Italy’s growing engineering, testing, marine services and ship classification group RINA has acquired a majority stake in Montreal-based marine survey company Hayes Stuart. The move gives RINA Services a platform for further expansion into the growing market in Canada.
Stefano Socci, General Manager Americas, RINA Services, says, “Hayes Stuart is a well-established Canadian marine survey company with expertise that complements ours. We see the marine market growing in Canada and Hayes Stuart together with RINA will be well placed to expand with it.”
Hayes Stuart has offices in Montreal, Toronto, Quebec City and Halifax and employs fifteen full-time marine experts. It provides a range of commercial marine services including hull and machinery surveys, condition surveys, bunker and cargo surveys, loss prevention surveys.
Hayes Stuart will maintain its brand and operate as a RINA group company. The acquisition reflects RINA’s strategy of growing by acquiring high quality companies with complementary expertise which also provide access to new markets.
Richard Breton, President, Hayes Stuart Inc, says, “I am very excited to join forces with the RINA Group as this marks a new chapter in Hayes Stuart’s marine history. I am confident that this strategic move will prove to be very successful in expanding RINA’s wide range of services throughout Canada and worldwide.”
RINA Services S.p.A. is the RINA group company active in classification, certification, inspection and testing services. RINA is a multi-national group which delivers verification, certification, conformity assessment, marine classification, environmental enhancement, product testing, site and vendor supervision, training and engineering consultancy across a wide range of industries and services. RINA operates through a network of companies covering Marine, Energy, Infrastructures & Construction, Transport & Logistics, Food & Agriculture, Environment & Sustainability, Finance & Public Institutions and Business Governance. With a turnover of over 294 million Euros in 2013, over 2, 500 employees, and 163 offices in 57 countries worldwide, RINA is recognized as an authoritative member of key international organizations and an important contributor to the development of new legislative standards.