AtZ Marine acquired by Marine & Industrial Transmissions
Isle of Sheppey marine engineer adds new capability with Southampton acquisition
Consolidation M&A for dry dock engineer
Marine driveline systems specialist Marine & Industrial Transmissions (MIT) has acquired ship propeller repair specialist AtZ Marine for an undisclosed sum.
Founded in Southampton in 1998, dry dock project manager AtZ Marine provides propulsion diagnostics, repair, OEM spares and OEM alternatives, overhaul, removal and commissioning, inspection and surveys and consultancy services to ship operators globally, to any make and model of driveline component.
MIT acquired AtZ in 2015. In 2018, Swedish diversified industrial group Axel Johnson acquired both MIT and AtZ – now renamed Marindus Group – to join the Stockholm family corporate portfolio of 200 businesses employing 5000 people in 34 countries.
Douglas Edmunds advised Anne Searle and David Newell, the shareholders of AtZ Marine.
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