VARD Holdings strengthens Equipment Portfolio with acquisition of Automation & Control System Software Provider, ICD Software

Thursday, Jun 25, 2015

VARD is pleased to announce that through its subsidiary Seaonics, it has acquired ICD Software, a leading provider of automation and control system software for the offshore and marine sectors.

Established in 2011 and 51% controlled by VARD, Seaonics delivers winches, cranes and handling equipment to the offshore and maritime sector. The company has developed cranes for critical offshore lifting operations up to 250t, and is one of the market leaders for Launch and Recovery Systems (LARS). Prior to the transaction, Seaonics employed 50 employees in Norway and a subsidiary in Poland.

ICD Software is specialized in the development of automation software and control systems, and employs 63, half of which in Norway and the remainder in two subsidiaries in Poland and Estonia.
Through the acquisition of ICD Software and its subsidiaries, Seaonics is able to expand its business in deck handling equipment and automation technology. ICD Software has leading know-how and experience in automation and drive systems, and is expected to be an important contributor to the development of new products for Seaonics and other companies in the VARD group.

The new enlarged Seaonics will also be able to develop and deliver significant parts of the equipment for drilling vessels, including automation systems for cranes, winches, and other deck handling equipment, including the innovative drilling tower solutions from part-owned Castor Drilling Solution.

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