Palfinger Marine acquires NDM
By Laura Hatton21 January 2015
Palfinger Marine has acquired winch and equipment specialist Norwegian Deck Machinery AS (NDM).
Palfinger said it closed the takeover of 100 % of the shares in the Norwegian company. NDM develops winches and lifting and handling equipment for offshore vessels, offshore service vessels, and oil and gas rigs.
Herbert Ortner, Palfinger CEO, said, “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.”