Transas and Industrial Investors Group to create strategic alliance
21. November 2011
| Editorial staff Ship&Offshore
Industrial Investors Group (IIG) acquired 25%+1 share in Transas.
Both partners are assured that this alliance opens new horizons for Transas in strengthening its international positions in such areas as avionics, aircraft simulators, unmanned aircraft, and virtual reality entertainment systems. At the same time the partnership would also contribute to further development of TRANSAS traditional areas of leadership – marine navigational and control equipment. This segment will probably benefit most from the new alliance, given that Industrial Investors Group have extensive experience in marine operations, owning Russia's largest dry bulk and container shipping company – FESCO, and provide valuable input from the client's perspective.
