Schottel acquires anchoring and mooring business, Swift Anchors

Edinburgh-based Sustainable Marine has sold its anchoring and mooring subsidiary, Swift Anchors, to its largest shareholder and decade-long partner, Schottel. Swift Anchors is now part of the Schottel subsidiary, Aquos, and is to expand into sectors beyond marine energy including floating wind and aquaculture.

Sustainable Marine will remain a key distribution partner for Swift Anchors. It will also use the Schottel subsidiary’s recently launched remotely operated rock anchor installation system, AROV2, at its Pempa’q Project, a tidal array in Canada.

Schottel Aquos Marine Technologies’ CEO, Sascha Scholz, said: “Swift Anchors’ products can offer significant benefits to the floating offshore wind sector which will experience incredible growth over the next decade and has huge potential in other blue energy sectors including tidal, wave, floating solar and aquaculture. Above all, the expansion of the relatively young but emerging floating wind energy can be noticeably accelerated with the unique Swift Anchors rock anchor technology.ˮ