acquires 62 Pct Controlling Stake in IHC Merwede

July 9, 2013

Indofin Group announced that, as per June 28th, it has acquired a controlling stake of 62% in IHC Merwede.

“Our co-shareholders Rabo Capital and STAK Management & Personeel will continue as shareholders with approximately 10% and 28%, respectively,” the company said in a release.

Cees de Bruin, Chairman of Indofin, comments: “We are delighted to have completed this transaction. We would like to thank our co-shareholders for the fruitful cooperation in the years since we jointly acquired the Company in 2005 and are very pleased to have their continued support in the years to come.”

Indofin believes that IHC Merwede’s unique market position as well as its leadership, as the world largest builder of dredgers and dredging equipment and in various niches of the offshore equipment industry, such as pipe layers and pipe laying equipment for deepwater, point towards a bright future for the Company.

“We intend to be a long term controlling shareholder and thus provide the stability the Company needs in order to achieve its full potential in some of the sectors of the world economy showing worldwide solid growth”, the company added.

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Press Release, July 9, 2013