GERMAN crane company Palfinger Marine has taken over marine and offshore industry winch manufacturer Norwegian Deck Machinery (NDM), the company has announced.
Based in Os, Norway, NDM has achieved a prominent market position with the development of special winches as well as lifting and handling equipment for offshore vessels, offshore service vessels, and oil and gas rigs.
The distinctive feature of the systems developed by NDM is the automatic compensation of wave movements, allowing for a safer and more efficient handling of loads.
With sales bases in major markets such as the USA, Brazil, Europe, the Middle East and China, Palfinger chief executive Herbert Ortner said the acquisition was a strategic addition to the company’s marine product portfolio.
“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,” he said.
“NDM is being managed by a highly entrepreneurial team and, as a member of our group, will grow at a faster pace than before.”