The Netherlands-based Damen Marine Components (DMC) and Van der Velden Marine Systems (VDVMS) have decided to merge into one company.
As of January 1, the two companies are operating together as Damen Marine Components Netherlands (DMC NL), the duo said in a statement.
DMC has been operating since the early 1980s as part of the Damen Shipyards Group. On the other hand, VDVMS has been an independent part of the Damen Shipyards Group’s components division since 2013.
As explained, the decision was made to bring the two companies closer together in order to enhance performance.
“This alignment means clients will have access to an increased portfolio of propulsion products in one place. At the same time, it combines the extensive market knowledge of two well-established partners, paving the way to more efficient products and services going forwards,” Steef E.F. Staal, managing director of DMC, said.
Van der Velden Marine Systems’ brand will continue to be used as trademark for DMC NL’s rudder and steering gear products, according to the statement.