M&A Deal Summary

V.Group Acquires International Tanker Management

On February 3, 2009, V.Group acquired transportation company International Tanker Management from Wilhelmsen Maritime Services AS

Acquisition Highlights
  • This is V.Group’s 1st transaction in the Transportation sector.
  • This is V.Group’s 1st transaction in United Arab Emirates.

M&A Deal Summary

Date 2009-02-03
Target International Tanker Management
Sector Transportation
Buyer(s) V.Group
Sellers(s) Wilhelmsen Maritime Services AS
Deal Type Divestiture

Target

International Tanker Management

Dubai, United Arab Emirates
International Tanker Management is based in Dubai, with own offices in Hamburg, Germany, Singapore, and Houston, USA. ITM has approximately 45 vessels on technical management services.

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Buyer(S) 1

Buyer

V.Group

London, United Kingdom

Category Company
Founded 1984
Sector Marine
DESCRIPTION

V.Group provides mission-critical services to its customers, such as technical ship management, crew management, crew welfare services (e.g. catering, travel, and digital wallets & payment cards), leveraged procurement, technical services, specialist insurance broking, and modern shipping-specific digital solutions. V.Group was founded in 1984 and is headquartered in London, United Kingdom.


DEAL STATS #
Overall 1 of 2
Sector: Transportation M&A 1 of 1
Type: Divestiture M&A Deals 1 of 2
Country: United Arab Emirates M&A 1 of 1
Year: 2009 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-08 Bibby Ship Management

Liverpool, United Kingdom

Bibby Ship Management (Group) Ltd. is a provider of services to all types of vessels and has particular strengths in the management of offshore vessels. It also provides extensive crew management solutions, technical support services, marine travel, marine surveying, training and recruitment services.

Buy -

Seller(S) 1

SELLER

Wilhelmsen Maritime Services AS

Lysaker,, Norway

Category Company
Founded 2005
Sector Marine
DESCRIPTION

Wilhelmsen Maritime Services is a global provider of engineered solutions, products and services to the offshore and maritime industry. Through its portfolio of companies, WMS has the capability to deliver a broad range of quality products and services to shipyards, owners, charterers and management companies worldwide.


DEAL STATS #
Overall 3 of 5
Sector: Transportation M&A 2 of 2
Type: Divestiture M&A Deals 2 of 4
Country: United Arab Emirates M&A 1 of 1
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-14 Callenberg Technology Group AB

Uddevalla, Sweden

Callenberg Group AB is a provider of Insulation, HVAC (heating, ventilation and air conditioning) and electrical energy management solutions for the maritime, offshore & energy markets. Callenberg delivers products, systems and services to ships in service, newbuilds and retrofits and to the offshore segments.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-20 Aall & Co.

Tokyo, Japan

Aall & Co. Inc. is a provider of maritime products and services.

Buy -