Company overview

Hamworthy is a market-leading global company providing specialist equipment and service to marine and offshore and onshore oil and gas markets. We provide a wide range of innovative solutions for our customers across a number of long-term growth markets.

Our leading position in key sectors, track record of success and financial strength provide the solid foundations from which we will further develop and grow the business.

Our main market today is the new building of specialist ship types, predominantly oil and gas carriers and cruise ships. We are putting increased focus on growing our position in related markets with different cycles with particular emphasis on oil and gas production. We are also increasing our aftersales services across our whole range of existing and new businesses.

Hamworthy employs over 1'100 people. It is headquartered in Poole, Dorset and has design, development and production facilities in the UK, Norway, Denmark, Singapore and a modern assembly plant in China. In addition there are sales and service offices in Korea, China, USA, The Netherlands, Spain, India and the Middle East.

History

The Hamworthy business was founded in 1911.  It was acquired by Powell Duffryn plc in 1962. Subsequently, a series of acquisitions were completed, most notably Svanehøj International A/S in 1993 and the ships’ equipment companies of the Norwegian Kværner Group in 1998.

In 2000, Nikko Principal Investments Limited advised and financed the purchase of Powell Duffryn plc and since then, Hamworthy has sold certain lower growth and margin activities and has developed new products and technologies for the fluid handling systems market. In addition, the Group opened an assembly facility at Suzhou, China in November 1998 which was replaced with a larger and more modern facility in 2001.

In July 2004 Hamworthy announced the commencement of dealings of its Ordinary Shares on the Alternative Investment Market (AIM) of the London Stock Exchange.

In August 2006 Hamworthy acquired Serck Como GmbH, a market leader in desalination plants for cruise ships.