Marine · Offshore · Industry

About us

SRC provides maritime, offshore and industrial services. We have companies in the Netherlands, Norway, Estonia, Italy and sales offices in US and in South Korea. SRC executes repairs, retrofit projects, specialised short-term 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

Our competitive advantage is to execute multidisciplinary, specialised short-term and complex tailored projects in remote areas for demanding customers worldwide.

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 revolutionary technology like 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.

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 are 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 are increasing again and SRC is starting cooperation with Intelligent Engineering. 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, has 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.

Founding of new company SRC Netherlands B.V to promote our activities in Netherland 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 are 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 are increasing again and SRC is starting cooperation with Intelligent Engineering. 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, has 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.

Founding of new company SRC Netherlands B.V to promote our activities in Netherland 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 Supervisory Board
Indrek Ergma
  • SRC Group AS – Member of Supervisory Board

Management

Hannes Lilp
  • SRC Group AS – CEO, Chairman of the Management Board
Peep Mets
  • SRC Group AS – Technical Director
Vadim Latkin
  • SRC Group AS – Export Director, Member of Board