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Press Release

IHC Fundex Equipment BV acquires Vermeer MTТs service and product range

IHC Fundex Equipment, part of IHC Merwede, has acquired Vermeer MT's full range of products and services. Through this acquisition on 4 March 2011, the company has considerably enhanced its delivery programme in the field of compact hydraulic foundation machines. It is also in a better position to respond to the increasing national and international demand for piling and drilling machines. Furthermore, the acquisition addresses two of IHC Merwede's strategic goals - internationalisation and growth.

Growth
IHC Fundex Equipment develops, manufactures and supplies hydraulic foundation machines, while Vermeer MT's products are mainly used in situations where height or accessibility are limited. By integrating Vermeer MT's full product range and service programme, IHC Fundex Equipment is expecting to realise a future 20 per cent growth in turnover.

Huge step
The knowledge and expertise of IHC Fundex Equipment combined with the expanded product line-up, will enable it to take a huge step forward. Most of the machines can be redesigned, from a standard piling machine to a drilling machine. This equipment is the future, within both national and international markets. In addition to the proactive marketing of the Vermeer range in the Dutch market, new international customers will be sought from within IHC Fundex Equipment's contact base.

Company profile IHC Merwede
IHC Merwede is focussed on the continuous development of design and construction activities for the specialist maritime sector. It is the global market leader for efficient dredging and mining vessels and equipment with vast experience accumulated over decades - and a reliable supplier of custom-built ships and supplies for offshore construction.

IHC Merwede has in-house expertise for engineering and manufacturing innovative vessels and advanced equipment, as well as providing life-cycle support. Its integrated systematic approach has helped to develop optimum product performance and long-term business partnerships. The company's broad customer base includes dredging operators, oil and gas corporations, offshore contractors and government authorities.

IHC Merwede has over 3,000 employees based at various locations in The Netherlands, China, Croatia, France, India, the Middle East, Nigeria, Russia, Serbia, Singapore, Slovakia, South Africa, the United Kingdom and the United States.

Technological innovation will remain the company's underlying strength through its continuous investment in research and development. Moreover, it helps to safeguard a sustainable environment.


2011-03-15

Please see Royal IHC (IHC) company electronic office

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Royal IHC (IHC) is focused on the continuous development of design and construction activities for the specialist maritime sector. It is the global market leader for efficient dredging and mining vessels and equipment - with vast experience accumulated over decades - and a reliable supplier of custom-built ships and supplies for offshore construction.

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