VOLVO PENTA ACQUIRES MAJORITY STAKE IN HUMPHREE
Apr 11, 2016
Volvo Penta is pleased to announce that it has signed an agreement to become the major shareholder of the innovative marine technology provider, Humphree.
Having a majority share in Humphree will further accelerate the next step in Volvo Penta’s journey to become a full marine system supplier. Volvo Penta will gain the ability to extend its range of boat dynamics solutions with new trim and stabilization functions; and Humphree will be able to access a greater client base via Volvo Penta’s international network of dealer and service centres.
Photo: Per Landegren, CEO of Humphree, left, and Björn Ingemanson, president of Volvo Penta.
The companies will also collaborate to pursue cutting-edge solutions for a wide range of marine vessels, such as active ride control. This strategic collaboration will benefit marine leisure and commercial customers for both companies.
Swedish-based Humphree is a leading manufacturer of technology-based systems for low speed, medium speed, and high performance vessels .
It supplies interceptors, optimizing trim systems which reduce pitch and roll, steering alternatives to waterjet bucket deflection, sub-cavitating and base-ventilated stabilizing fins, and hydrodynamic services.
Humphree is recognized for its innovative marine technology. Pictured here are products from Humphree’s industry-leading fin, interceptor, and trim systems.
In recent years, Volvo Penta has used Humphree as a supplier for its Interceptor System (IS). An upgrade to the IS will be launched this year.
“We are delighted to announce that we have acquired majority ownership in Humphree,” says Björn Ingemanson, president of Volvo Penta.
“Both companies are leaders within their respective segments in the marine industry, which has resulted from having a passion for developing and manufacturing high quality, innovative systems. This, of course, benefits the end user.
“This deal marks a new chapter in offering the best marine application solutions for customers, and we look forward to a new and exciting working relationship.”
