Svanehøj has announced the acquisition of Complete Cryogenic Services (CCS), a specialist in service and overhaul of submerged pumps on LNG tankers.
In a statement, Svanehøj said that the acquisition will strengthen its efforts to become the leading service provider of inspections, service, and calibration of cargo equipment in the LNG segment. Søren Kringelholt Nielsen, CEO of Svanehøj, also believes the acquisition is an investment in knowledge and know-how that will help the company to develop new products and services for the energy transition of shipping.
“We have invested significantly in our service business to be close to customers with local service engineers worldwide. Today, Svanehøj can offer integrated solutions with service on safety valves, gauging and instrumentation systems, and submersible cargo, spray, and high-pressure pumps – all carried out by one service provider to make the entire service scope easier and more financially viable”, said Director of Service and Aftersales at Svanehøj, Morten Christian Larsen.
With the acquisition of CCS, Svanehøj will also be able to re-engineer critical spare parts for all pump types. Morten Christian Larsen points out that it is essential to Svanehøj's strategy of supplying high-quality spare parts for other brands’ equipment.
CCS becomes an independent part of Svanehøj Service Solutions and will be named ‘Svanehøj CCS - Complete Cryogenic Services’. The company's nine employees will continue to work in their current roles with Henry Smith IV as Director.
“For us, the change of ownership is an opportunity to ensure a future succession and scale our business globally. We have come to know Svanehøj as a company with solid values and a clear vision to help overcome the barriers in the energy transition of shipping. We are very much looking forward to being a part of that,” said Henry Smith IV.
Following the acquisition of CCS, Svanehøj employs 320 people and has activities in Denmark, the UK, France, Singapore, China, Japan, and the US.