Fairbanks Morse Defense (FMD has acquired Bergen, Norway-based davits and advanced handling systems specialist Vestdavit. FMD, a portfolio company of Arcline Investment Management, says that the acquisition strengthens its position as a
Vestdavit customers include the Norwegian Coast Guard [Photo: FMD]
Fairbanks Morse Defense (FMD has acquired Bergen, Norway-based davits and advanced handling systems specialist Vestdavit.
FMD, a portfolio company of Arcline Investment Management, says that the acquisition strengthens its position as a global provider of mission-critical maritime equipment and enhances its ability to deliver fully integrated product and service capabilities to naval and commercial operators worldwide.
Fairbanks Morse Defense purchased all equity of Vestdavit from its four owners for an undisclosed amount.
“Fairbanks Morse Defense and Vestdavit share a longstanding commitment to providing mission-critical equipment for navies that are protecting the freedom of the seas,” said Steve Pykett, CEO of Fairbanks Morse Defense. “Vestdavit’s advanced handling technologies complement our existing portfolio while broadening our OEM and service capabilities. In turn, Vestdavit will benefit from our worldwide support infrastructure, ensuring customers receive the highest standard of service wherever they operate.”
Vestdavit has more than four decades of expertise and has delivered over 2,200 davit systems to naval
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