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PALFINGER MARINE takes over Norwegian Deck Machinery AS
- Manufacturer of special winches for the marine and offshore industry
- Strategic addition to the marine product portfolio, with deck equipment for the shipping industry and the oil and gas industry
Salzburg, 14 January 2015
Today PALFINGER MARINE closed the takeover of 100 per cent of the shares in Norwegian Deck Machinery AS (NDM). In the past 25 years, NDM has achieved a prominent market position with the development of special winches as well as lifting and handling equipment for offshore vessels, offshore service vessels, and oil and gas rigs. The distinctive feature of the systems developed by NDM is the automatic compensation of wave movements, allowing for a safer and more efficient handling of loads.
NDM, a company with a lean corporate structure headquartered in Os, Norway, was established in 1989, and its operations encompass product development, project management and sales; production has been outsourced to external production service providers. NDM’s sales operations focus on major markets such as the USA, Brazil, Europe, the Middle East and China.
“This acquisition will not only expand our product range in the marine business, but also give us access to those customer groups which PALFINGER has so far not addressed. NDM is being managed by a highly entrepreneurial team and, as a member of our Group, will grow at a faster pace than before,” commented PALFINGER’s CEO Herbert Ortner on the latest acquisition made in the marine segment.
The Interim Report for The First Three Quarters of 2014 is available for download at
www.palfinger.ag/en/newsroom/financial-reports.
ABOUT PALFINGER AG
PALFINGER is an international technology and mechanical engineering company and the world’s leading producer and provider of innovative crane and lifting solutions. With around 12,350 employees (not including contract workers), 30 manufacturing sites and a worldwide, comprehensive sales and service network, PALFINGER meets the challenges of its customers and creates added value. PALFINGER consistently continues on its path as a provider of innovative, smart complete solutions that deliver increased efficiency and better usability, while leveraging the potential of digitalization along the entire production and value chain.
PALFINGER AG has been listed on the Vienna stock exchange since 1999, and in 2024 achieved revenue of EUR 2.36 billion.
For further information please contact:
Hannes Roither | Group Spokesperson | PALFINGER AG
T +43 662 2281-81100 | h.roither@palfinger.com
Texts and accompanying images are available in the “News” section of www.palfinger.ag, www.palfinger.com.