AVEVA to Acquire Tribon Solutions
 
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AVEVA to Acquire Tribon Solutions

      4/22/2004

AVEVA to Acquire Tribon Solutions

The engineering software and services group AVEVA (Cambridge, UK) has announced the proposed acquisition of Tribon Solutions, a global supplier of IT solutions for shipbuilding and marine design. Marine design, specifically that of hulls and other floating structures, poses specific challenges and practices not seen in plant design or ship outfitting - sectors in which AVEVA claims that already has established strength. The acquisition of Tribon and the compatibility of the two technologies will provide, according to both companies expectations, a complete proposition for the global shipbuilding and marine design industries.

Tribon was formed after a purchase by the Sixth National Swedish Pension Fund of established design technology including that of British Maritime Technology, from Kockums Shipyard.

Lloyd's Register 'Fairplay', quotes the company as having a majority share in the sectors of carriers, tankers and container ships and a client base of more than 74% of the world's top 50 shipbuilders. AVEVA, formerly known as Cadcentre, has been providing IT solutions and services to the process and power plant industries.

Commissioned reports from the European Communities and other worldwide authorities have shown solid growth in the shipbuilding industry, particularly floating production systems and other vessels associated with industry, cargo, oil and gas. Currently, about 85% of the yearly construction of over 30million tonnes of ships takes place in the Far East, with 7% in the European Community and 8% in the rest of the world.


 

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