Wärtsilä Tank Control Systems, historically known as Whessoe, brings Svanehøj unique skills in the production, sale, and service of high-end measurement systems for gas tanks on LNG ships and land-based LNG systems.
Gas is a crucial part of the sustainable energy system of the future, and Svanehøj must be a significant player in the value chain that ensures the supply of gas at a global level.
This is the vision of the Danish gas pump specialist, which is now putting its words into action through the acquisition of Wärtsilä Tank Control Systems (TCS), which employs more than 50 people in the UK, Singapore, and France.
"The acquisition of Wärtsilä TCS is an expression of our desire to make Svanehøj a globally leading specialist in producing and servicing equipment for handling all types of liquefied gas – natural gas, biogas and not least the Power-to-X-based fuel of the future”, says CEO of Svanehøj, Søren Kringelholt Nielsen.
The acquisition of Wärtsilä TCS is Svanehøj’s second in less than a year. In November last year, Svanehøj took over the service specialist FORCE Technology Marine Equipment Service. Following the most recent acquisition, Svanehøj Denmark employs approximately 230 people and has activities in Denmark, the United Kingdom, France, Singapore, China, and Japan.
Closing of the transaction is subject to fulfilment of closing conditions.