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Maxwell joins the Vetus Group of Companies

Business

Vetus N.V. takes great pleasure in announcing that Maxwell Marine Limited, a leading manufacturer of high quality anchor windlasses and related deck equipment announced today that it has joined the Vetus group of companies.

Maxwell will remain independent within the group and will continue to develop, brand and market its own products, and will now have access to the capital resources of the international Dutch boat equipment company. Maxwell and Vetus will form a strategic marketing alliance and seek opportunities and synergies to jointly expand their world wide businesses.

Beschier Kik, CEO of Vetus comments: "I am really pleased to welcome Maxwell to the Vetus group of companies. Their products and people are a fantastic addition to our business".

Marcel Borsboom, COO of Vetus adds: "Vetus and Maxwell have many opportunities for growth and this alliance brings the group a strong team of dedicated people with excellent market relationships and fine production resources".

Maxwell has a well earned reputation for excellence in engineering and manufacturing and has a strong presence in Asia, New Zealand, Australia and the U.S.A. Vetus is a leader in the European boat equipment arena and has distributors worldwide. Vetus designs and sells a broad range of marine technical equipment and engines.

Vetus N.V. is based near Rotterdam in Holland and is an international design and manufacturing company, selling technical boat equipment and marine diesel engines, for pleasure craft and smaller commercial vessels. The company has wholly owned subsidiaries in the U.S.A., Great Britain and Spain, with distributors and dealers in more than hundred countries.

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