ATHENS: Seaonics, part of Singapore-based shipyard group Vard, has acquired ICD Software, which provides automation and control system software to the offshore and marine sectors. The purchase price for the business was not disclosed.
Vard says the deal will enable Seaonics to expand its business in deck handling equipment and automation technology for cranes and winches, particularly for drilling vessels.ICD Software employs 63 people, around half of whom are based in Norway, with the rest in Poland and Estonia.
“This acquisition is a catalyst for growth and development of Seaonics, and an important step for Vard in strengthening our equipment and solutions portfolio,” said Stig Bjørkedal, Vard’s executive vice-president for equipment and solutions and chairman of Norway-headquartered Seaonics, which is 51% owned by Vard.
