AVIC International Investments Limited said it is acquiring Deltamarin Oy, the Finnish ship design specialist, for €32.11 million.
Deltamarin provides design, engineering and contracting services for offshore, shipping, shipbuilding, naval and marine industries. It is a well-known name in passenger ship design and has e.g. worked on the Titanic II project of Blue Star Line. However, it also works for customers in other areas of shipping.
Avic is a Singapore-listed provider of project management and consultancy services to shipping and shipbuilding, said in a statement the acquisition will contribute greatly to the group's plans to become a dominant player global shipping.
