Private Equity firm Parcom Capital has taken a majority stake in Barge Master, a specialist in motion compensation technology for the marine/offshore industries.
Barge Master founder Martijn Koppert remains as managing director, while major backer Frans van Seumeren will retain his shares and continue to invest in the business.
Barge Master is currently completing a T-40 motion compensated crane for mounting on Wagenborg’s new vessel the Kroonborg, which will carry out maintenance work on platforms in the North Sea.
Koppert said: “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.”