11 May 2016 – Almere, the Netherlands
Mitsubishi Turbocharger and Engine Europe B.V. (MTEE) announces that its acquisition and merger of the Norwegian Gas & Diesel Power AS (G&DP) has been finalized. The control of the company will be transferred to MTEE with effect from 11th of May 2016. G&DP its new name will be Mitsubishi Turbocharger and Engine Europe B.V., Norwegian Branch Office, Marine and Power Solutions.
In November, MTEE announced that an agreement for acquisition of G&DP had been reached. The concept of integration between MTEE and G&DP is to accelerate the development of gas engines, utilizing their knowledge and experience with gas marinization and expand sales of standard gas engines in EMEA region.
Gas is becoming of increasing importance in the maritime industry especially in reaction to the availability as a marine fuel and minimizing environmental pollution. MTEE has a strong position in the market with specialized in-house and overseas engineering capacity and an extensive sales network in the EMEA region. This can be further strengthened by combining forces with G&DP. As pioneers in the usage of gas for maritime application since 1999 and 15 ships operating with gas generating sets under the supervision of G&DP till date, they are a strong player in the maritime industry with gas. The acquisition is based on MTEE’s strategy to capitalize on the changing focus for fuel in the maritime industry and become the market leader for 4-stroke gas fueled engines in EMEA region and expanding toward worldwide.
“We need to rethink the traditional propulsion systems to meet the increasingly complex requirements” said MTEE General Manager Rob Schellekens. “This merger is a response to this demand from the market. We believe that natural gas is the future for the maritime industry and we will continue to contribute to the development.” says Schellekens. “This acquisition will position MTEE as one of the leaders on the market and will be positive for our customers and employees.”
Arnljot Kristiansen, Managing Director of G&DP, said, “We are happy with this merger, it is a great opportunity to further develop the Mitsubishi gas engine and generator sets and create even more added value for the market. It is also a proof of the value our talented team has created over the past years. I am confident that we have found an excellent partner in MTEE, backed by a worldwide recognized and appreciated mother company, Mitsubishi Heavy Industries. We share our commitment to providing innovative products that serve the market in becoming cleaner and smarter.”
About Gas & Diesel Power AS
G&DP designs and manufactures gas and diesel generator sets for marine and land based power generation, as well as engines for marine propulsion. Since 1985 they have delivered power everywhere – aboard ships, offshore, for industrial purpose, backup power and emergency power.
About Mitsubishi Turbocharger and Engine Europe B.V.
MTEE provides diesel and gas engine solutions and generator sets for marine, industrial, construction, agricultural and integrated power plant applications. MTEE operates in the regions Europe, Russia, Middle East and Africa. The company is a fully-fledged subsidiary of Mitsubishi Heavy Industries Ltd. (MHI) in Japan, located in Almere, the Netherlands.