Ulstein sets up new offshore company

The company says that 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 Tore Ulstein, COO of Ulstein Design & Solutions, says that this establishment is a part of Ulstein’s long term strategy:

The new company is seen as a logical step, having its roots in Ulstein Sea of Solutions, set up in 2008, to tap into the Dutch maritime clusters. A memorandum of understanding was signed earlier this year by Ulstein and IDEA Heavy Equipment (see news item). “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 start working on the further growth of the company together with managing director Bob Rietveldt who is leading the Heavy Offshore segment within Ulstein. One important step will be value creation in international offshore markets such as Brazil, Gulf of Mexico, West Africa, and the Far East, besides the Northern areas including the Arctic, where Ulstein is already present.