Moreld is pleased to announce the sale of Vryhof to Delmar Systems.
23. May 2021: Moreld`s CEO, Geir Austigard, comments “This is an excellent industrial combination which is also in line with Moreld`s strategy for divest asset intensive companies in order to focus on energy transition growth. We look forward to partnering with Delmar Systems over the coming years.”
“We are excited to welcome Vryhof to the Delmar Systems family. Vryhof’s team has built a world-class organization and we look forward to continuing that tradition,” says Nick Patterson, Delmar Systems’ CEO. “With over a century of combined company experience, Delmar Systems and Vryhof will offer unrivalled personnel, equipment, engineering, mooring solutions and comprehensive project management to the global offshore energy industry.”
“We are pleased to have reached this agreement with Delmar Systems. This transaction is in line with our strategy to divest capital-intensive businesses to allow us to focus our energy on transition and growth plans,” commented Jan Erik Rugland, Moreld’s COO, the former owner of Vryhof.
“Delmar Systems is a great home for our companies. The combination of the individual strengths and complementary offerings of the companies will be a key benefit to our mutual and new customers,” explained Wolfgang Wandl, Vryhof’s CEO. “Our dedicated professionals look forward to continuing the tradition of providing the very best service and quality that has led to our global success. Together we will pursue the same objectives and ambitions to foster a collective sense of pride in a successful Delmar Systems and Vryhof.”
About Delmar Systems
Established in 1968, Delmar Systems is the world leader in offshore mooring, engineering, and subsea services, providing the most efficient solutions for the global energy industry. World-renowned for unmatched reliability and safety, the services provided by Delmar Systems include anchor design and manufacturing, engineering design, mooring analysis, complete project management, planning and procedures, operational installation, mooring equipment rentals, and releasable mooring systems.
