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June 24, 2015

Vard acquires automation and control system software provider ICD Software

Vard's subsidiary Seaonics has acquired ICD Software, a company that provides automation and control system software to the offshore and marine sectors.

Vard’s subsidiary Seaonics has acquired ICD Software, a company that provides automation and control system software to the offshore and marine sectors.

With this take-over, Seaonics will enhance its deck-handling equipment and automation technology business.

Seaonics chairman Stig Bjørkedal said: "This acquisition is a catalyst for growth and development of Seaonics, and an important step for Vard in strengthening our equipment and solutions portfolio.

"The integration of in-house developed automation and control system software enables us to offer a complete complex product delivery to the customer."

"Integration of in-house developed automation and control system software enables us to offer a complete complex product delivery."

The deal will enable Seaonics to develop and deliver parts of the equipment for drilling vessels, including automation systems for cranes, winches, and other deck-handling equipment.

ICD Software, which currently employs 63 people in Norway and its subsidiaries in Poland and Estonia, will support the development of products for Seaonics and other Vard companies, Vard stated.

Established in 2011, Seaonics offers cranes for critical offshore lifting operations up to 250t, as well as launch and recovery systems (LARS).

In January, Seaonics secured a contract to deliver equipment for a polar research vessel.

Valued at more than NOK100m ($13.02m), the large equipment package will be used for deployment on the vessel that is under construction at Italian ship-building firm Fincantieri’s integrated shipyard in Riva Trigoso-Muggiano.

Under the contract, the firm will deliver winches, deck cranes, and overboarding systems, including LARS and A-frames.

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