Hytech
About This Project
Compass Finance assists Hytech in realising sale to IHC Merwede
The team of Compass Finance has assisted the shareholders of Hytech in realising the sale to IHC Merwede.
Since Hytech was founded in 1989 in Raamsdonksveer, it has been operating successfully and steadily worldwide in a niche market subject to strong fluctuations. In addition to offshore, Hytech supplies other industries, such as chemical, medical and defense. Due to its high-quality products, innovative capability and flexibility, it has secured a leading position in this international market.
IHC Merwede is focussed on the development of design and construction activities for the specialist maritime sector. It is the global market leader for efficient dredging and mining vessels and equipment and a reliable supplier of custom-built ships and supplies for offshore construction. IHC Merwede has over 3,000 employees based at various locations in The Netherlands, China, Croatia, France, India, the Middle East, Nigeria, Serbia, Singapore, Slovakia, South Africa, the United Kingdom and the United States.
This acquisition enables IHC Merwede to further secure its position in the offshore market. IHC Merwede designs and constructs dive support vessels suitable for activities to a depth of 300 metres. Hytech designs the on-board equipment required by these vessels. By combining knowledge and equipment, IHC Merwede is now able to develop complete saturation diving systems in house. The purchase of Hytech fits in with IHC Merwede’s strategy of growth through acquisition, which aims to offer turnkey solutions to customers of all its maritime divisions.
Hytech will be named IHC Hytech B.V. under the flag of IHC Merwede, but the company will operate independently and maintain its existing activities. Both companies will focus together on the expansion of the full service principle, which means the design, commissioning and support of diving systems.
Hytech