Acquisitions

We will continue to seek out bolt-on businesses to extend the technology base and market positions of the existing businesses.

Hamworthy’s organic growth has been augmented by a series of successful acquisitions over the years, our latest acquisitions are as follows:

AW Flow Holdings Ltd

Hamworthy acquired AW Flow Holdings Ltd, and its subsidiary undertakings, on 4th October 2011. AW Flow is a UK based specialist valve manufacturer for the oil and gas sector with oer 50 years' experience supplying global markets with specialist valve solutions. Its subsidiary undertakings include the well-known brands of Shipham Valves, Leeds Valve, John Mills Valves and Robert Cort. Shipham Valves was established in 1798 and over the last 40 years has become a global leader in the design and manufacture of valves for handlig sea water in fire fighting and cooing lines in the oil & gas, FPSO and petrochemical industries. John Mills Valves was established in 1828 and acquired by the Flow Group in 2006, it supplied bronze and aliminium bronze gate, glbe, b all and check valves. Leeds Valve was established in 1990 and acquired by the Flow Group in 2007. Leeds Valve are world leaders in the supply of butterfly valve solutions. Robert Cort was established in 1823 and was acquired by the Flow Group in 2011, it supplies pipeline valves and actuators to the oil & gas industry.

The acquired business was merged with the Group's Pumps Systems business to form a new division, Hamworthy Flow Solutions.

Aibel AS, Technology & Products division

Hamworthy acquired the business and assets of the Technology & Products division of Aibel AS, the Norwegian oil services company, on 8th July 2009. Aibel first began as BGM Engineering AS in 1988 as an engineering company working mostly with electrical modification on Statoils platforms. In 1990 Frank Mohn Group purchased part of the company and the name changed to Sandsli Driftstjeneste AS (SD). In 1994 SD obtained worldwide rights to sell equipment according to the patents for flare gas recovery and flare gas ignition and won a contract with Statoil to install a new ignition and recovery systems for the flare gas on Sulfas A&C platforms. In 1995 Haugesund Mekaniske Verksted acquired shares in SD and the two companies jointly secured a major maintenance and modification contract with Hydro. In 1996 the name of the company changed to Umoe Technology Sandsli AS and the business divides into 2 sectors. In 1999 the first hydrocarbon blanketing system was installed on the Åsgard FPSO and the first low pressure ignition system developed by Umoe and installed at Kollsnes Gas Plant. In 2000 ABB acquired the Umoe Group and the name of the company was changed to ABB Gas Technology AS. In 2004 ABB sold the oil and gas business to Vetco Aibel and the company changed its name to Vetco Gas Technology AS. In 2006 Vetco Aibel acquired the remaining shares in Vetco Gas Technology AS and it became Gas Technology, a business unit within Vetco Aibel. In 2007 following the announcement of the sale of Vetco Gray to General Electric, the company formerly known as Vetco Aibel confirms that with immediate effect it is now trading under the name Aibel.

Krystallon

Hamworthy acquired the business and assets of Krystallon, the leading supplier of marine exhaust sulphur emissions reduction technology on 30th September 2009. Krystallon began their designs in 2002 with a project on Mv Pride of Kent. The project was to prove that sea water scrubbing could be adapted for use on an operating marine diesel engine. The first Krystallon system was commissioned in 2005 with a larger system fitted as replacement for the first experimental unit on Pride of Kent in 2006. That system has now operated for over 10,000 hours scrubbing over 98% of all SOx from a 1MW engine with no major operational problems.2006 saw commissioning of the first operational water treatment plant. In 2007 the technology was developed with a further 2 installations in the first half of the year and a design envelope now extended from 0.5 through 10MW engine capacity. 2008 saw commissioning of a further unit, their first in Asia Pacific and type approvals for major sub assemblies. In June 2007 the hard work of Krystallon supported by P&O Ferries was recognized by the marine industry with a prestigious Sea Trade Award for the Protection of the Marine and Atmospheric Environment.

