Singapore, 24 June 2015 – Vard Holdings Limited (“VARD”), one of the major global designers and shipbuilders of offshore and specialized vessels, is pleased to announce that through its subsidiary Seaonics, it has acquired ICD Software, a leading provider of automation and control system software for the offshore and marine sectors.
Established in 2011 and 51% controlled by VARD, Seaonics delivers winches, cranes and handling equipment to the offshore and maritime sector. The company has developed cranes for critical offshore lifting operations up to 250t, and is one of the market leaders for Launch and Recovery Systems (LARS). Prior to the transaction, Seaonics employed 50 employees in Norway and a subsidiary in Poland.