Velora Corp has announced the addition of Vicinay Marine to its industrial group, marking a strategic milestone that strengthens its ability to create value across the entire energy value chain while reinforcing its position as a leading industrial player.
With more than 200 years of history, Vicinay Marine is a global leader in the design and manufacture of offshore mooring solutions, serving both the Oil & Gas and floating offshore wind sectors. Its integration into Velora Corp reflects the group's long-term vision of driving sustainable growth, fostering innovation and developing solutions to meet the evolving challenges of the global energy industry.
The transaction brings together two highly complementary industrial businesses, combining technological expertise, manufacturing capabilities and a shared ambition to build long-term value. Through this acquisition, Velora continues to strengthen a more diversified, resilient and future-ready industrial group.
Velora Corp's investment in Vicinay Marine, supported by the Basque Government through Ekarpen, will enable the completion of the company's financial restructuring and lay the foundations for a new phase of growth and development. This new chapter will focus on enhancing innovation, expanding business opportunities and reinforcing the leadership legacy that Vicinay Marine has built over more than two centuries.
As part of the transaction, Interpath's M&A team in Spain acted as financial advisor to Vicinay Marine throughout the process leading to Velora Corp's investment.
The addition of Vicinay Marine reflects Velora Corp's commitment to a long-term industrial investment strategy focused on strengthening market-leading companies, fostering innovation and creating sustainable value in strategic sectors.
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The private investors joining the initiative include Danske Bank from ...
