07-02-2022

The acquisition of Wärtsilä Tank Control Systems (TCS), which was announced in September 2021, has just been approved by the French authorities.

 

As a result, Svanehøj is establishing a new independent business for production, sales and service of land-based LNG tank gauging systems and hydraulic LPG safety valve systems.

 

The new company is named Svanehøj France and will have almost 40 employees located in the city of Calais in Northern France, where TCS currently has a production facility. Morten Christian Larsen is appointed Director of Svanehøj France. He is already Director of Service and Aftersales at Svanehøj and will manage the two businesses in parallel.

 

“We are acquiring a company that has historically been at the forefront of systems that enhance the safety of liquified gas storage. Svanehøj is already a leading specialist in marine fuel and cargo pumps for liquefied gas, and we see obvious synergies in relation to both new sales, service and aftersales, which we will use to good advantage”, says Morten Christian Larsen.

 

TCS has been owned by Wärtsilä since 2006, but has its roots in Whessoe, a specialist in equipment and systems for cryogenic and low-temperature storage. With the prospect of significantly increased demand for liquefied gas, Svanehøj plans to invest in the product line at the Calais factory, which is particularly well known in the industry for its unique turnkey tank gauging solutions. Furthermore, Svanehøj sees great potential in using the acquisition as an opportunity to offer pumping solutions for LNG terminals on land.