M&A Deal Summary

Wilh. Wilhelmsen Holding ASA Acquires Drew Marine Technical Solutions

On April 26, 2017, Wilh. Wilhelmsen Holding ASA acquired marine company Drew Marine Technical Solutions from Drew Marine for 400M USD

Acquisition Highlights
  • This is Wilh. Wilhelmsen Holding ASA’s 1st transaction in the Marine sector.
  • This is Wilh. Wilhelmsen Holding ASA’s largest (disclosed) transaction.
  • This is Wilh. Wilhelmsen Holding ASA’s 2nd transaction in the United States.
  • This is Wilh. Wilhelmsen Holding ASA’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2017-04-26
Target Drew Marine Technical Solutions
Sector Marine
Buyer(s) Wilh. Wilhelmsen Holding ASA
Sellers(s) Drew Marine
Deal Type Divestiture
Deal Value 400M USD

Target

Drew Marine Technical Solutions

Whippany, New Jersey, United States
Drew Marine Technical Solutions is a provider of technical solutions to the maritime industry.

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Buyer(S) 1

Buyer

Wilh. Wilhelmsen Holding ASA

Lysaker,, Norway
Category Company
Founded 1861
Sector Transportation
Employees17,561
DESCRIPTION

Wilh. Wilhelmsen Holding ASA are a global maritime industry group focusing on shipping and integrated logistics services for cars and rolling cargo.

DEAL STATS #
Overall 4 of 7
Sector (Marine) 1 of 2
Type (Divestiture) 2 of 3
State (New Jersey) 1 of 1
Country (United States) 2 of 2
Year (2017) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-18 Norsea Group AS

Tananger, Norway

NSG is a supplier of base services and integrated logistics systems to the Norwegian oil and gas industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-12 Barber Ship Management

Hamburg, Germany

Barber Ship Management is a ship management company located in Hamburg, Germany. The Company's focus is on oil, product, chemical, and gas tankers.

Buy -

Seller(S) 1

SELLER

Drew Marine

Whippany, New Jersey, United States
Category Company
Sector Chemicals
DESCRIPTION

Drew Marine is a global manufacturer and provider of advanced performance chemicals and safety solutions to virtually every sector of the international maritime and offshore markets. Drew Marine has 100 distribution locations in more than 50 countries. Drew Marine is based in Whippany, New Jersey.

DEAL STATS #
Overall 1 of 1
Sector (Marine) 1 of 1
Type (Divestiture) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-31 Alexander/Ryan Marine & Safety

Houston, Texas, United States

Alexander/Ryan Marine and Safety is a manufacturer and distributor of fire, safety and rescue equipment to the Offshore and Marine markets.

Buy -
Mergr

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