Vard acquires STX MarineYard News // July 7, 2014
Vard Holdings Limited has acquired STX Canada Marine, the well-known engineering and design company, for approximately NKr 65 million.
Headquartered in Vancouver, Canada, with branch offices in Ottawa and Houston and a workforce of over 75 employees, the company will be integrated into Vard Marine Inc and operate under the Vard Marine name.
The management of the company, led by President Dave McMillan, will continue to work for the company, allowing the new organization to combine the best practices of Norwegian and North American marine engineering and design.
Following the acquisition Vard Marine will provide a broad range of naval architecture and marine engineering services worldwide, including all aspects of ship design and production technology, total equipment and service packages, support for offshore, commercial and naval shipbuilding activities, economic and technical feasibility studies, research and analytical investigations, and model tests and full scale trials.