Evac to acquire Cathelco

Cathelco factory Cathelco factory

MAY 31, 2018 — Espoo, Finland, headquartered Evac, a leading provider of integrated waste, wastewater, and water management systems for the marine, offshore, and building industries, is to acquire Chesterfield, U.K., headquartered Cathelco, a leading global manufacturer of equipment for ships and offshore installations. Cathelco customers include Evac’s current marine and offshore customer groups, including shipowners, shipyards, fleet managers, rig owners and operators, oil companies, navies, and designers.

With the acquisition, Cathelco’s pipework anti-fouling, hull corrosion protection, fresh water generation, and ballast water treatment systems will become part of the Evac Complete Cleantech Solution. This includes standard and customized vacuum collection, wastewater treatment, and dry and wet waste management systems, as well as fresh water generation systems for environments ranging from the world’s largest cruise vessels and naval and cargo vessels to small work boats.

The acquisition gives Evac the opportunity to further expand its cleantech solution portfolio to its customers with the addition of new systems, while also opening up new business opportunities in terms of ballast water treatment systems.

Cathelco’s sales turnover in the 2016/2017 financial year was EUR 31 million. This translates to a direct increase of about 30% in Evac Group’s turnover, from EUR 105 million to over EUR 136 million.

Evac Group CEO and President Tomi Gardemeister sees clear advantages in the acquisition. “An extended cleantech system offering, together with an enlarged sales and service network, will allow us to offer a more comprehensive range of solutions and services to our customers.”

Justin Salisbury, Group Managing Director of Cathelco Group, says: “Our already broad geographic footprint and expertise in cleantech systems will be augmented considerably by Evac’s broad portfolio, which will enable our customers to meet all their needs from a single reliable partner.”

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