Volvo Penta invests in fin, interceptor and trim systems

Among the interesting news of the week was an announcement from Volvo Penta that is has signed an agreement to become the major shareholder of Swedish-based Humphree, which specialises in fin, interceptor, and trim systems.

Having a majority share in Humphree will further accelerate the next step in Volvo Penta’s journey to become a full marine system supplier. But it will also fast-track Volvo Penta's ambitions to extend its range of boat dynamics' solutions with new trim and stabilisation functions. Watch this space!

The companies will collaborate to pursue cutting-edge solutions for a wide range of marine vessels such as active ride control, Volvo Penta says, This strategic collaboration is intended to benefit marine leisure and commercial customers for both companies.

Humphree is a leading manufacturer of technology-based systems for low speed, medium speed, and high performance vessels. It supplies interceptors, optimising trim systems which reduce pitch and roll, steering alternatives to waterjet bucket deflection, sub-cavitating and base-ventilated stabilising fins, and hydrodynamic services.

In recent years, Volvo Penta has used Humphree as a supplier for its Interceptor System (IS). An upgrade to the IS will be launched this year, Volvo Penta adds.

"This deal marks a new chapter in offering the best marine application solutions for customers, and we look forward to a new and exciting working relationship," says Björn Ingemanson, president of Volvo Penta.

Humphree was founded in 2001 by a team of hydrodynamic experts and marine engineers. It has a global presence, which will be enhanced greatly by its association with Volvo Penta. Humphree will operate as a stand-alone entity retaining its brand, product line and organisation.

The transaction is subject to conditions but expected to close within four weeks. More at volvopenta.com.