Denmark’s Svanehoj expands with US acquisition

Denmark’s Svanehoj continues to expand its service solution business and has purchased California-based Complete Cryogenic Services, a specialist in service and overhaul of submerged pumps on LNG tankers.

The marine pump and gas tank equipment specialist announced this move in a statement on Monday, but it did not provide the price tag of the deal.

This is Svanehoj’s third acquisition in just over two years, including the Wartsila deal.

Svanehoj says this new deal will help the firm to gain market share in the LNG carrier service and aftersales market, following record orders for LNG carriers last year.

US-based Complete Cryogenic Services (CCS) has more than 30 years of experience in the service and overhaul of submerged cargo, spray, and high-pressure pumps for cargo containment systems on LNG tankers, according to Svanehoj.

Following the acquisition, CCS becomes an independent part of Svanehoj Service Solutions and will be named Svanehoj CCS – Complete Cryogenic Services.

Also, the company’s nine employees will continue to work in their current roles with Henry Smith IV as director.

Svanehoj now employs 320 people and has activities in Denmark, the UK, France, Singapore, China, Japan, and the US.

- Advertisements -

Most Popular

Golar buys vessel for third FLNG project

Golar LNG has exercised its option to acquire the 148,000-cbm Moss-type carrier, Fuji LNG, which it aims to convert...

LNG carrier Golar Gandria sold for demolition

Floating LNG player Golar LNG has sold its 1977-built LNG carrier, Golar Gandria, for demolition, according to brokers. The 125,000-cbm...

Delta plans to start building Bac Lieu LNG-to-power project in 2024

Delta Offshore Energy (DOE) plans to start building its Bac Lieu LNG-to-power project in 2024 following the recent approval...

More News Like This

Svanehoj bags Chinese LNG tank gig

Denmark’s Svanehoj said its unit would supply equipment for COOEC’s six LNG storage tanks at the Longkou Nanshan LNG...

Denmark’s Svanehoj launches new fuel pump for LNG-powered vessels

Denmark’s Svanehoj said it has developed a new electric submerged pump design for LNG-powered ships. With the launch of the...

Denmark’s Svanehoj bags order for 15 LNG-powered containerships

Denmark’s Svanehoj said it has won an order to supply fuel pumps for 15 LNG-powered containerships under construction in...

Svanehoj launches French LNG solutions firm after Wartsila deal

Danish gas pump specialist Svanehoj has launched a new French LNG and LPG solutions company after it received approval...