Schulte Group's acquisition in Singapore
The Hamburg-based Schulte Group has acquired a majority stake in Tec Hull Clean Limited (THC), a services provider in the maritime business. The Singapore-registered company specialises in underwater inspection, repair and maintenance (IRM). THC is headquartered in Singapore and Algeciras (Spain) and has subsidiaries in Spain, Gibraltar and Ghana.
THC offers underwater hull cleaning, inspection and propeller polishing services that are compliant with local regulations as it prepares for the international maritime organisation (IMO) marine environment protection committee’s (MEPC) guidelines for the control and management of vessels’ biofouling to minimise the transfer of invasive aquatic species.
THC’s founder, Paw Rene Jakobsen, a key player in the commercial diving industry for 35 years, will assume the role of CEO at THC following the transaction. (kd)