Goltens acquires Nyland Maritime

Oslo, Norway November 22 2005: Goltens is pleased to announce that the company has concluded an asset purchase agreement with NLI Nyland AS to take ownership of their marine division “Nyland Maritime”, a leading provider of spare parts for two-stroke diesel engines
 

Under the terms of the agreement, Goltens will acquire a large stock of spare parts and employees, who will continue to work at the company’s offices in Arendal, in Southern Norway. While the NLI Nyland production facilities are not part of the acquisition, NLI Nyland will continue provide services under a separate production agreement with Goltens.  

For more than 80 years, Nyland, once of Norway's leading manufacturer of low-speed diesel engines, has provided high quality spare parts for the most popular range of low speed marine diesels, providing approximately  27,000 cylinder liners for various shipping companies over the years. The company, which used to be owned by Aker Kvaerner, was sold to NLI Nyland in 2004, before being acquired by Goltens. Nyland Maritime generated more than USD six million in revenue in 2004. 

According to Preben Liltved, Goltens regional vice president (Europe) the acquisition of Nyland Maritime will help Goltens meet their increased need for engine spare parts. “As a global provider of ship service and repair, reliable access to quality spare parts is a vital part of our business,” he says. “Nyland Maritime will help us manage this issue more effectively.” 

Liltved notes that Nyland Maritime offers a broad range of engine parts, which includes cylinder liners, cylinder covers, piston crowns and piston skirts for low-speed marine diesels. “Soon, we will have available a complete list of engine spare parts which our network of global services centres will promote in the marine market.” he says. 

According to Nyland Maritime’s general manager, Tom Erik Johnsen, the two companies have a long history together. “The relationship between Goltens and Nyland Maritime has been built up over the last 25 years,” he says. “And we welcome the opportunity now to work more closely with them under the Goltens umbrella of companies.”  Johnsen says that the deal will improve the distribution of Nyland Maritime’s spare parts, while Goltens will be able to provide their customers instant access to quality parts in Singapore, Rotterdam and, Dubai, as well as other Goltens worldwide locations. 

Liltved notes that Nyland Maritime has complete control over the production process from start to finish, ensuring quality of all parts. The company’s facilities are also equipped to design parts according to individual specifications, quality and design, and all parts meet with relevant class specifications. Nyland Maritime also demands the same level of care from their suppliers, who are required to supply raw materials to meet or exceed the company’s high standards.

“We are confident that adding Nyland Maritime to the Goltens worldwide organisation will not only help us serve our customers more efficiently, but help us gain market share by having access to our own source of quality parts,” says Liltved.