Ardent CEO Peter Pietka: “We look forward to the exciting years ahead”
JUNE 3, 2016 — Houston headquartered Ardent, the corporate created by the merger of Crowley Maritime’s Titan Salvage and the Maersk Group’s Svitzer Salvage, has simply celebrated its first birthday.
“One year ago, we set off with our business plans, and today we are pleased that the merger has progressed in line with these plans” mentioned Ardent CEO Peter Pietka, “although the market has been weaker than expected,” he added.
Prior to the merger, Svitzer Salvage specialised in emergency preparedness and response, whereas Titan specialised in giant initiatives. Ardent complemented the strengths of Svitzer Salvage and Titan to develop one of the strong service choices within the worldwide salvage business.
Now, Ardent has turn out to be a number one companies firm with an intensive community, providing modern options to the transport and offshore industries.
“The integration of the two companies has gone well, and the merger targets have been achieved,” mentioned Mr. Pietka.
In its first 12 months, Ardent received and executed greater than 50 contracts with a robust security efficiency, and no loss-time incidents in its first 12 months.
“The current markets in the shipping and offshore sectors have affected our margins,” mentioned Mr. Pietka.
“Looking from a different perspective,” he continued, “the current oil and gas market provides us with a large opportunity to focus on offshore decommissioning. With the amount of knowledge and diversity between our partners and staff, and with a successful integration behind us, we look forward to the exciting years ahead.”
