ATRIUM acted as exclusive financial advisor to the owners of HydroPen in connection with the sale to VIKING Life-Saving Equipment

HydroPen is a specialized marine engineering company that develops and manufactures solutions for fighting container fires. HydroPen has developed a novel firefighting solution that enables easy, safe and direct firefighting in shipping containers at heights on container vessels and at shipping terminals. The company was founded in 2016 by CTO Jesper Hansen and CEO Martin Winkel, after experiencing first-hand the need for better firefighting equipment on board container vessels. HydroPen has since won numerous awards, including DTU’s Danish Tech Challenge and the Safety at Sea Award for Best Safety Equipment, and counts leading shipping companies such as CMA CGM and V. Ships as customers.

With the acquisition, VIKING Life-Saving Equipment strengthens its position within marine safety equipment and will be able to achieve significant sales synergies by adding a complementary, patented firefighting solution to its portfolio of safety solutions. ATRIUM completed an international, structured auction process comprising several strategic buyers.

For more information please also refer to the VIKING Life-Saving Equipment press release.

 

ATRIUM Partners

Advised in the sale of

HydroPen

to

VIKING Life-Saving Equipment

Industrials

MidCap Alliance