The Netherlands: Ulstein Establishes New Company Ulstein IDEA Equipment Solutions

ULSTEIN has established a new company, Ulstein IDEA Equipment Solutions. This company will take over the activities of former IDEA Heavy Equipment b.v, a Dutch company that ULSTEIN has cooperated with in recent years.

Ulstein IDEA Equipment Solutions will be engaged in the development and manufacturing of innovative mission and interface equipment on board vessels, mainly working in demanding markets such as offshore and dredging. ULSTEIN holds a majority interest in the new company and COO Tore Ulstein in Design & Solutions says that this establishment is part a part of ULSTEIN’s long term strategy:

“Following ULSTEIN’s participation in Ulstein Sea of Solutions since 2008 further tapping into the Dutch maritime clusters is seen as a logical step. We want to create more value through sustainable business on the basis of tomorrow’s solutions encompassing solid innovation and market knowledge“, says Ulstein.

The operational team headed by Arjan Boezeman and Gilbert Rezette will now start working on the further growth of the company together with managing director Bob Rietveldt who is leading the Heavy Offshore segment within ULSTEIN.

In this process one of the important factors will be the value creation in the international offshore markets like Brazil, Gulf of Mexico, West Africa, Far East besides the Northern Area’s including the Arctic, where ULSTEIN is already present.

Close operation with the Global Sales Network of ULSTEIN will ensure that the new companies skills, knowledge and equipment can be sold to the far corners of the world.

ULSTEIN has some 800 employees in nine countries and is headquartered in Ulsteinvik, Norway, ULSTEIN delivers products and services within ship design and equipment packages to the international market within offshore supply, heavy offshore and shortsea shipping. ULSTEIN operates within four business areas; Design & Solutions, Shipbuilding, Power & Control and Shipping. In 2006 ULSTEIN delivered the first vessel with the innovative and green X-BOW ® hull line design, Bourbon Orca. After the delivery of this flagship, a total of 43 X-BOW® designs have been sold to 11 different shipowners for construction at yards in China, Dubai, Brazil and Spain, as well as at ULSTEIN’s own yard in Ulsteinvik. Ulstein Group ASA has the following subsidiaries: Ulstein Verft AS, Ulstein Power & Control AS, Ulstein Design & Solutions AS, Ulstein IDEA Equipment Solutions, Ulstein International AS, Ulstein Belga Marine, Ulstein Marine Systems, Ulstein Middle East, Ulstein Sea of Solutions, Ulstein Es-Cad, Ulstein Poland and Ulstein Shipping AS. ULSTEIN’s history goes as far back as 1917, when Martin Ulstein established the company. Today, ULSTEIN is managed by Martin Ulstein’s grandchildren; Gunvor Ulstein, CEO, and Tore Ulstein, Deputy CEO. Chairman of the Board in Ulstein Group ASA is their father, Idar Ulstein.

[mappress]

Source: Ulstein , August 10, 2011;