SRC welcomes SLR Synergies as strategic investor to expand global presence

SRC has welcomed SLR Synergies as a strategic investor to strengthen the two companies’ positions in the maritime industry and enhance their global reach.

Specializing in ship retrofits, refits, and innovative maritime technologies, SRC is already well-established in Europe. The agreement marks a step forward for the company as it seeks to establish a stronger presence in Asia – a key region for maritime growth. Meanwhile, Singapore-based SLR Synergies, which provides engineering services for the offshore marine sector, will use its investment to broaden its reach in Europe.

Highlighting the increasing importance of collaborative innovation, the partnership is expected to facilitate the exchange of expertise and open up new opportunities for SRC and SLR in their respective target markets by combining the two companies’ complementary strengths. SRC’s expertise in retrofits and alternative fuel solutions is a natural fit with SLR’s extensive engineering capabilities and proven track record in delivering complex vessel repair projects. Together, the companies will offer a more comprehensive suite of services, addressing the growing demand for efficient and sustainable solutions from customers in the maritime industry.

One area of focus will be promoting innovative technologies developed by SRC such as the Remote Fairlead Locking System, which enhances the safety and cost efficiency of the anchoring process for offshore semisubmersibles, and Methanol Superstorage – a novel solution for methanol storage in maritime that replaces traditional cofferdams with a 25-mm SPS barrier. However, the partnership extends far beyond individual products. By leveraging SLR’s in-depth engineering knowledge and SRC’s innovative systems, the companies aim to provide high-value solutions that enable vessels to comply with evolving environmental regulations.

“We are thrilled to welcome SLR Synergies as a strategic investor,” said Hannes Lilp, CEO of SRC Group. “Their expertise in marine and offshore engineering, coupled with their strong foothold in the Asia-Pacific region, makes them an invaluable partner in driving our shared vision for innovation and sustainable growth.”

Ray Ng Hee Hock, CEO of SLR Synergies, commented on the partnership’s potential: “SRC Group has an outstanding track record in delivering innovative solutions for the maritime industry. By working together, we can combine our strengths to address our customers’ evolving needs and expand into new markets.”

The strategic collaboration is expected to deliver mutual benefits, enhancing both companies’ ability to meet evolving industry demands and support maritime decarbonization. As partners, SRC and SLR Synergies are well-positioned to lead the industry in offering advanced engineering solutions tailored to global maritime challenges.

About SRC Group

Founded in 2001, SRC is a multi-regional company with 24 years of experience in managing marine & offshore projects that require tailored solutions and short lead times.

The company offers EPCI (Engineering Procurement Construction Installation) solutions – design and engineering, technical, electrical and interior refit services, and is also active in technology development in the maritime and offshore sectors.

With the successful completion of more than 5,000 projects worldwide, SRC has established an extensive network of dependable collaborators (affiliates, associates, partners) and subcontractors. Its completed projects range from small repairs to major EPCI retrofits with up to 1,000 workers.

SRC Group is a private capital company with offices in Estonia, Italy, Norway, US, Singapore and the Netherlands.

About SLR Synergies

SLR Synergies Pte Ltd is a marine engineering firm based in Singapore. SLR specializes in providing full engineering services to the offshore marine industry, across all stages of vessel repair work.

The company provides projects from concept development and feasibility studies all the way through to vessel modifications or adaptations, as well as repairs and maintenance during operational phase.

SLR’s team has vast experience in working in remote and challenging environments, aiming to provide innovative and sustainable solutions for our clients by leveraging the latest technologies available.

For more information, contact:

Alex Vainokivi

Innovation Manager

SRC Group AS

Email: Alex@src.ee

Mob: +372 5093 569

www.src.ee

Ray Ng Hee Hoc

CEO

SLR Synergies Pte Ltd

Email: ray.nghh@slrsynergies.com

Mob: +65 9448 2768

https://slrsynergies.com/