Barge Master attracts investment

Parcom Capital has agreed to become a majority shareholder and investor in Barge Master Holding B.V.

Barge Master is active in the field of motion compensation technology for the maritime and offshore industry, compensating movements of vessels from waves and thereby significantly increasing the number of workable hours/days of offshore vessels.

Managing Director/Founder Martijn Koppert will continue in his role of CEO of Barge Master. Koppert, said of the announcement: “We are very pleased to welcome Parcom Capital as new shareholder, further enabling us to accelerate and serve our clients with an increasing fleet of motion compensation systems. We see an increasing demand in the rental and sale of motion compensated platforms and cranes. Broadening our group of shareholders with Parcom Capital enables us to leap forward in our ambitious growth strategy.” 

Piet-Hein de Jager, Partner at Parcom Capital, said: “We are very pleased to invest in such an innovative and ambitious niche player in the global offshore industry. With the current management team and Frans van Seumeren as co-shareholders we believe that this company is well positioned to further benefit from the growing demand for motion compensation technology. We look forward to working together with management in further developing and expanding the company.”

Frans van Seumeren, who invested in Barge Master in 2010, will roll over part of his current stake and continue to be involved with the company. He added: “I have great confidence in the future of Barge Master; therefore I remain shareholder and will continue investing in the company. The current growth of RollDock and Roll-Lift, my main investments, made me decide not to remain the sole investor in Barge Master. With Parcom we have a strong partner [that is] known in the industry.”

Adapted from press release by Callum O'Reilly

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/08122014/barge-master-attracts-investment-1923/