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ZF Marine Acquires HRP

Posted on September 4, 2009

The Marine Propulsion Systems business unit of ZF Friedrichshafen AG announced it has acquired HRP Nederland b.v., a global manufacturer of steerable thrusters, along with its subsidiaries. Financial details were not disclosed.

HRP has production locations in The Netherlands and Indonesia and sales and service locations worldwide. It produces a wide range of steerable thrusters, which include well-mounted thrusters, retractable thrusters, tunnel thrusters and controls, available in fixed pitch, CP and CRP versions. ZF said HRP “achieved positive sales development in 2008,” with approximately 30% of its business in Europe and 50% in Asia.

Most of HRP’s workforce of about 250 is located in Europe, including at its headquarters in Krimpen, The Netherlands. HRP also has offices and facilities in Asia, North America, South America and Middle East. Going forward, the company will operate as ZF Marine HRP and will be part of the ZF Marine Group.

"With the addition of the new ZF Marine HRP company, we are now able to offer competence in the field of steerable thruster technology,” said Roland Heil, ZF Marine's CEO. “We can swiftly apply HRP’s extensive propulsion know-how for our future growth in the Commercial Craft market segment.”

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