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14.01.2015

Another marine acquisition for Palfinger

Palfinger Marine has acquired Norwegian Deck Machinery (NDM) which supplies special winches as well as lifting and handling equipment for offshore vessels, offshore service vessels, and oil and gas rigs.

Over the past 25 years NDM has built up a prominent market position with the development of an expertise in automatic compensation of wave movements, allowing for a safer and more efficient handling of loads. Based in Os, Norway, it was established in 1989, with operations encompassing product development, project management and sales. Production is outsourced to external suppliers. Its sales operations focus on major markets such as the USA, Brazil, Europe, the Middle East and China.

Palfinger chief executive Herbert Ortner said: “This acquisition will not only expand our product range in the marine business, but also give us access to those customer groups which Palfinger has so far not addressed. NDM is being managed by a highly entrepreneurial team and, as a member of our group, will grow at a faster pace than before.”

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