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ROYAL DOEKSEN AGREES ACQUISITION OF VUYK ENGINEERING FROM IHC

ROYAL DOEKSEN AGREES ACQUISITION OF VUYK ENGINEERING FROM IHC

Friday, March 5, 2021 

IHC's former design subsidiary Vuyk Engineering has now become part of Rotterdam based Royal Doeksen, in a deal which was part of IHC's strategy to concentrate on the group's core business.

Vuyk Engineering was founded in 1979, and has evolved into a design and engineering office with expertise in various parts of the maritime industry, primarily in vessel design, equipment design and marine operations.

Marc Oele, Vuyk MD, said: “The aim of the Vuyk management in the divestment process has been to find the best possible partner for the future. With Royal Doeksen as our main shareholder and member of the board, we are confident that we can secure a strong independent position in the maritime market and continue to offer our customers effective tailor-made designs and solutions.”

Royal Doeksen, established in 1908, is a family-owned shipping company. Originally involved in shell dredging and salvage along the Dutch coast, Doeksen further expanded its operations with ferry services between Harlingen and the Frisian Islands and recently became owner of superyacht builder Royal Huisman. Doeksen also operates commuter and leisure fast ferry transport services in the Rotterdam region.

CEO Jan Willem Doeksen said: “We are very proud and excited to welcome Vuyk in our portfolio of operating companies as they perfectly fit in our maritime matrix of bespoke and high quality assets with a strong legacy. We look forward working together with the existing management to continue the current business activities and explore growth opportunities. With this acquisition we can truly say that Royal Doeksen can provide expertise and services starting from designing to building and operating.’’

Gerben Eggink, CEO Royal IHC, said: “For Royal IHC it was important to find the right match for both the people and the business opportunities of Vuyk. We are very happy that we have found the right partner in Royal Doeksen to take over our shares in Vuyk.”

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