Finnish company Kumera Corporation, parent company of Norway-headquartered Kumera AS has acquired Helseth Invest, the Norwegian parent company of propeller manufacturer Helseth AS.
The move expands Kumera’s product offerings to encompass full propulsion systems. The range of marine gearboxes from Kumera and controllable pitch propellers from Helseth cover engine power ranges from 200 kW to 5,000 kW.
The companies were working together ahead of the sale. In March 2018, they paired to supply a propulsion system for two small waterplane area twin hulls under construction for use at windfarms in Taiwan.
A statement from Kumera called the acquisition “an important step in Kumera’s strategy for growth in the marine sector” in that it allows Kumera to deliver propulsion packages consisting of propellers, gearboxes and control systems.
The statement also said the group has a “clear dedication to further investments and growth”. Kumera Corporation has an annual turnover of around US$82M of which gearboxes accounts for 65%.
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