Viking acquires German Hygrapha
MARITIME INDUSTRY: Viking Life-Saving Equipment has acquired one of the world's leading independent safety trading companies, the German Hygrapha. The two former competitors joins forces to strengthen capabilities.
"I see this move as the perfect match of two highly complementary players in the maritime industry. Viking with its manufacturing base and unique global safety network, and Hygrapha with its in-depth knowledge of safety products and strong presence in Asia and especially in the German market", says Viking's CEO Henrik Uhd Christensen,
With an annual turnover in excess of 15 million euro and some 35 employees globally, Hygrapha has grown to become one of the largest independent trading suppliers of safety products to the maritime industry.
"Both Hygrapha and VIKING are widely recognized as leaders in safety equipment. But Viking's safety network and global resources are second to none, offering us new opportunities to expand our activities in Hamburg and beyond. I look forward to developing the business together and achieving new levels of growth", says Hygrapha's president, Rüdiger Steinbach.
Steinbach will remain in the driver's seat in the German market, becoming Managing Director for Viking Germany and contributing Hygrapha's formidable expertise to expanding the company's platform for global trade activities.
Source: Viking Life-Saving Equipment / maritimedanmark.dk
