Wilhelmsen Ships Service (Wilhelmsen) is pleased to announce that they have entered into an agreement with Seven Seas, to acquire 100% of their shares in their subsidiary company - Stromme.
When first established in 1971, Stromme became the first specialised cargo hold cleaning company in the marine industry. The company is a renowned global player with extensive specialised experience within their field, providing customers with high quality solutions and innovations for cargo hold cleaning, withstanding the roughest conditions at sea.
Wilhelmsen to acquire Stromme
Wilhelmsen will acquire the company - Stromme in Norway from the parent company - Seven Seas
Wilhelmsen will acquire the company - Stromme in Norway from the parent company - Seven Seas, including operations in Germany and Singapore, as Stromme will transfer all of its people, business and assets into Wilhelmsen Ships Service. Stromme will retain its brand and operate as a fully owned subsidiary of Ships Service.
Combining Stromme’s strong knowledge, experience, and ways of working with Wilhelmsen’s global maritime network enables the combined companies to provide customers with an even better cargo hold cleaning offering, going forward. Completion of the transaction is subject to predetermined conditions and is expected to happen in the third quarter of 2022.
Investing and expanding cargo hold cleaning business
Wilhelmsen Ships Service will continue to invest and build on both - its current and future cargo hold cleaning business, in order to offer both - existing and future customers - even better solutions for their cargo holds.
Kjell André Engen, the President of Wilhelmsen Ships Service (Wilhelmsen), said “Stromme was the first specialised cargo hold cleaning company and their leading position in the marketplace is a solid proof of what this team has built.”
Strengthen and broaden customer offering
Kjell André Engen adds, “We want to strengthen and broaden our offering to customers, making Stromme a really good match within cargo hold cleaning, so we are really looking forward to completing this transaction.”
Seven Seas thank all Stromme employees and wishes them and all stakeholders the very best going forward"
Søren Nørgård, the Chief Executive Officer (CEO) and Chairman of Seven Seas, said “At Seven Seas, we decided to divest Stromme, as it was not core business and we chose Wilhelmsen Ships Service, as the best possible owner for the business to continue its positive path. Seven Seas thank all Stromme employees and wishes them and all stakeholders the very best going forward.”
Focus on cargo hold cleaning
Ane Fosseng, the General Manager of Stromme, said “Stromme has been focusing on cargo hold cleaning only - we have a good concept and have decided to stick to it. Coming from a small and agile organisation, we have had the opportunity to take fast decisions and to rapidly change to key customers’ requirements and put focus where needed. It has resulted in steady and nice growth in revenue and results, over the previous years.”
Ane Fosseng adds, “I see benefits of being a part of WSS with expertise, knowledge, and experience within our segment. The opportunity of utilising the strengths of both organisations will benefit our customers and partners. We will continue to have a strong customer focus and high service level, as it’s a people industry after all.”