Vard strengthens equipment portfolioCompany News // June 25, 2015
Vard has announced that through its subsidiary Seaonics, it has acquired ICD Software, a leading provider of automation and control system software for the offshore and marine sectors.
Established in 2011 and 51 per cent controlled by Vard, Seaonics delivers winches, cranes and handling equipment to the offshore and maritime sector. The company has developed cranes for critical offshore lifting operations up to 250 tonnes and launch and recovery systems.
Prior to the transaction, Seaonics employed 50 employees in Norway and a subsidiary in Poland.
ICD Software is specialized in the development of automation software and control systems, and employs 63, half of which in Norway and the remainder in two subsidiaries in Poland and Estonia.
Through the acquisition of ICD Software and its subsidiaries, Seaonics is able to expand its business in deck handling equipment and automation technology.
Vard said the newly enlarged Seaonics will also be able to develop and deliver equipment for drilling vessels, including automation systems for cranes, winches, and other deck handling equipment, including the innovative drilling tower solutions from Castor Drilling Solution, which it part owns.