Scan-Trans and Intermarine merge
SHIPPING: Danish operator Scan-Trans and US heavylift operator Intermarine unite forces to form a platform for premier services in project and heavylift cargo transportation worldwide.
The companies will merge their operations under the Intermarine name, bringing the best of both cultures and businesses into the new company.
“We believe the Company will set the standard for customer service and value in the industry”, says Al Stanley, President and CEO of Intermarine.
“As the industry consolidates, global breadth and laser focus on customer needs will define the winners.”
By consolidating the Scan-Trans and Intermarine fleets, the Company will expand its customer coverage with more than 50 multipurpose and heavylift vessels with lifting capacities of up to 800 metric tons.
“Consolidation is the key to success in our line of business, and Scan-Trans has been looking for the ideal partner for some time” noted Lars Juhl, CEO of Scan-Trans Worldwide.
“We are therefore thrilled to merge with Intermarine, a company we feel is the perfect match in business, culture and values.”
Annual turnover for the Company will be in excess of 500 million USD.
With the merger of Intermarine and Scan-Trans, the Company will focus on four key areas:
• Inter-Americas liner and terminal services;
• Global chartering and liner services;
• Commercial management of third-party vessels; and
• U.S. Flag services worldwide.
The largest shareholder of the merged Company is private equity firm New Mountain Capital with more than 9 billion USD under management. Such financial backing ensures Intermarine the capability to grow both organically or through acquisitions in the future.
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