Big bargain: Crowley, Svitzer combine salvage procedures

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APRIL 21, 2015–Starting May 1 there will certainly be a brand-new name in maritime salvage as well as emergency situation reaction–Ardent The brand-new business will certainly be 50/50 possessed by Crowley Maritime Corporation, Jacksonville, FL, as well as Svitzer, Ijmuiden, the Netherlands, after both firms struck an offer to combine their salvage procedures.

Ardent’s exec administration group will certainly be led by Chief Executive Officer Peter Pietka; with Jeff Andreini, CFO; Renier van den Bichelaer, Chief Commercial Officer; Paul van’t Hof, COO; as well as Chris Peterson, Merger Manager.

Pietka, the previous Chief Executive Officer of Svitzer Salvage, states Ardent “will become an industry leader in wreck removal and emergency response. Further, while remaining integral to our new company, emergency response and wreck removal will be part of a wider ecosystem of services. We have come together to build a more modern and effective offering for the maritime sector.”

Svitzer Salvage, is component of the Svitzer Group, a leading towage as well as aquatic salvage business that is, subsequently, component of theMaersk Group Svitzer Salvage is headquartered in Ijmuiden, the Netherlands, yet has vital reaction facilities situated all over the world consisting of in the UNITED STATE, Singapore, South Africa, Australia, as well as Brazil.

Meanwhile, Titan Salvage is a completely possessed subsidiary ofCrowley Maritime It is headquartered in Houston, TX, as well as is most likely best understood for its service the raising of the Costa Concordia, among one of the most practically difficult as well as most pricey salvage tasks in background.Since 1980, Titan has actually executed greater than 450 salvage as well as emergency situation reaction tasks as well as has workplaces in the U.K., Singapore, as well as Australia.

Chris Peterson, Vice President of Titan Salvage, includes, “This merger brings together some of the most experienced, highly regarded salvage experts in the world. Our combined strength means we can provide a stronger network in key global locations.”

To be headquartered in Houston, Ardent will certainly additionally have functional workplaces in the Netherlands, the U.K. as well asSingapore Ardent will certainly additionally have sustaining workplaces in Australia, Brazil, South Korea, Greece, South Africa, as well as various other areas.

“Ardent will serve as a strong platform for organic growth and new expansion opportunities in complementary businesses such as underwater services and offshore decommissioning,” statesPietka “Structured for growth and diversification, we will create new opportunities for the company and its employees.”

In current years, Svitzer has actually concentrated on being the loss reduction companion for the aquatic sector with its readiness division as well as emergency situation reaction solutions. “The creation of the new company with Titan is the next step to becoming the safe choice for the industry,” states Pietka.

Ardent will certainly start running May 1 as one lawful as well as economic entity under a single administration group, after which there will certainly be a quick transitional duration in which both salvage firms incorporate every one of their functional systems including IT, HSEQ, economic, industrial as well as procedures. During this transitional duration all consumers must originally remain to speak to Titan or Svitzer Salvage using existing contact number as well as e-mail addresses.

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