Ship repair and vessel services specialist ROG has charted an independent future after reacquiring a controlling 75% stake previously held by shipbuilder Royal IHC.
The move marks an important development for ROG, which comprises two divisions focused on general ship repair and offshore wind mobilization and demobilization projects. ROG Managing Director Martin van Leest explained that the buyback gives the company a clearer and more unified strategic focus that will benefit its customer base.
“Our business has continued to develop over the past four years, and we are grateful for IHC’s support during that time,” he said. “This exciting new chapter will give ROG control over its future direction and ensure that the company is working towards aligned objectives.”
ROG has retained a shareholding in its business since IHC bought its share in 2017 and has maintained separate facilities and systems. The new ownership structure is expected to have no day-to-day impact on customers.