December 8 - Parcom Capital has become the majority shareholder and investor in Barge Master Holding bv, the company that is active in the field of motion compensation technology for the maritime and offshore industry.
Industry stalwart, Frans van Seumeren, who invested in Barge Master in 2010, has divested part of his current stake, but will continue to be involved with the company.
The company's founder and current managing director, Martijn Koppert, will continue to be ceo of Barge Master, which recently ordered its second T-700 platform and secured a fabrication slot for delivery of the hydraulics for the third platform.
Barge Master's R&D team are working on the roll out of a motion compensated helicopter deck and a motion compensated piling frame. Additional motion compensation technology applications may follow, building on Barge Masters' expertise and knowledge in motion compensated cranes and platforms, says the company.
Koppert said: "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 added: "With the current management team and Frans van Seumeren as co-shareholder we believe that this company is well positioned to further benefit from the growing demand for motion compensation technology. "
Frans van Seumeren commented: "The current growth of RollDock and Roll-Lift, my main investments, made me decide not to remain the sole investor in Barge Master, but I remain a shareholder and will continue investing in the company."