M&A Deal Summary

Fairbanks Morse Defense Acquires Vestdavit

On September 10, 2025, Fairbanks Morse Defense acquired marine company Vestdavit

Acquisition Highlights
  • This is Fairbanks Morse Defense’s 1st transaction in the Marine sector.
  • This is Fairbanks Morse Defense’s 1st transaction in Norway.

M&A Deal Summary

Date 2025-09-10
Target Vestdavit
Sector Marine
Buyer(s) Fairbanks Morse Defense
Deal Type Add-on Acquisition

Target

Vestdavit

Laksevåg, Norway
Vestdavit is a Norwegian supplier of advanced boat-handling systems, with a track record of more than 2,200 davit deliveries mainly to navies and coastguards worldwide, as well as the offshore energy sector, over the past 40 years. It has also developed innovative solutions, such as Mission Bay, using new technology to shape the future of boat handling. Vestdavit is based in Laksevåg, Norway.

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Buyer(S) 1

Buyer

Fairbanks Morse Defense

Beloit, Wisconsin, United States

Category Company
Founded 1871
Sector Machinery
DESCRIPTION

Fairbanks Morse Defense develops and manufactures heavy-duty, medium-speed reciprocating engines under the Fairbanks Morse and ALCO brand names, which are used primarily in marine and power generation applications. Fairbanks Morse Defense was founded in 1871 and is based in Beloit, Wisconsin.


DEAL STATS #
Overall 13 of 14
Sector: Marine M&A 1 of 1
Type: Add-on Acquisition M&A Deals 12 of 12
Country: Norway M&A 1 of 1
Year: 2025 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
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Rolls-Royce Naval Propulsors & Handling Business provides power solutions for customers from designing and developing through aftermarket support and product servicing. It provides propulsion equipment - including Controllable-Pitch Propellers, Fixed-Pitch Propellers, and Waterjets for a wide range of U.S. Navy platforms, including Frigates, Destroyers, Combatants, Submarines, Aircraft Carriers, Amphibious ships, Fleet Support and Auxiliary Ships, as well as U.S. Coast Guard Cutters.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-11-24 Truflo Marine

Birmingham, United Kingdom

Truflo Marine maniufactures high-integrity valves, actuators, and pressure reducing stations for submarines and surface vessels. These solutions cut maintenance needs, boost durability, and keep critical naval operations mission-ready.

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