ROG plots independent path with share buyback

Press Release – 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.

About Rotterdam Offshore Group
ROG provides services (24/7) to the maritime and offshore industry.  The company is divided in two business units, Rotterdam Offshore and ROG Ship Repair. The company has a strong reputation for finding innovative solutions for complex jobs. The ideas and activities of shareholders are complementary, so a complete portfolio can be offered to clients. This includes:
ROG Ship Repair

• Ship repair, conversion & maintenance
• Port & voyage repairs & maintenance

Rotterdam Offshore

• De- and mobilization
• Steel construction works

ROG has an open sea accessible, strategic and ISPS location in the main port of Rotterdam. There are lay-by facilities for (marine, sea-going and Jack Up) vessels up to 320 m length, 80 m breadth and 9.5 m draft.

ROG offers heavy lift crane capacity and a large yard area of more than 21,000 m2 with a fully equipped workshop.
For more information visit:    
www.ship.repair
www.rotterdamoffshore.com