Marine · Offshore · Industry

About us

SRC provides design and engineering, technical and interior refit services in maritime and offshore sectors. We have companies in the Netherlands, Norway, Estonia, Italy, Poland and sales offices in the US and in South Korea. SRC executes repairs, retrofit projects, specialised short lead time conversions and complex tailored conversions in remote areas for demanding customers worldwide. The group has successfully completed more than 4,000 projects across the world, from small repairs to turnkey retrofits. SRC is capable of managing around 1,000 people per project.

01

Fast reaction project management

We specialise in executing multidisciplined, short lead time and complex tailored projects, in remote locations across the globe.

02

Value Maximizing

Business strategy can be defined as the choice of the logic of value creation – how can we create the most value for our customers, in order to maximise our own value, taking into account our unique situation (our competences, purchasing power of customers, state of competition, etc).

03

Knowledge in the service of technology

Our team of designers and engineers are specialised in the fields of Marine, Offshore and Industry sectors. SRC is a licensed representative of the revolutionary technology SPS-Overlay.

04

Customer First Approach

SRC has always pursued the strategy of maximising customer satisfaction at a reasonable price. In order to encourage the customers to return, emphasis is placed on the quality of service which generates trust and reliability. SRC wins the clients' trust by being reliable and providing a pleasant experience for the customer.

05

Quality Management

The company has an integrated operations management system, is certified and adheres to ISO9001:2008 quality management, SO14001 environmental management, OHSAS18001 occupational health and safety and AQAP2110 - NATO quality assurance requirements for design, development and production.

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Project
Office
Main office in Estonia

Project map

Important Milestones

2001

The Beginning and Growth

SRC is established towards the end of the year. There is an average of 8 people on pay-roll.

2004

Big Acquisition

SRC acquires Estonia's oldest machine building factory “Ilmarine”, founded in 1859, with a production area of 10 000 m² to be able to take on bigger ship repair projects,

2005

New market

SRC moved on to another market – shipbuilding - and signed a contract building 6 chemical tankers for a Swedish publicly listed company, Svithoid Tankers. The corporation form is adopted, consisting of the parent company SRC Group, and 3 subisidiaries: SRC Laevateenindus (ship repair and conversion), SRC Uusehitused (shipbuilding) and SRC Ilmarine (machine building, steel).

2006

Focus Shift

100% of SRC Ilmarine and the majority share (80%) of SRC Uusehitused are sold off, in order to concentrate fully on the fields of core competence – ship repair and conversion.

2008

SPS Overlay Technology

Sales volumes continued to increase and SRC formed a partnership with SPS Technology. SRC obtains an exclusive right to offer SPS Overlay technology in the Baltic Sea region.

2010

FPI representation

Future Pipe Industries B.V. (FPI), of The Netherlands, signed the collaboration agreement with SRC Group AS (SRC) to become FPI’s exclusive marine representative, distributor and installation contractor in Estonia, Latvia and Lithuania.

2012

Getting Offshore

SRC started to offer services to offshore sector. Future Pipe Industries B.V. (FPI), of The Netherlands, has extended the collaboration agreement with SRC Group AS (SRC) to become FPI’s exclusive marine representative also in Finland. SRC divided its business into three areas MARINE, OFFSHORE and INDUSTRY.

2013

New Rights and Offices

SRC obtained exclusive rights for sales, service and installation of the FPT IVECO diesel generating sets, industrial engines, marine engines and generating sets. SRC is an authorized dealer of TAPIMER OY who has been selling and servicing IVECO products since 1985 in Finland.

SRC Nordic AS was established in Norway with office location in Asker, 20 minutes ride west of Oslo. The function of SRC Nordic AS is perform sales, marketing and business development for SRC Group's overall activities.

2017

Establishing SRC Netherlands B.V.

New company - SRC Netherlands B.V. - founded to promote our activities in The Netherlands and neighbouring countries. The focus is on conversions and retrofits, starting from engineering services and design to prefabrication, project management and completion offering the most suitable solutions to our Customers.

