Danish marine pump specialist Svanehøj has established a new independent business for production, sales and service of land-based liquefied natural gas (LNG) tank gauging systems and hydraulic LP safety valve systems.
The company is set to take advantage of the global increase in LNG supply, which could reach 449m tonnes by 2025.
Svanehøj’s new business venture - named Svanehøj France - comes after its agreement to take over Wartsila Tank Control Systems (TCS), which is engaged in the production, sale and service of high-end gauging systems for LNG plants, terminals, and carriers.
Having been approved by French authorities, the new business will be based in Calais, France, where TCS currently has a production facility.
Morten Christian Larsen, Director of Service and Aftersales, Svanehøj, will take up the position of Director at Svanehøj France, in addition to maintaining his current role.
He commented, “We are acquiring a company that has historically been at the forefront of systems that enhance the safety of liquefied gas storage.”
“Svanehøj is already a leading specialist in marine fuel and cargo pumps for liquefied gas, and we see obvious synergies in relation to both new sales, service and aftersales, which we will use to good advantage.”
The company, which supports a ‘fast and complete’ transition to zero-carbon maritime fuels is using the new acquisition as an opportunity to offer pumping solutions for LNG terminals on land.
Alongside the new land-based business, Svanehøj has also acquired a maritime business with production, sales, and service of measuring systems for LNG vessels.