Italy – Australia MOU

Australian marine equipment specialist VEEM Limited has executed a memorandum of understanding with the Italian marine equipment distributor SAIM Group which will build the foundations for a Central European VEEM Gyro sales agency.

The SAIM – VEEM collaboration will bring new prospects for the newly renamed VEEM Gyro product range, known up until recently as VEEM’s Halcyon Gyrostabilisers.

Sales territories are yet to be confirmed, however the outcome of the MOU will enable VEEM Gyro to build its presence in the central European market, increasing its international presence in the global marine industry. Potential sales territories currently being discussed include include Italy, Croatia and the Mediterranean coast of France, where SIAM Marine are already located.