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    Canada: Davie Yards acquired by ZM Industries

    Yard News // November 23, 2012

    Davie Shipyard, the largest shipbuilding facility in Canada and one of the largest in North America, has been acquired by ZM Industries, a UK-based provider of oilfield service vessel solutions.

    The seller of the shipyard, Upper Lakes Group Inc, decided to sell the shipyard following the termination of its joint ]venture with SNC Lavalin, who were bidding for two federal contracts.

    Davie will continue to bid for future government contracts, such as the upcoming tenders for 26 newbuildings for the Canadian Coast Guard and Fisheries and Oceans Canada.

    Davie shipyard is strategically located in Quebec on the St Lawrence river and has a long track ]record of building specialised vessels and rigs for the offshore oil and gas, defence and passenger vessel markets. It is also a hub for repair activity for ships transiting the Great Lakes.

    ZM Industries brings to the shipbuilding facility a global network in the oilfield services market and a strong track record in managing vessel and construction projects. It also brings a number of industry-]leading partners including major marine equipment suppliers, engineering companies and technical services providers who will support activity at Davie.

    The yard is currently building offshore vessels for Cecon in Norway.

     

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