Hundested Propeller is said to be a natural fit to BSI’s existing portfolio
Danish deck hardware and rigging manufacturer BSI A/S has acquired Hundested Propeller A/S, a Danish supplier of controllable pitch propellers and gearboxes, and tunnel and retractable swing thrusters. Terms of the deal were not disclosed.
“Hundested Propeller focuses on high-quality products based upon superior design and customer service,” says Morten Madsen, CEO of BSI. “It is a natural fit to BSI’s existing portfolio and we are very excited about this addition to the BSI family of companies.”
BSI’s product range consists of BSI rod and wire rigging, the Moonlight, Easy & Skylight range of hatches and portlights for the yachting and wind power industries, as well as Gori propellers, Jefa steering systems, and now Hundested propellers.
Hundested Propeller will operate as a separate business unit of BSI and remain at its existing location in Hundested, Denmark. Former owner Mogens Christensen is now a minority owner and will continue in his role as general manager of the company for a few years, reporting to Madsen.
”This acquisition will give BSI an additional world-leading product to our discerning clients worldwide,” says Madsen in a statement. “At the same time it also provides Hundested Propeller with additional resources and strength for future growth.”