Company: Hansen Protection, Survitec
Business Type: Marine Safety Solutions / Search and Rescue
UK & International Business Sales and M&A News
Survitec, the UK-based marine safety and survival specialist, has acquired Hansen Protection, a European provider of personal protected equipment.
Survitec is a global leader in safety and survival technology for the marine, defence & government, energy, and aerospace markets. Its leisure marine brands include Crewsaver, Eurovinil and SurvitecViscom.
The transaction reinforces Survitec as a global leader for survival technology across the maritime, defence and government, energy, and aerospace markets.
Ron Krisanda, Executive Chairman at Survitec, commented:
“The addition of Hansen Protection, and its leading portfolio in personal protective equipment, protective rainwear, and technical textile solutions, fits perfectly within Survitec.
“Our acquisition strategy is intended to broaden and deepen our offering and enhance our ability to service customers and this transaction does just that.
“The global reach and the combined company’s products and services will offer greater value to our customers by providing one single supplier for survival technology across a number of categories, including immersion suits, lifejackets, liferafts, marine evacuation systems, fire systems and servicing.”
Ron Krisanda – Executive Chairman at Survitec
Headquartered in Moss, Norway, with additional locations in Denmark, Germany, the Netherlands, Sweden and the UK, Hansen Protection designs, manufactures, distributes and services personal protective equipment, protective rainwear and boat canopies, and textile solutions.
Terje Gorm Hansen, CEO for Hansen Protection, describes the acquisition as the next logical step for the growth of the combined business.
He commented:
“Coming together means that we can offer our customers greater capabilities and capacity, access to a larger portfolio of survival technology and wider geographic reach.”
Terje Gorm Hansen – CEO for Hansen Protection
Survitec has over 3,000 employees worldwide covering eight manufacturing facilities, producing safety and survival equipment, 15 offshore support centres and over 70 owned service centres. Survitec recently announced the finalisation of a £270 million refinancing agreement. as part of its strategic growth plans, showing strong support and confidence from the company’s shareholders and lenders.
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