PRESS RELEASE | Singapore, February 2023
Mr. Marine, the world’s leading Testing, Inspection, and Certification (TIC) company for marine elevators and a rapidly expanding force in related maritime services, is delighted to announce a significant strategic milestone. We have successfully acquired 100% of the shares in Singapore-based Atlas Marine Services Pte Ltd. This pivotal transaction took effect immediately, marking a major step in Mr. Marine’s global growth strategy.
With this crucial acquisition, Mr. Marine instantly and substantially strengthens its position in Singapore, which is indisputably recognized as the world’s busiest port and an indispensable global hub for specialized TIC services crucial to the shipping industry. Singapore’s status as a premier maritime crossroads serving as a key transit point for global trade and a center for ship management—makes this market essential for any company aspiring to global leadership in marine services. By merging the strengths of both companies, Mr. Marine will become a market leading TIC company in Singapore, offering an expanded suite of services backed by a larger, highly skilled local team.
Synergies in Specialized TIC Services
Mr. Marine has built its reputation as the global market leader for the inspection, certification, and repair of marine elevators. Capitalizing on this strong foundation, the company is also rapidly growing its global presence in highly regulated and technically demanding segments, specifically the gas detection and ballast water treatment markets.
Atlas Marine complements this strategic expansion perfectly. Established in Singapore in 2004, Atlas Marine is a recognized local leader, particularly in the niche but critical field of gas detector calibration and certification. Gas detection equipment is mandatory for crew safety in enclosed spaces and cargo areas onboard vessels, making its accurate calibration and reliable certification non-negotiable. Atlas Marine brings to the merger a strong team of highly skilled technicians with deep local market knowledge and a proven track record of excellence in this segment.
The synergies created by this acquisition are immediate and powerful:
Consolidated Gas Detection Expertise: Mr. Marine gains Atlas Marine’s established reputation and technical depth in gas detector services, instantly making the combined entity a powerhouse in this segment in Southeast Asia.
Expanded Service Portfolio: Atlas Marine’s existing expertise covers a range of onboard equipment, including gas detectors, ballast water treatment systems (BWTS), scrubbers, UTIs (Ullage, Temperature, Interface detectors), and other sensor systems. This variety neatly aligns with Mr. Marine’s strategic expansion into these adjacent markets.
Local Infrastructure: Atlas Marine provides Mr. Marine with immediate, quality local infrastructure, including its own office and warehousing facilities in Singapore. This infrastructure is vital for efficiently managing inventory, spares, and a rapid-response mobile service team.
Integration and Team Growth
The integration strategy is designed for maximum efficiency and continuity. Mr. Marine’s existing Singapore team will be merged into Atlas Marine. Atlas Marine will continue to operate under its well-respected local brand name, but as a Mr. Marine Company. This approach leverages Atlas Marine’s strong local reputation while integrating it into Mr. Marine’s robust global operational framework.
The newly combined company has a team of 18 people in Singapore, which provides a formidable local presence. The expectation is that this team size will continue to grow in the short to medium term to support the anticipated increase in demand for the integrated service offerings.
Globally, Mr. Marine now employs 89 people in its core office staff. The company maintains its headquarters in Rotterdam and strategically located offices in Dubai, India, Singapore, Shanghai, and Panama. This structure supports a vast, flexible global network of more than 180 service engineers, who are the boots-on-the-ground delivering TIC services worldwide. This extensive network enables Mr. Marine to cover client needs across different time zones and major shipping lanes.
The Vision of a Global One-Stop-Shop
Karel Peters, CEO of Mr. Marine, articulated the strategic rationale behind the acquisition: “Shipping companies want fast, reliable, quality service worldwide. Our one-stop-shop global service for marine elevators is very successful, setting the benchmark for the industry. We are now rapidly replicating our successful model to ballast water treatment systems, gas detectors, and other onboard equipment.”
The acquisition of Atlas Marine directly serves this vision of creating a comprehensive, global one-stop-shop. Clients can now rely on a single, trusted partner to manage multiple critical compliance and safety services across their fleet, streamlining procurement, maintenance scheduling, and documentation. Mr. Peters concluded: “We welcome the Atlas team to the family and we are greatly looking forward to expanding our business together, in Singapore and beyond.” The partnership is expected to drive further innovation in service delivery and geographical coverage across the Asia-Pacific region.
About Mr. Marine
Established in 2002, Mr. Marine has rapidly evolved beyond its origins to become a powerhouse in specialized maritime TIC services. It is recognized as the global market leader for the inspection, certification, and repair of marine elevators. Furthermore, the company has achieved significant penetration and expertise in the safety and compliance markets of gas detectors and ballast water treatment systems.
Mr. Marine’s success is built upon its robust and flexible operating model: a global network of strategically located service engineers that collectively provide expert TIC services in over 300 different ports worldwide. This vast reach allows the company to minimize mobilization costs and response times. The quality and reliability of its services have attracted an expanding client base that includes many of the world’s leading ship owning and management companies. A clear indicator of its aggressive market success is that the company has doubled its business in the past two years, highlighting its effective strategy for capturing market share through specialization and global scale.
About Atlas Marine
Atlas Marine was established in 2004 in Singapore, positioning it early in the region’s burgeoning maritime services market. It has developed a strong base with a team of experienced service engineers capable of providing crucial testing, certification, and repair services for a range of onboard equipment. The company’s specialization in safety and environmental compliance systems, including gas detectors, BWTS, and scrubbers, makes it an ideal fit for Mr. Marine’s strategic direction. Atlas Marine’s operational efficiency is supported by its own office and warehousing facilities in Singapore, guaranteeing reliable local logistics and service delivery that is critical in the fast-paced port environment.
The combined entity is now perfectly positioned to offer superior integrated services, capitalizing on the robust maritime industry in Singapore and reinforcing the safety and compliance standards for vessels across the globe
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