Holland’s largest shipyard, the Damen Shipyards Group, has acquired Swedish ship repair and maintenance yard Oskarshamnsvarvet in Oskarshamn. Details of the transaction were undisclosed.

Oskarshamnsvarvet specialises in the maintenance and repair of vessels up to 80m (262ft) and has built, repaired and maintained a substantial part of the Swedish coastal fleet since 1863.

The company, which is based on Sweden’s southeast coast, is also active in industrial activities such as specialised crane assembly and the production of special-purpose containers.

A statement released today says that Oskarshamnsvarvet will continue to operate as a repair yard, with its current operations and personnel remaining intact. The group employs around 60 people and has been profitable in recent years.

“The takeover of Oskarshamnsvarvet fits right into our strategy to increase Damen’s network of ship repair yards in Europe,” says Damen CEO René Berkvens. “Moreover, Oskarshamnsvarvet is a solid base from which we can provide services to existing and new (Swedish) clients. We look forward to work with the yard and its employees.”

Damen Shipyards Group is a globally operating company with 37 owned shipyards and numerous partner yards. The company employs over 6,000 people, has built over 5,000 vessels worldwide and delivers up to 150 vessels annually.

Following the acquisition, Damen now has two Swedish repair yards: Oskarshamnsvarvet on the east coast and Damen Shiprepair Götaverken on the west coast. All in all, Damen operates nine ship repair and conversion yards along the North Sea coast and three repair yards in the Middle East.