Parcom Invests in Barge Master

Parcom Capital and the management team of Barge Master announced today that agreement has been reached on the participation of Parcom Capital as majority shareholder and investor in Barge Master Holding B.V.

Barge Master is active in the field of motion compensation technology for the maritime and offshore industry, compensating movements of vessels from waves and thereby significantly increasing the number of workable hours/days of offshore vessels. Managing Director/founder Martijn Koppert will continue to be CEO of Barge Master. Frans van Seumeren who invested in Barge Master in 2010 will roll over part of his current stake and continue to be involved with the company.

Apart from the new platforms and cranes Barge Master’s R&D team are working on the roll out of a motion compensated helicopter deck and a motion compensated piling frame. Additional motion compensation technology applications may follow, building on Barge Masters’ expertise and knowledge in motion compensated cranes and platforms.

Martijn Koppert, CEO of Barge Master comments: “We are very pleased to welcome Parcom Capital as new shareholder, further enabling us to accelerate and serve our clients with an increasing fleet of motion compensation systems. We see an increasing demand in the rental and sale of motion compensated platforms and cranes. Broadening our group of shareholders with Parcom Capital enables us to leap forward in our ambitious growth strategy. ”