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Done Deal for Dredger Builder
17 Apr 2008
EB is based in Northumberland UK, and has been referred to the fastest growing company in the north east of England. The deal is expected to bring significant benefits for IHC Merwede, EB and the north east of England. EB will now trade as IHC The Engineering Business.
EB was founded in April 1997 by a four man team of engineers led by managing director, Dr Tony Trapp. Today EB is a team of 150 people (predominantly graduate professional engineers) and has a current order book exceeding £60 million. The specialises in designing, building and supplying engineering solutions for the offshore oil and gas, submarine telecom, defence and offshore renewables industries.
IHC Merwede is world market leader in the construction of specialist dredging equipment and complex custom built offshore vessels. The clients of IHC Merwede include major dredging companies, oil and gas exploration groups, offshore contractors and government authorities.
'This is a great deal on so many fronts, said Govert Hamers, president of IHC Merwede. 'EB delivers high quality bespoke vessel equipment. IHC Merwede produces world class specialist vessels. Bringing the two companies together is a perfect match strategically and culturally and means that we can provide fully integrated vessels with state of the art technology from a single supplier. This dramatically widens the market potential for IHC Merwede.'
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