Vard establishes subsidiary in CanadaCompany News // March 18, 2014
Vard Holdings Limited has established a subsidiary for ship design, engineering and sales activities in Canada.
Vard Marine Inc is a ship design and marine engineering company providing solutions for offshore and specialized vessels such as offshore support, subsea construction
and naval vessels as well as ferries and passenger vessels.
Building on Vard's expertise designing, constructing and developing integrated solutions for highly customized vessels, Vard Marine aims to secure a a leading position in the North American market.
CEO and Executive Director Roy Reite commented, “Our establishment in Canada is Vard's first foothold in North America. We are now ready to build new relations and position ourselves as a major player in an interesting region with large opportunities.”
Vard provides a wide range of services including ship design, marine electronics and electrical systems, equipment packages and support for all aspects of the shipbuilding process. The new subsidiary will offer such services as part of their product range.
The company is based in Vancouver, British Columbia, Canada.