Royal IHC and Breman Machinery agree on exclusive cooperation

Royal IHC and Breman Machinery have signed an agreement to cooperate on
building complex and steel structures with high tolerances and high precision as
part of the tender to replace the Royal Netherlands Navy’s Walrus-class
submarines.

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IHC is competing in the tender as a partner of the highly experienced Naval Group.
If the group goes a stage further in the process – which will be announced in a socalled ‘B-letter’ – it will be able to draw on Breman’s extensive expertise and
experience.

IHC and Breman have been working together for decades on various shipbuilding
projects, as well as the construction of large steel structures for pipelaying
systems, and installation tools for offshore wind turbines. Characteristically, these
projects demand a high degree of complexity and precision, which is Breman’s
specialty. Alongside its expertise and domain knowledge, Breman has a large-scale,
cutting-edge machine park, which is required to construct the new generation
submarines.

Dave Vander Heyde, CEO of Royal IHC, says: “Through this agreement, we are
delighted that we can reinforce and intensify our collaboration. Both IHC and
Breman stand for craftsmanship, high quality and know-how. It would be
tremendous if we could use our combined forces to develop and construct the new
submarines: for The Netherlands, by The Netherlands, and in The Netherlands.”

Henk Breman, CEO of Breman Machinery, adds: “We are confident of being a
strong partner in this challenging project. During a company visit to the Naval
Group, it was clear that the high quality on offer aligned perfectly with what we
can deliver. With regard to the construction, welding and machining process,
Breman will be able to establish strong partnerships. Together with IHC, we can
make a strong contribution to the development of the manufacturing industry as a
future partner of the Dutch defence.”