2019

SRC Italy & SRC US

New offices were launched in Italy and in USA. SRC Italy SRL has been established in order to be more active and visible in Mediterranean Sea region. The focus is on all our services. SRC US is the logical step for entering more and more to cruise and ferry market on which SRC feels itself very comfortable doing interior refits daily.



2001

The Beginning and Growth

SRC is established towards the end of the year. There is an average of 8 people on pay-roll.

2004

Big Acquisition

SRC acquires Estonia's oldest machine building factory “Ilmarine”, founded in 1859, with a production area of 10 000 m² to be able to take on bigger ship repair projects,

2005

New market

SRC moved on to another market – shipbuilding - and signed a contract building 6 chemical tankers for a Swedish publicly listed company, Svithoid Tankers. The corporation form is adopted, consisting of the parent company SRC Group, and 3 subisidiaries: SRC Laevateenindus (ship repair and conversion), SRC Uusehitused (shipbuilding) and SRC Ilmarine (machine building, steel).

2006

Focus Shift

100% of SRC Ilmarine and the majority share (80%) of SRC Uusehitused are sold off, in order to concentrate fully on the fields of core competence – ship repair and conversion.

2008

SPS Overlay Technology

Sales volumes continued to increase and SRC formed a partnership with SPS Technology. SRC obtains an exclusive right to offer SPS Overlay technology in the Baltic Sea region.

2010

FPI representation

Future Pipe Industries B.V. (FPI), of The Netherlands, signed the collaboration agreement with SRC Group AS (SRC) to become FPI’s exclusive marine representative, distributor and installation contractor in Estonia, Latvia and Lithuania.

2012

Getting Offshore

SRC started to offer services to offshore sector. Future Pipe Industries B.V. (FPI), of The Netherlands, has extended the collaboration agreement with SRC Group AS (SRC) to become FPI’s exclusive marine representative also in Finland. SRC divided its business into three areas MARINE, OFFSHORE and INDUSTRY.

2013

New Rights and Offices

SRC obtained exclusive rights for sales, service and installation of the FPT IVECO diesel generating sets, industrial engines, marine engines and generating sets. SRC is an authorized dealer of TAPIMER OY who has been selling and servicing IVECO products since 1985 in Finland.

SRC Nordic AS was established in Norway with office location in Asker, 20 minutes ride west of Oslo. The function of SRC Nordic AS is perform sales, marketing and business development for SRC Group's overall activities.

2017

Establishing SRC Netherlands B.V.

New company - SRC Netherlands B.V. - founded to promote our activities in The Netherlands and neighbouring countries. The focus is on conversions and retrofits, starting from engineering services and design to prefabrication, project management and completion offering the most suitable solutions to our Customers.

2019

SRC Italy & SRC US

New offices were launched in Italy and in USA. SRC Italy SRL has been established in order to be more active and visible in Mediterranean Sea region. The focus is on all our services. SRC US is the logical step for entering more and more to cruise and ferry market on which SRC feels itself very comfortable doing interior refits daily.

Supervisory Board

Diederik Schnitler
  • SRC Group AS – Chairman of the Supervisory Board
Priit Karjus
  • SRC Group AS – Member of the Supervisory Board
Indrek Ergma
  • SRC Group AS – Member of the Supervisory Board

Management

Hannes Lilp
  • SRC Group AS – CEO, Chairman of the Management Board
Peep Mets
  • SRC Group AS – Technical Director / Member of the Board
Vadim Latkin
  • SRC Group AS – Chief Commercial Officer, Member of the Board
Kaido Kaljulaid
  • SRC Group AS – COO
Kennet Jõgi
  • SRC Group AS – CFO
© SRC GROUP AS
Kesk tee 31, 75305 Jüri, Estonia
Phone: +372 6 684 670
E-mail: src@src.ee