Greenship B.V

Hamworthy acquired Greenship, a privately owned business specialising in ballast water treatment for ships, on 10th March 2009. Greenship was set up in the spring of 2001. In June 2005 Greenship’s ballast water management system was land based tested and witnessed by Lloyds Register EMEA. In November 2005 Greenship announced that Holwerda Shipmanagement BV from Heerenveen, the Netherlands was the first to install Greenship’s full-scale Ballast Water Management System. In July 2007 two Chemgas vessels Solano and Thresher equipped with a Greenship Sediment Removal System were christened at the Holland Amerikakade in Rotterdam. Since 10th January 2006 Greenship’s Ballast Water Management system has been operating on board of the vessel m.v. “Elisabeth” during her normal operations as a coastal container ship. In June 2008 the shipboard tests have been successfully concluded and certified by Lloyd’s Register EMEA. In July 2008 Greenship signed a contract with Schelde Naval Shipbuilding for the delivery and supply of its Ballast Water Management System on board 4 navy patrol vessels for the Royal Dutch Navy. In January 2009 Greenship received a new order for two ballast water management Systems to be installed onboard vessels owned by Chemgas Shipping BV, the Netherlands. In July 2009, during the Marine Environment Protection Committee’s 59th session, the Committee granted Final Approval to Hamworthy Greenship's treatment system SEDINOX ®.

Baltic Design Centre

Hamworthy completed the acquisition of Baltic Design Centre on 3rd November 2008. Baltic Design Centre was established by a group of Naval Architects and Engineers in 2006. The staff of the company consists exclusively of the Naval Architects and Designers with at least 10 years experience at Polish major shipyard's. A significant project for Baltic Design Centre, and indeed the one representing its baptism on start-up, was in December 2006, following an approach from Norwegian yard, Fitjar Mechaniske Verksted involving the construction of a dive support vessel for DOF Offshore. In September 2007, BDC stepped up its technical capabilities, taking out a license to run NAPA software which, combined with the experience of our designers, has enabled them to complete many orders for model and stability calculations. During the year of 2008, the company was involved in a variety of work including the class and detailed design of power plant for a 46,000dwt dynamically-positioned shuttle tanker built at Remontowa Shipyard, and the design of piping installations and ship's systems for an 84m long fisheries protection vessel. The most significant project to emerge from the Polish shipbuilding industry in 2008, was the 7500m3 capacity combined LNG/LPG/LEG carrier, Coral Methane. Baltic Design Centre was responsible for developing class documentation for the engine room for this ship, in conjunction with Bureau Veritas, adapting owner and Class Society requirements while still receiving Class approval. Baltic Design Centre plan to employ additional designers in order to maintain the continuous growth of the company.

Serck Como GmbH

Hamworthy acquired Serck Como GmbH, a market leader in desalination plant for cruise ships and other vessels and condensers/heat exchangers for onshore applications, on 22nd August 2006. The foundation stone for the company was laid in the year 1841 by the copper smith C. August Schmidt, Hamburg. The production program in the founder years covered distillation plants and heat exchangers. In the early stages of the company’s history, efforts were concentrated on the development, design and manufacture of the sea water evaporation plants. The know-how gained in this area over decades was continuously developed and updated and contributes substantially to the success of the company up to now. In 1989, the company was reformed in new premises at Geesthacht and extended in 2000.

Norwegian Kværner Group, equipment division

Hamworthy acquired the Norwegian Kværner Group in December, 1998. The initial workshop Eureka Mek was founded in 1889 in Norway primarily selling pumps. The first centrifugal pump was delivered in 1925. In 1958 the first Pump Room System with Centrifugal Pumps was delivered by Eureka Mek. In 1969 Eureka annexed to the Kværner Group and merged with Thune to form Thune-Eureka, then in 1987 it was renamed Kværner-Eureka. In 1993 the Eureka foundry moved to Singapore and in 1993 the manufacturing of marine pumps also went to Singapore with the Kværner Group remaining in Norway. In 1994 the two separated and in Kværner became Kværner Ships Equipment. On 15th December 1998, the group signed a contract with Gdynia Shipyard for 2-LPG/VLGC systems for Kværner  Ships Equipment, which at the time was the largest ever contract worth 114 million NOK. In December 1998 Hamworthy acquired the equipment division of Kværner and in 1999, when Hamworthy was acquired by the Powell Duffryn Group, Kværner merged with Hamworthy and became Hamworthy KSE.

Svanehøj International AS

Hamworthy acquired Svanehøj in 1993. Svanehøj was established in 1928 by blacksmith Fridtjof Dam. In the late forties the company specialized in the design and manufacture of centrifugal pumps, these pumps became a solid base for future expansion of the company. In 1967 Svanehøj inaugurated a new factory in Svenstrup, and the company established itself as a leading manufacturer of cargo pumps for unloading of tankers. Svanehøj's technologically advanced deepwell cargo pumps for product, chemical, LNG, gas tankers, onshore and offshore applications are known world-wide. The first ones were installed in the mid-sixties, and since then there has been a rapid development. Today a large part of the world fleet is equipped with our pumping systems.