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Briefcase: Promotions, hires and more

Briefcase: Promotions, hires and more
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Hesper Engineering Acquires Mossel Bay Engineering Stalwart | Hellenic Shipping News Worldwide

Hesper Engineering Acquires Mossel Bay Engineering Stalwart
Novatech, trading as Hesper Engineering, a ship repair and general engineering company based in Cape Town, has purchased a 51% shareholding in Swift Engineering. Swift Engineering (now trading as SwiftNova Engineering) is a reputable specialized fabrication company servicing the marine, energy and oil & gas sectors in the Mossel Bay area and nationally.
The company’s acquisition will strengthen the capabilities of Sturrock Grindrod Maritime’s (SGM) Technical Division which comprises Hesper Engineering, NovaMarine and United Container Depots (UCD).
Marcus Twine, CEO of SGM Technical said, “The relationship between Hesper Engineering and SwiftNova goes back many years. Discussions regarding a potential partnership started at the beginning of 2020. We were open to it because we are always on the lookout for complementary opportunities to grow our business and footprint with partners that uphold similar valu ....

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