Sinwa Group introduced it has reached an settlement to amass Francois Marine & Offshore from Northern Marine Group.
Francois Marine & Offshore has Asian ship provide operations and infrastructure in Singapore, Hong Kong, Shanghai and Busan. The acquisition doesn’t embody the subsidiary Francois Marine B.V in Rotterdam, nor Francoise Offshore Catering.
Thomas Zimmerhaeckel, Sinwa chairman and managing associate at Asean Strategic Companions, stated, “The addition of Francois Marine & Offshore, a major regional marine provide supplier with nice pedigree and huge sector expertise, additional evidences our ambition to construct upon Sinwa Group’s place because the regional market chief in our discipline.”
Soeren Jorgensen, Sinwa CEO, added, “According to our long-term technique, we imagine this acquisition assists within the consolidation of a fragmented sector and can greatest serve and increase service choices for our joint world consumer base. We very a lot sit up for working with our new colleagues at Francois Marine & Offshore and maximizing the enterprise’s potential.”
Philip Fullerton, managing director, Northern Marine Group, stated, “By this merger with Sinwa Group, a significant participant within the Asian marine provide and logistics sector, Francois Marine & Offshore may have the chance to construct upon three a long time of first-class service provision and progress. Francois Marine & Offshore has been identified for its high quality provision and repair over time. It’s the staff of Francois Marine & Offshore which have most contributed to the corporate’s success by constantly demonstrating consummate professionalism and nice consideration to buyer care. This aligns very properly with the Sinwa working mannequin.”
Francois Marine & Offshore will proceed to function below the model Francois Marine & Offshore.
