Palfinger Marine acquires Norwegian Deck Machinery
Palfinger Marine has concluded the 100% acquisition of Norwegian Deck Machinery (NDM), adding winches to its portfolio of deck and handling equipment.
The company will be integrated as a sixth business unit covering winches, with existing Palfinger business units comprising marine cranes, offshore cranes, launch and recovery systems as well as boats and wind cranes.
Palfinger commented: “NDM is well known for high-quality equipment and tailor-made solutions and has gained a knowledgeable reputation among naval architects, ship owners and shipyards through their 25 years of operation.
“By integrating NDM’s product range into the existing portfolio, Palfinger Marine takes a big step forward in becoming the leading package supplier for deck equipment.”
The company said the acquisition would also offer synergies in sales, service, production and knowledge, enabling expansion into more markets and further product development.