Damen Acquires Keppel Verolme Shipyard
Damen Shipyards Group said it has entered into an agreement with Keppel Offshore & Marine to acquire the Keppel Verolme shipyard in the Rotterdam Botlek area, in a move that further increases its activities within the regional ship repair and conversion market.
Damen said it intends to continue activities in the Botlek area of the Port of Rotterdam with the yard's current employees.
The Verolme yard has been active in the Botlek area since 1957 with three graving docks, a quay capacity of over 1,800 meters and approximately 250 employees. With the largest dock measuring 90 x 405 meters, Damen will gain capacity to cater for the largest maritime objects. Currently, Damen’s biggest dock in the Netherlands is located at Damen Shiprepair Rotterdam and measures 46 x 307 meters.
With the Verolme yard, Damen will have four large cooperating repair yards within close proximity of the Port of Rotterdam, including two yards in Rotterdam, along with Damen’s yards in Vlissingen and Amsterdam.
A notification of the proposed transaction has been filed with the Dutch Authority for Consumers & Markets on April 10, 2017. The targeted timeline to close the transaction is by the end of the second quarter 2017.
