Royal IHC (IHC), the global shipbuilder for the dredging and offshore industries, has reached an agreement to sell 100% of its shares in its subsidiary IHC Sealing Solutions. The new owners are Willem Steenge, who as CEO is partly responsible for the strong growth of IHC Sealing Solutions in recent years, and Rabo Participaties (RaPar).
The sale enables IHC to strengthen its focus on its core business: offering integrated vessels, advanced equipment and life-cycle support to the dredging, wet mining and offshore construction industries. IHC Sealing Solutions is continuing under the leadership of CEO Willem Steenge, who has guaranteed strong growth and development of the company for the past 14 years. With RaPar and Rabobank as financial partners, a dedicated team has been assembled to serve the market with services that focus on quality, commitment and reliability. Rabo Participaties is one of the private equity funds of the Rabobank Group, which supports growing Dutch companies through minority interests. With the successful completion of this transaction, its portfolio has expanded to 11 companies in various sectors.